Visa, SBA to host FinTech hackathon, U.K. reviewing auditor watchdog, and PayNet talks Canadian SMBs' delinquency rates.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

April 182018

       BUSINESS TO BUSINESS EDITION

Gig Economy

Instant Payments As The Rule, Not Exception For Gig Workers

A structural shift is in the offing as the gig economy lures more Americans to take on project-based employment. Gig work done quickly demands faster turnaround when it comes to getting paid. Dierdre Ives, managing director for Wirecard, North America, tells PYMNTS why instant payments may soon become the norm for pushing funds to workers' coffers.

 

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Blockchain Tracker

Blockchain's Unassuming Threat To Banks

The traditional financial services market has been quick to embrace blockchain technology, offering FIs an opportunity to get a head-start on industry disruption. While the opportunities for banks and other finserv players are vast, blockchain could also pose a threat to these companies, particularly when it comes to taking a bite out of profits, according to a new report from Moody's.

 

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SMBs

Delinquencies Up, But Canadian Firms Prove Resilient Through Market Turmoil

Canadian small businesses are feeling an increase in financial stress, with new data from PayNet showing a slight uptick in delinquencies among SMB borrowers. But it's not time to sound the alarm, says PayNet president Bill Phelan, who spoke with PYMNTS about the resiliency Canadian firms demonstrated throughout currency volatility, trade tensions and more. Slightly higher delinquencies, he explains, are natural as SMBs "catch their breath" from an earlier borrowing spree.

 

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