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The right borrowing tools can have a big impact on small businesses’ future growth prospects.
That’s because small and medium-sized businesses (SMBs) commonly face a number of challenges related to their cash availability, including limited capital, seasonal fluctuations and the need for expansion or investment in new opportunities.
And while revenue levels and generational outlooks play a...
The concept of open banking has gained global traction as part of the digital disruption of finance that has transpired over the past decade. In many ways, it represents a resolution of the bank-FinTech battle that began when the first digital challengers arose on the financial scene, looking to compete on a level with large incumbent banks. The premise of open banking is to encourage this...
Advancements in healthcare — and especially new drug and treatment protocols — hinge on clinical trials.
Sayantan Chakraborty, global co-head of treasury services payments at J.P. Morgan Payments, and Winny Li, group treasurer at pharma firm PPD, part of Thermo Fisher Scientific, told Karen Webster that the consumerization of healthcare is making inroads into research studies.
And it turns out...
As on-demand delivery aggregators look to automation to reduce labor costs, Uber sees the opportunity to roll out autonomous sidewalk robots in dense cities worldwide — but only for certain kinds of orders.
In an interview with PYMNTS, Noah Zych, Uber’s global head of autonomous mobility and delivery, spoke to the company’s recent partnership with Mitsubishi Electric and Cartken, announced via...
Smaller restaurant brands are increasingly adopting digital solutions to optimize their operations.
Restaurant technology provider Olo reported Wednesday (Feb. 21) that the “emerging enterprise segment,” which it defines as brands with five to 99 locations, has become a “meaningful contributor” to the company’s growth.
“Emerging enterprise has become a meaningful contributor to location count...
Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial.
Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the deal, citing concerns about the concentration of economic power in the hands of megabanks, Reuters reported Wednesday.
If the merger were to go through,...
The Walt Disney Company has announced the 2024 participant companies chosen in the 10th year of the Disney Accelerator program.
This program is designed to accelerate the growth of innovative companies from around the world, focusing on exploring how emerging technologies can be used to foster human creativity and imagination, the company said in a Wednesday (Feb. 21) press release.
The five...
Regions Financial is shortening the tenors of certificates of deposits (CDs).
This is part of an effort by the bank to manage deposit costs in preparation for the Federal Reserve to start cutting interest rates, Seeking Alpha reported Wednesday (Feb. 21), citing comments made by Regions Financial Chief Financial Officer David Turner.
Speaking Wednesday at the Bank of America Financial Services...
JPMorgan Chase is facing a lawsuit over fees for deposited checks that bounce.
In a lawsuit filed Wednesday (Feb. 21) against JPMorgan Chase, five customers accused the bank of unfairly charging fees for depositing checks that later bounced, Reuters reported Wednesday.
The customers claimed that Chase charged them $12 for “deposited item returned fees” when checks they deposited were returned...
The recent artificial intelligence (AI) boom is no game for $1.67 trillion chipmaker NVIDIA.
But just five years ago, the company — which invented GPUs — was focused on graphics cards designed to make video games and other applications run faster.
Now, NVIDIA is one of the top five most valuable public companies in the world by market capitalization, and at the center of a generative AI...