Search Results for: COVID-19 crisis

Paysafe: Diversifying Payment Offerings Crucial to Future of North American In-Store SMBs
Fintech Mobile Banking News

Paysafe Group Research: COVID-19 Spurs Growth In Digital Money Transfers In U.S.

Fintech News Desk
by Fintech News Desk0
Over a third (38%) of U.S. consumers are using digital wallets to transfer money to friends and family; over a half (56%) of Americans reducing future cash usage(Paysafe ) COVID-19 forced many of people to make major adjustments to the way they live, work, and communicate. This inevitably has also affected......
KBC Bank Chooses Finastra for Libor Transition
Banking Fintech News

New Survey from Kasasa Reveals Consumer Banking Plans as COVID-19 Pandemic Continues

Fintech News Desk
by Fintech News Desk0
A new consumer survey commissioned by Kasasa® revealed how consumers’ plans for banking will unfold in the next 30 days as the pandemic continues. The July 2020 study was conducted online by The Harris Poll on behalf of Kasasa, garnering responses from 1,040 U.S. adults ages 18 and older. Read More: Huobi Introduces......
Citizens Deepens Point-of-Sale Financing Offering with Launch of Citizens Pay
Banking News

Citizens Business Conditions Index™ Shows Surprising Stability in Second Quarter as Stimulus and Reopenings Ease Economic Impact of COVID-19 Pandemic

Fintech News Desk
by Fintech News Desk0
The second quarter of 2020 began with many businesses reeling from the shutdown of the global economy caused by the COVID-19 pandemic. Most economic indicators posted disastrous results while the U.S. government and Federal Reserve rushed to enact legislation or policies to soften some of the worst impacts of the......
Business Fintech News

U.S. Banks Face Up to US$320 Billion in Credit Write-offs in 2020 Due to COVID-19, Accenture Report Finds

Fintech News Desk
by Fintech News Desk0
Banks ramp up credit management capabilities to help support small businesses and consumers weather the financial impact of the global pandemic As many countries across the globe shift from public-led stimulus to private-led debt to reduce the impact of COVID-19 on the financial system, the burden to keep the economy......
Fintech Funding News

The COVID-19 Pandemic Has Motivated A Majority Of Americans To Save Money For The Future

Fintech News Desk
by Fintech News Desk0
Despite economic challenges, more Americans are likely to save for the future after the global health crisis passes, according to a new survey from DailyPay and Funding Our Future The devastating effects of the COVID-19 pandemic have motivated a majority of Americans to save money for the future, according to......
Artificial Intelligence Fintech News

Camino Financial Raises Debt Funding to Support Latinx-and Undocumented-Owned Businesses Impacted by COVID-19

Fintech News Desk
by Fintech News Desk0
The debt funding forms part of a broader Fintech COVID-19 Response Initiative led by impact investment fund Community Investment Management. Camino Financial, a Fintech that provides affordable loans to small businesses, announced raising debt funding to lend to underserved Latinx- and Undocumented-owned businesses in Colorado.  The debt funding will come......
Investment Services News

CAPCIL Receives SBB Research Group Grant to Help Those in Crisis

Fintech News Desk
by Fintech News Desk0
The Community Action Partnership of Central Illinois (CAPCIL) has received an unrestricted $5,000 grant from SBB Research Group, a Chicago-area investment firm that recently launched a monthly grant program supporting impactful nonprofits during the COVID-19 pandemic. Read More: New Search Fund Model of Private Equity for Small Business Acquisitions “to empower persons......
Business News

European Private Equity Activity Drops Sharply in Q2 2020 Amid COVID-19 Uncertainty

Fintech News Desk
by Fintech News Desk0
PitchBook, the premier data provider for the private and public equity markets, today released its Q2 2020 European Private Equity Breakdown, which found European private equity (PE) deals and fundraising sharply declined through the first half of the year. As the COVID-19 crisis unfolded, lenders concentrated on existing loans, sellers tabled......
New Research Reveals COVID-19 Has Increased Cyber and Financial Risks as Security Teams Reduce Staff
Fintech News Risk Management

New Research Reveals COVID-19 Has Increased Cyber and Financial Risks as Security Teams Reduce Staff

Fintech News Desk
by Fintech News Desk0
Cyberthreats and loss of revenue rise as employees work from home, even as furloughs and job redundancy threaten to shrink the security workforce Exabeam, the Smarter SIEM™ company, today released new research that identified initial impacts of the COVID-19 pandemic on security teams. The report suggests increases in both cyber......
New Report from Corinium and FICO Signals Increased Demand for Artificial Intelligence in the Age of COVID-19
Artificial Intelligence Big Data Fintech News

New Report from Corinium and FICO Signals Increased Demand for Artificial Intelligence in the Age of COVID-19

Fintech News Desk
by Fintech News Desk0
FICO, a global analytics software firm, released  a new report from the market intelligence firm Corinium that found the demand for artificial intelligence (AI), data, and digital tools is soaring as the COVID-19 pandemic continues to put a strain on many enterprises. Read More: GlobalFintechSeries Interview with Ashish Singhal, CEO and Co-Founder......
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