Remove Fintech Remove Millennials Remove Taxes Remove Technology
article thumbnail

5 Reasons to expand small business lending

Abrigo

The smallest businesses and startups have the most trouble finding credit, and are often the first to turn to non-traditional lenders, like FinTechs for financing. The Federal Reserve study also found that 20 percent of small business owners cited managing cash flow as their biggest challenge, even more so than costs, regulation or taxes.

Lending 150
article thumbnail

For Gig Workers and Entrepreneurs, Business Banking Done Digitally

PYMNTS

Amaiz , a FinTech based in the United Kingdom, earlier this month said it is debuting a mobile banking app geared toward entrepreneurs. Since entrepreneurs tend to embrace technology in general, said the executive, there is a natural synergy at play. the government has an initiative in place to make tax collection digital.

Taxes 108
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Faster Payments Readies Global Payroll For A Paradigm Shift

PYMNTS

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Technological Innovation. Faster payment technologies make payroll “faster and cheaper,” she said.

Payments 127
article thumbnail

AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. Resetting Mortgage Services. They are becoming homebuyers.”

article thumbnail

5 Ways Ant Financial & Tencent’s Fintech Growth Playbooks Are Evolving

CB Insights

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

Fintech 51
article thumbnail

Wealth Management In The Post-Covid World: Tech Is Reshaping How We Save And Invest Money

CB Insights

As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. 24 Industries & Technologies That Will Shape The Post-Virus World. Consolidation will continue, even between fintech startups.

article thumbnail

The Coming Millennial FinTech Crisis

PYMNTS

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact.