The world’s largest banks are facing growing pressure among regulators to increase their lending to small businesses, but the demand for SME financial services remains unfulfilled. That gap gives some of the smaller banks and alternative finance player a chance to secure a big segment...
Small business owners, especially those in so-called Generation Z, are reportedly pushing changes to their nation’s banking sector, and not necessarily in the ways one might expect. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Basho, a database and big data company may be charting a smooth path going forward under its new CEO, Adam Wray, according to Forbes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The emergence of mobile, on-demand services like Apple Pay, Uber and Airbnb have largely changed the way their perspective markets do business. But these disruptors have been challenged by regulators cracking down on their sometimes questionable ability to work around certain industry rules. Get the...
Her Majesty Queen Elizabeth II delivered the annual Queen’s Speech Wednesday (May 27) making the launch of a new session for the UK Parliament. MPs gathered Wednesday morning at the House of Lords to hear the reading of the government’s upcoming agenda for the coming...
Kantox, the London-based online currency exchange platform focused on small and medium enterprises, has raised $11 million in Series B financing from a trio of existing investors, TechCrunch reported Wednesday (May 27). Get the Full Story Complete the form to unlock this article and enjoy...
As U.K. lawmakers continue their sweeping investigations, crackdowns and overhauls of the banking industry, small businesses have a lot to gain – and, perhaps a lot to lose – from these legislative efforts. SMEs continue to struggle with late payments by their corporate customers, and...
For several years now, consumer advocates have warned of the practice by some automakers to inflate their mile-per-gallon stats, found to sometimes be much higher than a car’s actual fuel efficiency. A new report is extending similar warnings, but this time it’s to fleet managers....
While the alternative lending industry was largely viewed by regulators and many experts as a niche market, the high-profile IPOs of Lending Club and OnDeck late last year jolted expectations and brought alternative financing players onto the mainstream. Still, regulators have largely decided not to...
