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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last.

Lending 195
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How Charitable Giving Boosts Online BNPL Sales, Customer Engagement

PYMNTS

Ninety-four percent of consumers believe companies need to do more than just earn profits — they expect them to give back to social causes in their communities and in the world at large. Charitable donations have also proven to boost sales. eBay reduced its rate of customer attrition by 67 percent simply by supporting nonprofits.

Online 142
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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

RotoGrinders is a website that provides the DFS community with various bits of data, including game-specific weather forecasts. The betting platform – which is managed via DraftKings, which won the competitive bid for the project – has been operating since late December, and saw a spike in activity over the weekend.

Online 134
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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Café X Technologies. Total Disclosed Funding: $51M.

Maine 70
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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

We’re continuing to improve our defenses, and I think this also underscores that there are just constant attacks from people who are trying to take over accounts or steal information from people in our community.”. Homomorphic encryption is a scheme where operations can be performed on data without it being decrypted first.

Google 76
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Company: AOptix Technologies. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. and a dearth of people with technical, operational experience running energy facilities. Company: Powa Technologies. via TechCrunch.

Capital 78