Fed eyes bank consolidation impact on SMBs, Australian government hit by cyberattack and SoftBank plans EU tech investments
| | | | BUSINESS TO BUSINESS EDITION | | SoftBank, Abu Dhabi Plan To Pump Money Into New European Tech SoftBank will reportedly invest its new $200 million funding in Mubadala, the state investment company of Abu Dhabi â only the latest investment move related to digital for the Japan-based bank. The news comes as concern builds about young companies spending too much and not holding enough capital, and as worries about the global economy increase. |
| Fed Chairman Concerned Over Shrinking Bank Market The U.S. banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is also warning that it could hinder small businesses' access to capital and financial services. |
| | AR | | Why Faster Payments Isn't The Answer To Accounts Receivable Delays As cash management and accounts receivable firm Rimilia expands beyond the U.K. into the U.S., it's taking lessons from Europe's faster payments journey with it. One of the biggest revelations, says the firm's Co-founder and Chief Commercial Officer Steve Richardson, is faster payments' inability to accelerate B2B transactions. He explains to PYMNTS why, pointing to remittance data as the key. |
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