Chinese regulators are hoping to give a boost to small business (SMBs) lending by telling banks to cut interest rates for SMB borrowers, according to reports in Reuters on Monday (July 9). Two unnamed sources said that regulators have told banks to “significantly cut” lending...
Mastercard and EU FinTech Strands are collaborating on a cash management and corporate payments platform for banks, designed to address small business (SMB) needs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The U.K.’s Open Banking regulation made waves in the financial services market, and those effects have been felt far beyond the U.K.’s — and even Europe’s — borders. Six months after the legislation took effect, the market is finally beginning to iron out the kinks...
Saxo Bank has divested its global B2B payments solution Banking Circle, according to a Monday (July 9) press release. 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...
A glitch in the infrastructure of the U.K.’s Faster Payments system has caused a backlog of transactions still waiting to clear hours later, according to BBC reports from Monday (July 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
U.K. bank Santander is hoping to bridge local small businesses to the Chinese market, and is kicking off a series of networking events that bring entrepreneurs to Shanghai. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In a sign of strength for the U.S. economy, banks are reporting that business loans are on the rise. According to The Wall Street Journal, preliminary second-quarter data from the Federal Reserve indicates that the year-over-year growth rate of business loans rose to 5.5 percent...
The latest jobs report by the U.S. Department of Labor signaled a healthy employment environment for June as 213,000 positions were added in the month, surpassing earlier expectations. Analysts noted an upward revision of job gains in April and May, too. Get the Full Story...
For a few years now, the procurement department has earned rising attention for its potential to become a strategic component of the enterprise — not simply one that spends company money. There is no single path to building up that strategic role, however. Get the...
