Watch more: Live Roundtable With Mastercard’s Ginger Siegel, The Nourish Spot’s Dawn Kelly and Branch’s Ahmed Siddiqui A big change is happening across the small- to medium-sized business (SMB) landscape, and payments are at its center. Against a backdrop of rapid technological innovation, the payment...
France’s government is reportedly offering small business loans amid rising fuel costs. As Bloomberg News reported Saturday (April 4), the loans of up to $57,600 are for small businesses most exposed to higher fuel prices in agriculture, fishing and transportation. The 36-month loans are limited...
Proposed changes to federal banking regulators’ capital rules would encourage access to small business credit, Federal Reserve Vice Chair for Supervision Michelle Bowman said Tuesday (March 31). In remarks delivered at a Consumer Bankers Association event in San Diego, Bowman highlighted these changes proposed by the Fed and the other federal banking regulators....
For small businesses, access to credit is, in many cases, available. The problem is that many of the products offered do not reflect how those businesses operate. PYMNTS Intelligence, in tandem with Mastercard, found this month that credit cards are evaluated less on borrowing capacity and...
Business payments are poised for modernization as the entrenched position of cash and checks will be whittled down by digital, flexibility methods of small business payments. The February PYMNTS Intelligence report with Mastercard, “Ready for Change: Why Nearly Half of SMBs Want to Ditch Cash...
Goldman Sachs wants U.K. small businesses to embrace artificial intelligence. The banking giant held a gathering last week in Birmingham to instruct small businesses on the dangers of ignoring AI, Bloomberg News reported Saturday (March 28). “We have a situation where global behemoths are swallowing...
Small businesses may be sending a clear signal to card issuers: stop selling access and start selling usefulness. A new PYMNTS Intelligence report suggests many small- to medium-sized businesses (SMBs) already feel confident they can get credit. What they want now are cards that work...
Small- to medium-sized businesses (SMBs) have spent decades navigating a banking system that never quite fit their needs, placed between consumer and commercial segments and rarely the focal point of either. Wendy Cai-Lee, CEO of Piermont Bank, described that dynamic in direct terms. “Every couple...
Worth raised $30 million in a Series A funding round for its platform that helps financial institutions, FinTechs and payment providers onboard and underwrite small and medium-sized businesses (SMBs). The company will use the new funding to refine its existing technology, introduce Know Your Agent...