| Merchant Cash Advance Firms In NY AGâs Crosshairs The NY AG is looking into how state courts are a weapon against small business (SMB) owners, who sign documents that allow merchant cash advance firms to do far more than charge exorbitant rates. Through confessions of judgement, these less-than-scrupulous lenders can drain bank accounts and force SMBs to shutter. |
| India's SMBs Rebound As Demonetization Dust Settles The blowback from India's sudden demonetization has been felt hard by the nation's small business community. However, the latest research and analysis from American Express and Oxford Economics suggests SMBs have quickly bounced back, with entrepreneurs taking a "back to basics" approach to growth â while throwing some technological innovation into the mix, too. |
| | Cybersecurity | | The Security Threat Of Bank-FinTech Collaboration Open banking initiatives and banks' eagerness to work with FinTech firms are driving financial services innovation. However, CyberGRX Chief Financial Officer Jonathan Simkins warns that this data-sharing trend is also heightening the industryâs exposure to third-party cyber risks. Itâs a threat that not all businesses understand, he tells PYMNTS, but the consequences can be significant â just ask Atrium Health or T-Mobile. |
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