Small business lending in the U.K. took a major downturn in July, according to new figures, with financing dropping by $900 million in a single month. According to the Federation of Small Businesses’ Head Mike Cherry, the trend is both a reflection of declining demand...
Open APIs are finally making their mark in the financial services space, shifting the approach to everything from product development to security. Some of the most acutely felt disruptions are in corporate banking, a space that traditionally lags behind consumer financial services in terms of...
The alternative lending sphere has fallen out of favor with venture capitalists, according to CNBC reports this week. BlueVine CEO Eyal Lifshitz told the publication that there has been a shift in how alt-lenders get financed, with backers now looking more closely at the “viability...
The cyber insurance market is expected to grow, by a lot. Researchers at PricewaterhouseCoopers predicted in 2015 that the market would hit $7.5 billion in annual premiums by the end of the decade (and at least $5 billion by next year). Get the Full Story...
Accounting software firm MYOB, based in Australia, has released its six-month financial reports, posting $22.4 million in after-tax profits. According to reports, the company’s small business segment attributed to much of that performance. Get the Full Story Complete the form to unlock this article and...
Microsoft Accelerator, which launched in 2012, has so far accelerated 129 startups across 10 cohorts. For its 11th group of startups, however, Microsoft Accelerator has placed the focus on B2B. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives. The Fed first announced Dave Sapenaro as the successor to the role on Thursday (Aug. 24). Get the Full Story Complete the form to unlock this article and enjoy...
A company news message at Irish invoice financing company Aztec Exchange suggests the firm is headed toward liquidation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Six months into her tenure, U.S. Small Business Administration (SBA) head Linda McMahon is speaking up about the state of small and mid-sized businesses (SMBs) in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
