Award-Winning Filmmaker Tells the Stories of Black Businesses Through a Historic Lens
Award-winning filmmaker Stanley Nelson’s documentary, Boss: The Black Experience in Business, chronicles the untold story of African American entrepreneurship. The film highlights legendary business leaders like Madam C.J. Walker as well as modern-day icons like Richelieu Dennis.
Source: Black Enterprise
Has Alternative Lending Seen Its VC Peak?
Investors’ appetite for alternative lending startups is on the wane, despite growth in FinTech funding. As VCs focus on late-stage investment, market newcomers struggle to secure funding in a crowded market.
Apple’s Move Into Banking Raises the Bar for Fintech And Regional Banks
The Apple Card is likely to put more competitive pressure on branded credit card issuers. It’s also likely a threat to fintech companies and regional banks, especially if it goes after consumer deposits.
The “Uber Effect” is Pushing Banks to Improve Business Lending
Digital disruption has changed the way we do almost everything — including how we share and spend money. Small business borrowers don’t expect transactions or payments anymore; they expect experiences that are faster and easier.
Source: Payments Source
ABA, Trade Groups Urge Support for CDFI Funding
Trade groups are gravely concerned that the president’s FY2020 budget proposes to eliminate funding for the CDFI Fund’s programs, especially when they are oversubscribed.
Source: ABA Banking Journal