Cuba has reportedly banned its small businesses from using U.S. bank accounts, just weeks after the Biden administration allowed Cubans to use the banking system. Havana’s decision comes at a time when the country is having its worst economic crisis since the collapse of the...
Sage and Stripe have partnered to help improve cashflow management and payment processing for small- to medium-sized businesses (SMBs). Stripe’s financial infrastructure platform for businesses will be integrated into Sage’s solutions for SMBs, providing Sage customers with more ways to pay and get paid, the companies said...
Embedded lending promises users convenient, streamlined access to financing for specific expenses from within merchant, business and other platforms. PYMNTS Intelligence finds that embedded lending isn’t fully living up to the promise yet. Nonetheless, many individuals, microbusinesses and small businesses (MSBs) use it. In fact,...
When it comes to the business landscape, more money commonly equals, or creates, more opportunities. And with the news that the Small Business Administration (SBA) has started soliciting insights on a new pilot program within the 7(a) Loan Program designed to support small and medium-sized businesses (SMBs), putting...
Global data platform 9Spokes has launched a new product designed to give small- medium-sized businesses (SMBs) automated, predictive cashflow management and forecasting capabilities. The new Cashflow product is designed for integration within financial organizations’ digital platforms and is now available to financial institutions and FinTech firms...
FIS launched a solution designed to help banks source, underwrite and fund loans to small- to medium-sized businesses (SMBs). The new SMB Digital Lending solution was created in partnership with small business financial solutions technology platform Lendio, FIS said in a Tuesday (July 16) press...
Embedded lending can help microbusinesses and small businesses grow and maintain smooth operations despite unstable cash flows. However, PYMNTS Intelligence’s latest study finds that relatively few microbusinesses and small businesses currently take advantage of this lending solution. In fact, fewer than one in five respondents...
The British Business Bank, the U.K. government’s economic development bank, has launched a new program designed to support access to finance for smaller U.K. businesses. The Growth Guarantee Scheme, which replaces the Recovery Loan Scheme, is expected to support about 11,000 such businesses through March 31, 2026,...
The growing importance of seamless, customer-centric financial solutions has transformed today’s digital economy. And innovations like embedded lending have revolutionized the financial services ecosystem by increasingly placing small and medium-sized businesses (SMBs) at the center of this transformative shift. In the new, emerging financial services...
