Digital lending is at a crossroads as financial institutions and banks grapple with modernizing their loan processes, revealing a significant divide between readiness for consumers and small businesses. A recent PYMNTS Intelligence report, “The State of Digital Lending Readiness,” shed light on the varying degrees...
PayPal said Wednesday (March 26) that it has passed $30 billion in global loan originations for small businesses since launching its first merchant lending solution in 2013. Over that time, the company has extended more than 1.4 million loans to more than 420,000 business accounts...
When financial pressure hits America’s consumers, it pushes them into “paycheck-to-paycheck“ mode. When it hits the mid-market, it’s called “business uncertainty.” When it hits small- to medium-sized businesses (SMBs), it’s called liquidity trouble. With the whispers starting to get louder about SMB health, that liquidity...
Metro Bank has launched a partnership with Covecta, an artificial intelligence (AI) platform for financial services. The collaboration, announced Tuesday (March 18), will deploy Covecta’s third-party agentic AI solution across Metro’s corporate and commercial credit businesses. That solution, the British lender said in a news...
April 08, 2025
When the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars. As the Trump administration’s global tariffs send shock waves through stock markets and prompt fears of a recession, businesses across America may be in store for particularly acute pain. While large companies typically have financial safety nets through retained […]
April 03, 2025
Digital lending is at a crossroads as financial institutions and banks grapple with modernizing their loan processes, revealing a significant divide between readiness for consumers and small businesses. A recent...
March 18, 2025
When financial pressure hits America’s consumers, it pushes them into “paycheck-to-paycheck“ mode. When it hits the mid-market, it’s called “business uncertainty.” When it hits small- to medium-sized businesses (SMBs), it’s...
June 19, 2024
We’re roughly at the midpoint of 2024, and the midpoint is a good time to take stock of where we’ve been and what lies ahead. For the Main Street small...
March 26, 2025
PayPal said Wednesday (March 26) that it has passed $30 billion in global loan originations for small businesses since launching its first merchant lending solution in 2013. Over that time, the company has extended more than 1.4 million loans to more than 420,000 business accounts globally, the company said in a Wednesday press release emailed […]
March 17, 2025
Metro Bank has launched a partnership with Covecta, an artificial intelligence (AI) platform for financial services. The collaboration, announced Tuesday (March 18), will deploy Covecta’s third-party agentic AI solution across...
March 04, 2025
The Federal Trade Commission (FTC) said Tuesday (March 4) that a court granted its motion for a preliminary injunction against Seek Capital and its founder and CEO, Roy Ferman. The preliminary injunction, which was...
February 28, 2025
ShipBob now offers the users of its global supply chain and fulfillment platform for eCommerce merchants access to a new financing program. The new financing program, ShipBob Capital, is powered by JPMorgan-backed Slope and...
