U.K. challenger bank Cashplus is the latest to apply for a share of the approximately $1 billion fund set aside by RBS to promote competition in the small business banking space. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). The firms revealed plans to pool their resources and industry expertise to broaden small business lending operations and...
UBS shed light this week on a persistent challenge in the traditional financial services industry. 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 our daily newsletter,...
IBM and Maersk see more shipping firms on board with the consortium for the TradeLens blockchain-based shipping solution. Elsewhere, Honeywell is leveraging blockchain to track aircraft components.
FinTech firms that provide workers with wages on demand (i.e., before payday) emerged with the cash flow challenges of low-wage, hourly workers in mind. Yet, in the U.K., rising costs of payroll administration, intensifying compliance requirements and complex tax rules have led companies of all...
Mastercard is rolling out a commercial card product designed for small businesses across Asia Pacific in a new collaboration with United Overseas Bank (UOB), an announcement Tuesday (May 28) said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A group of U.K. financial institutions are signing a voluntary code to refund consumer and small business victims for fraud schemes, the BBC reported on Tuesday (May 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Driving efficiency in accounts payable (AP) can stem from an array of efforts. Adopting electronic payments and getting rid of paper checks is certainly one way to boost AP efficiency. In addition, adopting a digital accounts payable platform can streamline operations, as well as open...
The Federal Trade Commission has launched an investigation into the merchant cash advance industry just days after FTC Commissioner Rohit Chopra called on the watchdog to tackle unfair small business lending practices. Get the Full Story Complete the form to unlock this article and enjoy...
