Tag : economy

Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index
Banking Business Economy Fintech News

Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index

Fintech News Desk
by Fintech News Desk0
Improvement in Approvals for Companies Applying for Non-CARES Act Loans The approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May, according to the Biz2Credit Small Business Lending Index™ released . Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership......
Survey: COVID-19, Market Uncertainty Has Financial Advisers Feeling Bearish for the Next Six Months
Economy Fintech Investment Services News

Survey: COVID-19, Market Uncertainty Has Financial Advisers Feeling Bearish for the Next Six Months

Fintech News Desk
by Fintech News Desk0
2020 Trends in Investing Survey also reveals ESG funds gaining popularity among the advisory community COVID-19 is wreaking havoc across the country, especially in the financial markets and economy. With trillions of dollars in assets managed by the financial advisory community in the U.S., it’s logical to explore how financial......
OakNorth Deploys Its Proprietary COVID-19 Credit Framework With One of the Leading Credit Providers to Middle Market Companies
Economy Fintech News

OakNorth Deploys Its Proprietary COVID-19 Credit Framework With One of the Leading Credit Providers to Middle Market Companies

Fintech News Desk
by Fintech News Desk0
OakNorth, the next-generation credit and monitoring platform, announces the signing of a commercial agreement with PNC Bank, one of the leading credit providers to middle market companies across the country. The unprecedented scale and rapid escalation of this crisis has created unimaginable impact on the economy. As a result, commercial lenders......
Moody’s Analytics Forecast: Resurgence of COVID-19 Could Cause Global Economic Depression
Economy Fintech News

Moody’s Analytics Forecast: Resurgence of COVID-19 Could Cause Global Economic Depression

Fintech News Desk
by Fintech News Desk0
According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base case for the US suggests that it will take until mid-decade for the economy to return to full-employment. Mark Zandi, Chief Economist at Moody’s Analytics, describes......
CFA Institute Member Survey Shows Hiring Remains Uncertain
Economy Fintech Investment Services News

CFA Institute Member Survey Shows Hiring Remains Uncertain

Fintech News Desk
by Fintech News Desk0
77% of CFA charterholders report no change to their job, while firms in the financial space adopt a wait-and-see attitude for hiring CFA Institute, the global association of investment management professionals, surveyed its global membership to analyze the effects of the current economic crisis caused by the coronavirus pandemic on......
Ant Group Releases 2020 CSR Report: Digital Technology Can Help Create a Better Future
Economy Fintech News

Ant Group Releases 2020 CSR Report: Digital Technology Can Help Create a Better Future

Fintech News Desk
by Fintech News Desk0
Ant Financial Services Group (“Ant Group”) has released its 2020 Corporate Social Responsibility (CSR) report, detailing its efforts to leverage the power of digital technology to build a better future, particularly as communities across the globe continue to grapple with challenges posed by COVID-19. Read More: Kensho Collaborates with NVIDIA......
CPI Card Group and Oxygen Collaborate on Debit Cards for the Gig Economy
Economy Fintech Mobile Banking News

CPI Card Group and Oxygen Collaborate on Debit Cards for the Gig Economy

Fintech News Desk
by Fintech News Desk0
CPI Card Group, a payment technology company and leading provider of credit, debit and prepaid solutions, announced a collaboration with Oxygen, the first digital banking platform tailored to meet the unique needs of the freelance economy. Oxygen selected CPI to develop its first personal and business debit cards – tapping......
Rapyd Expands Americas Leadership Team, Appoints LeAnne Hoang as Chief Risk and Compliance Officer and Robert MacColl as Head of Network Partnerships
Economy Fintech News

Rapyd To Waive FX and Processing Fees in an Effort to Help Consumers Receiving Payments during COVID-19

Fintech News Desk
by Fintech News Desk0
Rapyd, a global Fintech as a Service company, announced that it will be waiving foreign exchange and processing fees on the first US$100,000 in total processing volume for new businesses in the U.S., Brazil, and Mexico that use the platform.  Rapyd is helping to support businesses by reducing costs, which will allow them to......
Vertical IQ Expands Local Economic Insights to Include More Than 3,100 Counties
Business Economy Fintech News

Vertical IQ Expands Local Economic Insights to Include More Than 3,100 Counties

Fintech News Desk
by Fintech News Desk0
Vertical IQ, a Raleigh-based Industry Intelligence firm that helps thousands of professionals who advise small and medium-sized businesses (SMBs), has upgraded its existing Local Economies data on over 300 metro areas to now include more than 3,100 counties in the U.S. In addition, they have updated the web-based interface with new......
KBRA Releases Research – Coronavirus (COVID-19): Four Forces Shaping Sentiment
Economy Fintech Investment Services News

KBRA Releases Research – Coronavirus (COVID-19): Four Forces Shaping Sentiment

Fintech News Desk
by Fintech News Desk0
Kroll Bond Rating Agency (KBRA) releases a report on four forces shaping investor sentiment toward the coronavirus (COVID-19) pandemic’s impact on credit markets over the near term. Read More: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal The speed at which COVID-19 has impacted......
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