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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Scale, security, and innovation are all linked to better information technology design and implementation.

National 195
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Disbursements, Main Street SMBs And BarkBox’s Merger With SPAC Top This Week’s News

PYMNTS

We have deep dives on disbursements, Main Street small- to mid-sized business (SMBs) and BarkBox reportedly combining with Northern Star Acquisitions Corp. Bridgetown Holdings, the special purpose acquisition company (SPAC) , is reportedly mulling a deal with Tokopedia , the Indonesian online shopping company. Billion Valuation.

Maine 168
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China’s Cyberspace Watchdog Mulls Stricter Online Oversight 

PYMNTS

It said it is striving to protect people’s rights and interests and safeguard national security. China’s biggest internet watchdog is seeking out public opinion until Feb. 7 about how the rules should be revised in order to bring about expanded oversight for digital payments, eCommerce and livestreams.

Online 171
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How Square’s Results Spotlight Main Street SMBs’ Resilience — And (Cash) Challenges

PYMNTS

And often, drilling down into business segments and management commentary provides insight into just how we as a nation are faring, depending on where you look. All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. Customers stored more than $1.3

Maine 141
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UN Blockchain Expert Says Digital Cash Could Replace Bank Accounts

PYMNTS

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

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Becoming a “Bahama Mama” Crypto-Style: A Closer Look at The Digital Asset Landscape in The Bahamas

Perficient

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. The paper also lays out plans to expand the resources of the Securities Commission of The Bahamas to bolster its role as the main crypto regulator.

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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Government-issued digital identities are not just the realm of sovereign nations.

Online 144