Tata Consultancy Services(TCS) has partnered with Israel’s Finance Ministry to make technology affordable for small banks in the country, according to a report in The Economic Times. “In India, we created a core banking platform and have taken it to other markets. Having developed the first one, the Ministry of Finance wanted us to […]
Small banks that rely on technology providers Fiserv, FIS and Jack Henry & Associates are starting to revolt, arguing the companies are making it more difficult for them to compete against larger banks. According to a report in The Wall Street Journal citing executives at some of the small banks across the country, the executives argue the […]
Novo, a startup mobile bank aimed at small business, has said it raised $4.8 million in venture seed financing led by Crosslink Capital, along with Red Sea Ventures and RRE. Other investors in the funding round include Hack VC, Rainfall and the Stanford Law School Venture Fund, according to a company […]
The chase for arranging funds has been the most despicable aspect of any business entrepreneur’s existence from times of yore. Many aspirants abandon their dream to assemble, make, and improve and easily succumb to the poor situation without understanding that a good business thought will eventually pool in the abundance […]
Reserve Bank of India (RBI) Governor Shaktikanta Das will hold a meeting with heads of Small Finance Banks on March 15 to discuss their participation in priority sector lending and financial inclusion. “Small Finance Banks have an important role in promoting financial inclusion and priority sector lending,” RBI Governor Shaktikanta […]
Right now, Congress has a big opportunity to help small business. And while the nature of the opportunity is tremendous, and historic, it may not fit with common perceptions about what type of policies really help local or family-owned companies. The issue before Congress? Approval of a major international trade agreement. […]
Commissioner Kenneth Hayne. Source: AAP/David Geraghty. The banking royal commission’s final report will be submitted to the government today before being made public on Monday afternoon. The report is widely expected to include a laundry list of recommendations designed to break the cycle of appaling behaviour in the sector, but […]
When Jason Sherman decided to start his own company to make beer from micro-craft brewers more accessible, he never imagined that a federal government shutdown could affect his business. Until late December, everything was going as planned for the Brooklyn, New York-based company named TapRm. The company distributes beer to […]
As the U.S.government shutdown enters its third week, on the verge of becoming the longest in history, Main Street is getting creative to stay afloat. The partial closure is having ripple effects nationwide on companies that work with and rely on the federal government to do business. Small businesses nationwide […]
China’s push to encourage lending to smaller companies has created a business opportunity for large financial technology companies. As Beijing struggles to balance a crackdown on high debt levels with maintaining growth, President Xi Jinping and Premier Li Keqiang have both publicly announced support for privately-run companies. The central bank […]
