IPOs on deck as market reopens, Fundbox CEO on landing new growth capital, What banking’s wave three might look like

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

May 26, 2020

Virtual Fireside Chat

What Banking’s 'Wave Three' Might Look Like

Daniel Eckert, Green Dot’s executive vice president and chief product, strategy and development officer, told Karen Webster that financial services has seen two big waves of change over the last decade and is on its way to a third. Wave One was the analog prepaid card for the un- and underserved, Wave Two was the rise of digital challenger banks. Wave Three? Eckert says that’s about presenting banking services in context. Here’s what that means.

 

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PODCAST: Alt Credit

Fundbox CEO On Landing Growth Capital And Fixing The Net Terms Economy

The rise of the ‘net-terms’ economy has locked up $3.1 trillion in receivables in the U.S. B2B arena and can spell trouble for SMBs struggling amid the pandemic. Fresh off a funding round, Eyal Shinar, Fundbox’s founder and CEO, explains how real-time data access, machine learning and automated credit management can give SMBs the cash flow lifeline they need while managing credit risk.

 

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LIVE Virtual Roundtable

Why The Food Industry Has To Change What It Brings To The Dining Table

Serving up success has become particularly challenging for restaurants and grocery stores recently — Scott Boatwright, chief restaurant officer at Chipotle; Alan Johnson, president and CEO at Potbelly; Andrew Robbins, CEO and co-founder at Paytronix Systems and John Ross, president and CEO at IGA told Karen Webster as the group gathered to digitally discuss the state of the food industry today last week. Here’s what they said is on the menu of solutions and possible outcomes.

 

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Intelligence Of Things Tracker™

Smart Cities Can Emerge Stronger From The Pandemic

Experts think that far from a bad economy slowing down smart-city investments, the need to prepare for the next crisis will promote even faster infrastructure upgrades. In the latest Intelligence of Things Tracker, Michael Lotfy, senior vice president of smart-buildings solutions for global electrical-technology company ABB, explains how smart-city systems and 5G can help communities weather today’s crisis — and emerge even more resilient than before.

 

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Artificial Intelligence

How AI Can Help Banks Decide Which Struggling Borrowers Deserve Help

Banks have frozen at least $150 billion of loans amid the pandemic, but what happens when the freeze thaws and lenders try to get paid? Co-founders Tiffany Kaminsky and Hanif Joshaghani of digital-engagement platform Symend tell PYMNTS how artificial intelligence (AI) can help enterprises figure out who genuinely wants to pay and deserves help — and who doesn’t.

 

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KLW Commentary

The Flaw In Demonizing Big Tech

For years, opinion writers have attached labels to Big Tech like the Frightful Five or FAANG, making Big Tech synonymous with Bad Tech among some politicians, regulators and the media. Karen Webster says that this group demonization has one big flaw — targeting these businesses not for necessarily doing something bad but for being part of that group. And that, she said, is bad for just about everyone.

 

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