Tagged: pandemic

October 7, 2021 @ 2:25 pm By Tony Zerucha  |  

Latino-owned businesses have shown signs of strength in the current economy, but they have also suffered, findings from the annual Biz2Credit Latino-Owned Business Study show. At $258,251, the average annual revenue for Latino-owned businesses in 2020-21 was $82,535 lower than their revenues the previous year… Read More

September 12, 2021 @ 10:27 am By Tony Zerucha  |  

Fraud prevention company SEON is partnering with GBG APAC, a digital identity services provider, to strengthen online fraud prevention for banks, Fintechs, and digital banks across the Asia Pacific region. SEON’s technology is fully integrated into the GBG Intelligence Centre and the alliance will combine… Read More

August 5, 2021 @ 5:42 pm By Tony Zerucha  |  

Accounts payable and payment automation solutions provider MineralTree’s sixth annual State of Accounts Payable (AP) report details some of the effects the COVID-19 pandemic has had on business. COVID-19, remote work mandates, and supply chain dependencies all helped accelerate the digitization of businesses, especially in… Read More

July 27, 2021 @ 10:25 pm By Tony Zerucha  |  

Asian virtual event management company EventX has closed a US$10 million Series B funding co-led by HTC, a virtual reality (VR) company, and Gaocheng Capital, a Chinese private equity fund focused on enterprise software and technology-enabled services sectors. EventX supports in-country and cross-border events with… Read More

July 14, 2021 @ 12:31 am By Tony Zerucha  |  

Following a brief pandemic-induced decline, Israel’s card payment market is set to resume its growth trajectory, a new report from GlobalData finds. Israel’s government actively promotes electronic payments through legislation such as a cap on cash transactions and reduced interchange fees. “Robust e-commerce growth, and… Read More

July 13, 2021 @ 10:26 pm By Tony Zerucha  |  

The COVID-19 pandemic helped drive further growth in India’s e-commerce sector, new research from GlobalData shows. According to the firm’s E-Commerce Analytics, e-commerce payments in the country grew by 12.2 percent in 2020 and should reach $61.5 billion this year. Between now and 2025 sales… Read More

June 29, 2021 @ 7:00 am By Tony Zerucha  |  

Close to two out of three banking executives believe branch banking will be dead by 2026, a new report published this week by Temenos suggests. Produced by the Economist Intelligence Unit, Branching out: can banks move from city centres to digital ecosystems? Includes a survey of 305… Read More

May 19, 2021 @ 2:23 pm By Samantha Hurst  |  

    Singapore-based global cryptocurrency exchange KuCoin announced on Wednesday it has teamed up with Cashaa, a blockchain-based financial platform, to combat the COVID-19 crisis in India. KuCoin reported that as part of its charity initiative in India, the crypto platform has pledged ₹2 million worth… Read More

May 10, 2021 @ 2:06 pm By Samantha Hurst  |  

      Payment processing and global retail banking platform Klarna announced on Monday it has launched a small business impact initiative to help small and medium-sized enterprises (SMEs) recover from the COVID-19 pandemic. Klarna reported it is donating $4.5 million in free services to SMEs… Read More

May 10, 2021 @ 1:02 pm By Samantha Hurst  |  

  Digital bank Revolut announced on Monday it is temporarily waiving fees on cross-border remittance payments made to India, following the country’s latest surge in COVID-19 cases. As of this weekend, India has more than 400,000 COVID-19 cases and 7-day average of deaths more than 3,700. … Read More

April 30, 2021 @ 1:24 pm By Samantha Hurst  |  

UK-based digital banking solution goHenry announced earlier this week the release of its annual U.S. Youth Economy Report, which revealed how the past year has transformed the money habits of Gen Z and Gen Alpha. According to the report, American kids and teenagers earned an impressive $27.2 billion… Read More

February 26, 2021 @ 9:30 pm By Samantha Hurst  |  

  Biz2Credit announced earlier this week it supports Biden-Harris Administration’s changes to the Paycheck Protection Program (PPP). The company claims that the changes will promote more equitable access to funding for small businesses in need of funding during the COVID-19 pandemic. Biz2Credit further revealed it has… Read More

February 22, 2021 @ 12:44 pm By Samantha Hurst  |  

BBVA announced on Monday it achieved a record number of new customer growth in 2020, despite the COVID-19 pandemic. BBVA reported that it added a total of 7.3 million new customers worldwide, of which 2.4 million became BBVA customers through the app or the web. According… Read More

February 14, 2021 @ 10:42 pm By Samantha Hurst  |  

  UK-based challenger bank Tide recently announced its Tide Charity has donated £175,000 to small businesses that have been impacted by the COVID-19 pandemic. According to Tide, the charity launched in November 2020 in partnership with the Daily Mail, Karren Brady, and The Federation of Small Businesses. Its mission is… Read More

January 27, 2021 @ 11:30 am By Samantha Hurst  |  

  Vlad Tenev, the CEO of modern trading platform Robinhood, sat down with Andrew Ross Sorkin to discuss how he thinks markets will be affected post the COVID-19 pandemic. The discussion notably happened amid retail investors piling into equities at a rapid rate in the… Read More

January 22, 2021 @ 2:50 pm By Samantha Hurst  |  

  Digital-only bank platform N26 announced on Thursday that it has expanded Allianz Assistance travel insurance benefit packages for premium N26 You, N26 Business You, N26 Metal or N26 Business Metal customers to include epidemic and pandemic coverage for your travels, at no extra cost…. Read More

December 29, 2020 @ 9:27 am By Samantha Hurst  |  

Biz2Credit announced on Tuesday it has opened applications for anew round of Paycheck Protection Program (PPP) loans.  The PPP is part of the $2 trillion CARES Act signed on March 27, 2020, aimed at getting small business owners back on their feet and millions of Americans… Read More

December 29, 2020 @ 8:22 am By Samantha Hurst  |  

  Online lending platform Lendio announced on Tuesday it has relaunched its online application for small business owners to access the government funds that are set aside for additional Paycheck Protection Program (PPP) loans. As previously reported, the PPP is part of the $2 trillion… Read More

December 14, 2020 @ 9:43 am By Samantha Hurst  |  

Biz2Credit has teamed up with the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com to recommend that small businesses and CPA firms should be readying for a new round of Paycheck Protection Program (PPP) relief funds. Biz2Credit reported that during the initial… Read More

November 12, 2020 @ 9:53 am By Samantha Hurst  |  

  WalletFi, a U.S.-based data and analytics platform for community banks, credit unions, and fintechs, announced on Thursday it has teamed up with BankFirst Financial Services to provide customers of the bank with enhanced visibility into their recurring payments. The company is hoping that the… Read More