Santander plans digital-only biz bank, Fusion Bank talks cannabis finserv risks, and China makes headway in shadow banking fight.
| | | | BUSINESS TO BUSINESS EDITION | | Transpay: Go Global, But Not Before Doing These Five Things Cross-border commerce isnât just about getting payments from buyers to sellers; itâs also about ensuring that those sellers pay suppliers the way they want to be paid â which is, increasingly, account to account. In a recent PYMNTS digital discussion, Transpay GM Peter Shore told participants why going global without doing these five things first could jeopardize supplier relationships. |
| Small Business Earnings, Optimism Hit Yet Another High Another week, another survey that finds small business optimism has hit a new high. Research from the National Federation of Independent Business and TD Bank signals good news, with a 45-year high of SMB revenue and a spike in hiring plans. But remove the rose-colored glasses, and analysts warn that a lack of qualified talent, an interest rate increase and the national economy weigh heavily on entrepreneursâ minds. |
| | Corporate Banking | | Risk's All Around When Banks Service Cannabis The number of banks providing services to legal cannabis firms in the U.S. has steadily increased since 2014. The regulatory hurdles associated with this industry naturally mean these FIs are taking on significant risk when they enter the space. But Fusion Bank CEO Kendell Lang says they're unwittingly putting their business customers at risk, too. Lang sounds off on the compliance conundrum for marijuana financial services. |
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