The U.S. Federal Reserve levied a $175 million fine against HSBC on Friday (Sept. 29) for what it dubbed “unsafe and unsound practices” at the financial institution’s (FI) foreign exchange (FX) trading operations, according to news from Reuters. Get the Full Story Complete the form to...
Australia’s Small Business Ombudsman Kate Carnell wants the country to establish a government-backed bank to support small businesses (SMBs), news reports said on Monday (Oct. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The U.S. isn’t the only place where business email scams are threatening the enterprise. New research from RSM, which provides consulting services to middle-market firms, finds that U.K. companies are losing millions of dollars, thanks to what the U.K. market calls “mandate fraud.” Get the...
BusinessCreator, a company designed to help small businesses get started with marketing services, will now enter the SMB financing realm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Seven Stars Cloud Group, a company targeting supply chain solutions for businesses using an Intelligent Industrial Internet platform, said it is readying to launch its Asset-Backed Securitization, Tokenization and Exchange Platform (ABST). Get the Full Story Complete the form to unlock this article and enjoy...
Cloud-based systems were met with heavy skepticism from corporates only a few years ago. That skepticism has largely waned, though, with many organizations taking a hybrid approach to cloud solutions and, eventually, entrusting the cloud to store key information like financial data. Get the Full...
Bank customers and regulators would likely agree: There’s no excuse for a financial institution to accept lackluster cybersecurity measures. But according to a new report from BitSight, that’s exactly what’s happening as FIs work with partners and other third-party service providers. Get the Full Story...
A new generation of entrepreneurs has led to new business models, embrace of FinTech and a slew of other trends among the small business community. But according to one entrepreneur, there’s another phenomenon that’s shaping the SMB landscape in the U.S. Get the Full Story...
