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Why Main Street SMBs Are A Greenfield For InsurTech

PYMNTS

Insurance may not be the most flashy or exciting of industries, but its continued reliance on paper and inefficient underwriting processes makes the market a prime target for technology disruptors. ” Opportunity On Main Street. It’s no surprise, then, that the InsurTech arena has ballooned in recent years.

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Will Bank Wealth Managers Miss the Golden Opportunity?

Gonzobanker

New approaches to talent and technology are needed to address changes in the wealth management business model. As banks experience rate volatility and future increases in their costs of funds, businesses that drive noninterest income like trust and wealth management will be more important in creating franchise value.

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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . Mastercard has grown its Digital-First Card Program in North America as demand rises for digitally-driven money management offerings. Trackers And Reports.

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Saving Main Street: How A Business School Is Helping Toronto SMB Retailers

PYMNTS

If there’s a playbook for Main Street’s migration to digital, Toronto’s Schulich School of Business is authoring a very effective chapter. In 2016, an organization called Digital Main Street was set up by the city of Toronto as a business improvement project for small- to medium-sized businesses (SMBs). Carder said.

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Examining industries: The importance of industry analysis for financial institutions

Abrigo

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. Takeaway 2 Carefully considering a new customer's industry ensures it is a good fit for your risk appetite and helps better manage your customer relationship.

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NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart

PYMNTS

Consumers living under stay-at-home orders are going online to manage their personal and professional lives. These are just a few of the questions we sought to answer in Main Street On Lockdown: Reinventing The Road To Recovery edition. . The COVID-19 pandemic has triggered a massive consumer migration to digital commerce.

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Goldman Sachs COO Teases New Money Management Product

PYMNTS

The chief operating officer of Goldman Sachs said the bank is working on a digital money management tool in an attempt to attract more customers from Main Street, according to a report by Reuters. “We Management is targeting growth in the U.S. In terms of technology spend, the company has spent around $1.1