Industry News - April 2, 2019
April 2, 2019
Award-winning filmmaker Stanley Nelson’s documentary, Boss: The Black Experience in Business, chronicles the untold story of African American entrepreneurship. The film highlights legendary business leaders like Madam C.J. Walker as well as modern-day icons like Richelieu Dennis.
Source: Black Enterprise
Investors’ appetite for alternative lending startups is on the wane, despite growth in FinTech funding. As VCs focus on late-stage investment, market newcomers struggle to secure funding in a crowded market.
The Apple Card is likely to put more competitive pressure on branded credit card issuers. It’s also likely a threat to fintech companies and regional banks, especially if it goes after consumer deposits.
Digital disruption has changed the way we do almost everything — including how we share and spend money. Small business borrowers don’t expect transactions or payments anymore; they expect experiences that are faster and easier.
Source: Payments Source
Trade groups are gravely concerned that the president’s FY2020 budget proposes to eliminate funding for the CDFI Fund’s programs, especially when they are oversubscribed.
Source: ABA Banking Journal
May 7, 2019
Industry News -
The Ultimate National Small Business Week 2019 Events Calendar : With so many events, promotions, and deals to be had, the Big List of National Small Business Week is designed to help you find what is taking place across the country.