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How Community Financial Institutions Can Regain the Small Business Lending Market

Abrigo

CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market. The data also shows the emergence and success of online lenders, accounting for 20% of business loan applications.

Lending 195
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Amazon: 43 Percent Of Online Sales In 2016

PYMNTS

It’s well known that Amazon has dominated the eCommerce market for years, but a new report shows just how much: Slice Intelligence found that Amazon accounted for 43 percent of all online sales in 2016. According to the report, one company having market share of 40 percent or more was until now unheard of in the retail industry.

Online 100
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Online Grocery Approaches $50B In Online Sales Worldwide

PYMNTS

Online grocers are growing at a much faster rate than traditional brick-and-mortar grocers, according to a new report. percent in the past fiscal year, compared to a 15 percent growth in online grocery sales. Of the total worldwide grocery market, online sales now make up 4.4 online grocery sales only account for about 1.4

Online 181
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Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens

PYMNTS

But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. At a high level, noted the Federal Reserve, between 2016 and 2019, real gross domestic product grew at an annual 2.5 Between 2016 and 2019, the proportion of all families that saved increased from 55 percent to 59 percent.

Survey 131
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Payments 2016: The Year Of Online And In-Store Convergence Via Mobile

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Online And In-Store Convergence Via Mobile. In 2016, we saw the first significant change in that dynamic.

Mobile 125
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1010data Report Shows Consumer Packaged Online Goods Hit $10B In 2016

PYMNTS

To show how much eCommerce has impacted shopping, 1010data released its 2016 Online Consumer Packaged Goods (CPG) Industry Report this week. These items sold two times as fast as the total amount of eCommerce sales, which may in part be due to more online retailers providing a two-day delivery option to help expedite growth.

Online 100
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The Antiques Market Bids Heavy On eCommerce

PYMNTS

If there’s any industry that has been slow to transition online, it’s antiques. Two recent moves from leading arts and antique dealers are leading a trend toward online arts and antique buying. Now we’re going to take a smaller storefront and concentrate more online. We’re finally knocking down the barriers online.”.

Marketing 151