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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. We can and must do better.

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Mastercard And Unilever’s Micro-Lending Has Macro Results For Kenyan SMBs

PYMNTS

Mastercard saw that creating access to formal credit could mitigate the problems on both sides, and the company has spent the last year working alongside Unilever to learn as much as possible about what it would take to provide such access. A year ago, when Mastercard embarked on this journey, that was The Question.

Lending 101
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Fnality launches DLT wholesale payment system with UBS | Deutsche Bank plans Euro stablecoin | Mastercard: Elevating banking with 10 GenAI use cases

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space: Fnality launches DLT wholesale payment system in UK with UBS & Lloyds Deutsche Bank’s DWS plans Euro stablecoin Mastercard: Elevating banking with 10 GenAI use cases Plus, 9 more exclusive stories to help you stay ahead of the curve!

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence. Abrigo Small Business Lending Intelligence powered by Charm provides loan rating risk scores, the probability of default, and how the score was calculated.

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Digital Lending & The Biggest Conference Bankers Aren’t Attending

Gonzobanker

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. I’ll repeat that: one credit union and one community bank.

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Getting Mobile Ready

Independent Banker

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

Mobile 105
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Corporate Cards’ Collaborative Approach To SMB Adoption

PYMNTS

Power Director of Wealth and Lending Intelligence John Cabell in a statement. Others are turning toward collaboration and the developer community to more easily create their own corporate card solutions, and explore new use cases. But they may have a blind spot when it comes to the product itself,” said J.D.

Cards 101