FinTech News
Small Business News
Survey Finds Digital B2B Payments are On the Rise Among Small Businesses
It should come as no surprise that the COVID-19 pandemic has altered the way that many small businesses operate. From enhanced safety and cleaning measures to building out other sales mediums, businesses have been forced to quickly adapt to the changing landscape. It seems that this is also true when it comes to business to business (B2B) transactions, with more companies now looking toward digital solutions. A new survey conducted...
FinTech News
Cross River Bank Reaches Settlement with Colorado Regarding FinTech Partnerships
As regular FinTech sector watchers can tell you, there are a handful of company names that tend to come up again and again when new initiatives and partnerships are announced. Cross River Bank is certainly in this category as the institution is a frequent partner for startups. Now, thanks to their part in a recent suit, the bank may have also just played a role in defining how such partnerships...
Economic News
Labor Department Report Shows States with Highest, Lowest Unemployment
Throughout the current pandemic, it's been clear that some areas of the nation have been harder hit than others. This is not only true in terms of coronavirus cases and deaths but also for economic conditions. With that in mind, let's take a look at this morning's Bureau of Labor Statistics state unemployment report. As previously announced, the national unemployment rate was 10.2% in July. However, the latest data shows...
Personal Finance
College Students Report Increasing Financial Literacy During Current Crisis
It's been said thousands of times by this point but it remains undeniably true: the 2020-2021 school year will be unlike any other. With the COVID-19 pandemic still top of mind for students, parents, teachers, and administrators - schools and campuses across the nation are navigating the best path forward with some opening to limited in-person activity while others remain strictly online for the foreseeable future. Of course, while elementary...
FinTech News
Robinhood Raises Another $200 Million Amid Rapid Growth
Even as the coronavirus pandemic continues to batter the United States economy at large, the stock markets have largely managed to recover. In fact, the S&P 500 reached a record high this week, likely rewarding users who bought during this year's lows. Among these "winners" are users of the free stock trading app Robinhood who famously flocked to the market as it fell. Now it seems that the app itself...
Small Business News
SBA Lowers Interest Rates for 504 Loan Program
Small business owners looking to undergo major projects may now be able to borrow funds at a better rate. Last week, the U.S. Small Business Administration announced updated interest rates for their 504 loan program as offered by Certified Development Companies (CDCs). Now 20-year loans will carry a 2.214% rate while the 25-year option has a 2.269% rate. This marks the lowest these interest rates have been in two years....
FinTech News
