Microsoft and Nasdaq strike blockchain partnership, Fleetcor releases Q3 earnings and OakNorth talks SMB lendingâs data challenge
| | BUSINESS TO BUSINESS EDITION | Brexit A Boon For Blockchain? As the U.K. gears up to leave the EU, questions arise over cross-border trade and payments. Might technology be a salve? One study from Nexus found that blockchain is getting consideration from mid- to large-sized companies ahead of the 2019 separation. |
Fleetcor Beats The Street In Q3, Launches McDonald's Contactless Payments Collab Fleetcor beat Wall Street expectations when it released its Q3 2018 earnings report Tuesday (Oct. 30) evening, with CEO Ron Clarke pointing to the firm's incremental growth in corporate payments and AP driving performance. However, a new partnership with McDonald's to support contactless payments at the drive-through in Brazil shows Fleetcor's bet on transactions beyond fleet, and beyond corporates. |
| SMB Lending | OakNorth: How AI Can Fuel Banks' Return To SMB Lending Small businesses (SMBs) are too complex for consumer loan processes, but margins are too thin to deploy enterprise-level underwriting. This Goldilocks complex is often used to explain why large FIs have pulled back from SMB lending, but OakNorth Analytical Intelligence COO Amir Nooriala says the crux of the matter goes deeper. It's all about data, he tells PYMNTS, and while the financial crisis is to blame for banks' SMB lending retreat, it's also behind banks' willingness to try something new. | | |
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