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Definition Of ‘Small Business’ Left Uncertain Amid Aussie Bank Reforms

PYMNTS

Australia’s banking industry continues to address misconduct at the largest of the nation’s institutions, with small business banking at the center of many of the regulatory efforts. The current definition of a small business by the banks is a company with loan exposure of up to AUS$3 million ($2.15

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Rewriting Definitions For A Digitizing Landscape

PYMNTS

percent: Share of national bank customers who believe a bank has to offer loans to be a bank. But they’re all hard to answer – and the need to find those answers is becoming increasingly pressing. Data: 99 percent: Portion of consumers who define a bank as a place to hold, access and borrow money if needed.

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National Funding Explores AltFin’s Uncertain Growth Trajectory

PYMNTS

However, Dave Gilbert, founder and chief executive officer of SMB alternative lending firm National Funding , said he’s seen a trend of growing traction within the small business community. In its report, S&P found nearly 50 percent of SMB borrowers are too unfamiliar with digital lenders to use alternative finance. In the U.S.,

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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

Perficient

I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. BB: Definitely coffee. I developed the sites for Dawson’s Creek and 7th Heaven. BB: 19 years.

Industry 539
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UN Blockchain Expert Says Digital Cash Could Replace Bank Accounts

PYMNTS

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports.

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55-Plus Group Lends Optimism To Travel Operators

PYMNTS

Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020. The vaccine is definitely part of it,” said the chief executive, Henrik Kjellberg.

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Outdoorsy Makes Happy Campers Out Of RV Owners And Renters

PYMNTS

Outdoorsy definitely resembles Airbnb , with favorite destinations, specialty vehicles (such as refurbished VW microbuses ) and lots of host profiles and travel pictures. There is no Airbnb in Grand Canyon National Park. Like Airbnb, Only Different. And yet, Cavins said, they’re totally different. There is no Hilton in Yosemite.