Retail Technologies Corporation (RTC)

SMALL BUSINESS ADVICE

Veem | May 20, 2021

Veem, the online payment network for small and medium-sized businesses, released its quarterly report, "State of Small Business," today. The survey of over 960 small business owners in the United States focused on their prospects for the economy in 2021, the top problems they encountered as a business owners in the previous year, and their insights on various aspects of their banking and payments experience. The following are some of the most key findings: ...

INDUSTRY OUTLOOK

Citi | January 12, 2022

Citi today announced that it intends to exit the consumer, small business and middle market banking operations of Citibanamex as part of its strategic refresh. Citi will continue to operate a locally-licensed banking business in Mexico through its global Institutional Clients Group. Citi has operated in Mexico for more than a century and the country will remain among Citi’s top institutional markets outside of the U.S. Citi will continue to invest in and grow those institutional banking op...

TECHNOLOGY, FINANCE

NerdWallet, Inc | July 12, 2022

NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small- and mid-sized businesses (SMBs), announced the closing of its previously announced acquisition of On the Barrelhead, Inc., a data-driven platform that provides consumers and SMBs with credit-driven product recommendations to help improve their financial lives. As previously announced, it is expected that On the Barrelhead will fully integrate into NerdWallet’s existing teams,...

BUSINESS STRATEGY

Ready Capital & LenderAI | May 10, 2022

Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") announced another Company record for small loan closings (loans from $10,000 to $350,000) funding over fifty-five (55) SBA 7(a) small loans in April. The Company attributes this success and continuous growth to using a technology platform called LenderAI by iBusiness Funding LLC ("iBusiness Funding"), which is now available to all lenders. "LenderAI has en...