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SMEs Severely Dissatisfied With eLending Experience – Fed

PYMNTS

But Federal Reserve Bank of Cleveland senior policy analyst Ann Marie Wiersch told Forbes in an interview that bank lending to small businesses is still struggling. According to the Fed, 80 percent of SMEs that sought funding in 2015 received it, a 15 percent increase from 2014 levels.

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Fed: Two-Thirds Of SMBs Say They Are Dissatisfied With Online Lenders

PYMNTS

In the wake of the Great Recession , small businesses found it difficult to secure loans via banks – and even when they were available, the common complaint was that the application process was slow, time-consuming, paper-intensive and ill-suited to the needs of small businesses. That, according to the Cleveland Fed, is the good news.

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Why Two-Thirds Of SMBs Find Themselves Dissatisfied With Online Lenders

PYMNTS

In the wake of the Great Recession , small businesses found it difficult to secure loans via banks – and even when they were available, the common complaint was that the application process was slow, time-consuming, paper-intensive and ill-suited to the needs of small businesses. That, according to the Cleveland Fed, is the good news.

Online 131
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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Clients can view the full list of 150+ cashier-free retail operators here. Some historians date its existence to over 2,000 years ago: texts from ancient Greece describe a coin-operated machine for dispensing holy water in temples. However, RFID tags could provide extra security for unmanned retailers of higher-priced goods.

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Why Tech Fails Can (Sometimes) Be Inconveniently Fun

PYMNTS

In short, the system thought May was Batman and locked him out of his house as a security precaution. In keyless locking, there are two types of doors: fail-safe and fail-secure. That’s a lesson Cleveland resident Peter Pyros learned the hard way on a hot day, trapped inside his own car in his garage.

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Ohio Car Insurance: Get Coverage at the Lowest Rates

MyBankTracker

Below are the average statewide premiums for full coverage (100/300/100) by six major carriers operating in Ohio: Geico, $619 per year. Cleveland, $1,377. Keeping your credit clean for at least the last two or three years will help you secure a better rate. State Farm, $881 per year. Farmers, $887 per year. Cincinnati, $1,331.

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Cognitive Technology: A shelter in the storm of regulatory change

Insights on Business

For the financial services industry, the next set of changes are just around the corner courtesy of the policy changes being driven by the new US administration, along with continued desire internationally for increased protection, security and fairness in financial markets and with personal information.