Small and mid-size businesses (SMBs) have traditionally been defined by their uphill battle to access credit. Approval odds were uncertain, and lenders could make or break an enterprise’s ability to grow, leading small firms to routinely turn to personal cards to fill funding gaps. But...
Santander’s exposure to companies owned by First Brands Group founder Patrick James has reportedly grown to $300 million. The increase was caused by James defaulting on a loan he took out to buy a French car parts group, The Wall Street Journal (WSJ) reported Wednesday...
Working capital, pulsing through receivables, payables and inventory, has always been the bloodstream of enterprise health. For generations, CFOs managed that flow through experience and judgment, aided by rows of spreadsheets and late-night reconciliations. Now, artificial intelligence (AI) is rewiring the circulatory system itself, turning...
Credit reporting agency Experian introduced its “Credit + Cashflow Score” offering. The new model, the first of its kind, combines Experian’s credit, alternative and trended data, and consumer-permissioned banking information into a singular score, according to a Monday (Nov. 10) press release. Combining Experian’s data...
Affirm has gained off-balance sheet funding from New York Life that can support $1.75 billion in consumer loan volume per year. This support is enabled by an agreement in which New York Life will purchase Affirm’s installment loans on a forward-flow basis from now to...
The surprise in the 2024-2025 Growth Corporates Working Capital Index isn’t that companies managed their cash better. It’s that they used that discipline to repair the fragile web of global commerce. This year’s report finds that as CFOs and treasurers gained new control over liquidity, suppliers...
Watch more: Visa WCI: JOOR, Rich Rein Retailers and suppliers are finding that the key to unlocking millions in savings lies in how they manage working capital. According to PYMNTS Intelligence commissioned by Visa, 4 in 5 CFOs and treasurers studied for the 2025/2026 Working...
When finance teams finally pry open locked-up cash through external working capital solutions, the biggest question isn’t how much they’ve saved. It’s what happens next. And according to findings from the 2025/2026 Growth Corporates Working Capital Index, a Visa report in collaboration with PYMNTS Intelligence, there are two clear...
Car payments are becoming a hurdle for a growing number of lower-income Americans. That’s according to a report Monday (Oct. 20) by The New York Times, citing data from Fitch Ratings. Those figures show that the share of subprime auto loans that were 60 days or more past...