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
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.
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.
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
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