SMBs say PPP won’t spur rehiring, Global remittance market sinks $100B, Picking the gig economy’s winners and losers

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

April 23, 2020

InsurTech

Auto Insurance Premiums Big Digital-First Shift

As Americans look to cut costs amid financial and economic upheaval, auto insurance may get increased scrutiny, as policyholders examine whether what they pay reflects actual risk. Dan Preston, CEO of Metromile, tells PYMNTS why premiums based on miles driven, a digital first mindset – and an app – may be the wave of the future.

 

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Live Discussion

The Gig Economy’s Pivot And Finding The Winners And Losers

When the world suddenly shut down, the world turned to gig workers to keep the economy moving as consumers stayed at home. Monica Plaza, vice president of supply at Wonolo; Payoneer CEO Scott Galit and Marc Gorlin, founder and CEO of Roadie, joined Karen Webster in this week’s On The Agenda live discussion to discuss the long-term impact of on demand distributed workforce on the economy and future of work and how to spot the gig economy’s winners and losers moving forward.

 

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Construction Industry

Houzz: Home Remodeling Businesses Take Hit As Consumers Push Pause On Projects

With 75 percent of the home remodeling sector now reporting that consumers have put projects on hold, the big question is what happens once their project backlogs are cleared. Houzz Senior Economist Marine Sargsyan told PYMNTS that, while more than half of the sector remains optimistic for a Q2 recovery, the uncertainty of how long it will take for spend to return still remains unclear.

 

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ISVs

How ISVs Can Use Data To Fast Track Merchant Value

Can software providers help merchant clients pivot as they scramble to reinvent themselves amid the continuing coronavirus pandemic? RS2 Software Chief Commercial Officer Bjorn Ovick tells PYMNTS that ISVs and PayFacs can ‘fast track’ value for their merchants by leveraging data in new and proactive ways.

 

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Reopening The Economy

What Germany’s Soft Reopen Portends For The US Market

What if an economy had a grand(ish) reopening — and almost everyone decided to sit it out?  Such is the question German officials are beginning to get the answers to this week, as the government has begun its early experiments with re-opening the German economy. The bigger question is whether their experience foreshadows what other economies, including the US, can expect when reopening theirs.

 

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Digital Banks And The Power Of The Cloud Tracker™

The Race To The Cloud: Will Digital Banks Win?

For legacy financial institutions (FIs), winning customers' loyalty often comes down to offering innovative products and service. But with 80 percent of FIs still using legacy core banking systems, digital banks and FinTechs are seemingly at an advantage. In the Digital Banks And The Power Of The Cloud Tracker, Nathalie Oestmann, chief operating officer at aggregated payment card provider Curve, discusses how she thinks flexible, cloud-based infrastructure puts digital banks at an advantage.

 

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What's Hot


PPP Loans Could Trigger Treasury Investigation


SMBs Say COVID-19 Relief Loans Won’t Spur Rehiring


Hobbled By Hackers And COVID-19, Travelex Goes Up For Sale


COVID-19 Puts $100B Dent In Global Remittance Flows


Texas Hotelier Nets $59M In PPP Loans


Shift To Digital Could Force 100,000 Retailers To Shutter By 2025


Payments Startup Paay Left 2.5M Credit Card Numbers Exposed


Google: State-Backed Hackers Behind Coronavirus Phishing Attempts


Expedia Reportedly Near Deal To Sell $1B Stake To Silver Lake And Apollo


Bitcoin Daily: Alleged Chinese Crypto Mining Scam Nets $11M


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