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Industry News - April 2, 2019

April 2, 2019


 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.

Source: PYMNTS.com


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.

Source: CNBC 


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

 



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