| Apple Card preps installment pay, Grubhub attracts new suitors, What banks can learn from Amazon about digital onboarding | | | Innovation Or Annihilation: The Choice Restaurants Face As Recovery Revs Up The road to recovery for restaurants will be a complicated one that will require new operating procedures to reassure customers that itâs safe to dine out. Thatâs why Stephen DeSousa, CEO of Broadway Hospitality Group, wrote a comprehensive recovery guide for 14 eateries that he owns. DeSousa joined Karen Webster, Ingo CEO Drew Edwards, Planters First Bancorp CEO Dan Speight and Kickfin Co-founder and co-CEO Brian Hassan for a roundtable on PPP and the restaurantsâ road to recovery. |
| Smarter Payments Tracker⢠|
| Fixing The UAE's $46B Remittance Problem For the UAE's expat population, sending remittances back home often means paying exorbitant fees and dealing with glacial processing times. But the use of local switches and remittance-as-a-service is disrupting the status quo, says Rohit Garg, executive vice president at Mashreq Bank. In this monthâs Smarter Payments Tracker, Garg discusses how new tools can simplify cross-border remittances by cutting out the middleman. |
| High Tech Microlending – And Why Chickens Hatch Great ROI Is it time for a 'private' World Bank to serve the microfinancing needs of the unbanked and underbanked populations of people who want to start new businesses and better their lives? Gojo & Co. CEO Taejun Shin tells Karen Webster that a data-driven model, coupled with a deep understanding of what entrepreneurs from Sri Lanka to Japan need,can generate social change and strong returns for investors at the same time. |
| Behind The Euphoric May Jobs Report Are Some Troubling Signs The U.S. economy added a record 2.5 million nonfarm jobs in May, defying experts who had expected the country to actually lose some 8 million jobs for the month. That great headline number was enough to spark a stock-market rally and prompt some pundits to declare the end is near for coronavirus-related economic woes. But dig deeper into the data and some troubling signs hint that the U.S. economy isn’t yet in the clear. |
| | Digital Onboarding Tracker™ | | What Banks Can Learn From Amazon About Digital Onboarding Registrations on mobile-banking apps rose 200 percent in April as the COVID-19 pandemic prompted consumers to turn to remote banking services. But simply enabling consumers to open accounts via mobile devices isnât enough, says Stephen Welling, director of retail banking for Atlanta-based Cadence Bank. To successfully onboard and engage customers, banks must enable an Amazon-like experience, as Welling discusses in PYMNTS' latest Digital Onboarding Tracker. |
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