Boosting SMB Loan Approval Rates with Artificial Intelligence

Financial institutions are investing in small business lending technology as AI presents an opportunity to boost approval rates.  In the fourth quarter of 2024, fewer than half of small business loan applications in the United States were approved, according to Statista.  “Despite the fact that a lot of things have improved with technology, small business […]

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5 Reasons Why the UAE Might Break OPEC in 2025

We find that the Emiratis are flouting the cartel’s rules on a grand scale

What Follows After the Fall of a Global Hegemon

Why economists are turning to a 50-year-old book on the Depression

Huntington Bank Resolves Technical Outage Affecting Customers

Huntington Bank has been experiencing transaction processing delays.  A spokesperson at the $210 billion bank told Bank Automation News: “Due to a processing issue, some Huntington Bank customers may have experienced issues accessing account information and delays in the processing of certain transactions. The issue has been resolved.”  Bank customers reported outages via real-time outage […]

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How SMBs in Tech-Forward Cities Are Leveraging AI for Growth

Small businesses in tech-forward cities are rapidly adopting AI to streamline operations and regain their most valuable resource — time. Forty percent of SMBs in Boston and San Diego have adopted AI tools, according to a Chase report published May 5 in conjunction with National Small Business Week, which runs from May 4 through May […]

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Fiserv, Global Payments, and FIS Drive Growth Through M&A Strategy

Global Payments, FIS and Fiserv saw gains in the first quarter, driven by strategic acquisitions and expanded payments solutions. Tech provider Q1 earnings Global Payments expands with Worldpay Payments solutions provider Global Payments today posted $2.2 billion in adjusted net revenues, up 1% from Q1 2024. Global Payments reported: $1.7 billion in Merchant Solutions revenues, […]

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Fiserv Resolves Major Data Center Outage Affecting Financial Services

Fiserv’s network issues are resolved following Friday’s outage, which stemmed from a planned network enhancement at one of its data centers.  The data center glitch affected peer-to-peer payment provider Zelle’s transactions during the outage.   “On Friday morning, we experienced an internal issue that temporarily disrupted service,” Fiserv told Bank Automation News. “The issue was fully […]

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Auto Aftermarket Sees Rising Demand for Buy Now, Pay Later Services

As President Donald Trump’s tariffs start to take effect, the auto industry is slashing its outlook for the year and experts anticipate existing car owners will look to buy now, pay later options to finance aftermarket vehicle products like accessories and services costs amid an uncertain economic environment. “As tariff tensions continue to disrupt the […]

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7 Reasons American Tech Stocks Are at Risk in 2025

Recent market turbulence has exposed uncomfortable weaknesses

Why Americans and Brits Are Leading the Remote Work Resistance

What is their love of working from home doing to their economies?

What Happens if King Dollar Falls

Even though they normally like a weaker greenback

How U.S. Power Depends on the Dollar

As the Trump administration may soon find out

How Trump Could Weaken the Dollar

For the first time in many decades, the greenback looks vulnerable

Trump’s Tariff Strategy: Short-Term Pain or Long-Term Gain?

America will be a country with shabbier roads, older airports and more dated factories

A flight from the dollar could wreck America’s finances

The currency’s dominance enables very high debts and deficits, meaning a plunge might spell disaster

Investors Realize Trump’s Pause Wasn’t the Answer

As China strikes back, reality sets in

Can China Stand Alone Against America?

The world’s two biggest economies begin an almighty trade clash

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