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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later?

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Top Corporate Treasurers Already Switching FIs To Gain FinTech Tools

PYMNTS

A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use. Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. Only 13 percent say they’re willing to jump on the innovation bandwagon. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Of those surveyed, said the GAO, nine of the 11 said that regulatory uncertainty has been a hurdle in credit expansion.

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US Treasurers Fall Behind On FinTech Investment

PYMNTS

Treasurers from the largest corporations are more likely to invest in newer financial technologies, found a new report from East & Partners and Contentive Media. East & Partners outlined its findings in the Treasury FinTech Index, which surveyed treasurers across geographic markets. percent planning to do so.

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NEW DATA: Why 100% Of Mid-Sized FIs Fail To Climb The Innovation Curve

PYMNTS

Mid-sized financial institutions looking to stay competitive could learn a thing or two from both their larger and smaller counterparts. Other key takeaways from the latest Innovation Readiness playbook: The best-performing FIs focus on consumer engagement. gauges where banks are on the road to becoming innovators.

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SMBs Aren’t The Only Ones Threatening To Switch Banks: Ovum

PYMNTS

Analysts described the scenario as a “red flag” for banks, with half of the corporate treasurers surveyed saying they have considered switching providers in the last year. Increasingly, treasurers want to streamline operations by consolidating their financial services under fewer providers, the report noted.

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