UBS launches new client initiative providing access to the Small Business Administration's Paycheck Protection Program

Business Wire | April 09, 2020

To help small businesses that have been impacted by the COVID-19 pandemic, UBS announced today that it has created a new initiative to expand its current referral lending network to enable clients to access the Small Business Administration's ("SBA") new Paycheck Protection Program ("PPP"), a subset of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). UBS has currently made over 2,200 referrals of PPP loans to date, which represents over $1 billion of loans. The firm developed a solution enabling small businesses to participate in the PPP. Through its current referral lender, Newtek Business Services Corp. ("Newtek"), UBS Financial Advisors and Client Service Associates, in addition to the banking specialists in UBS's US wealth management business

Spotlight

Does technology drive retail or does retail drive technology? Whatever the answer, by responding to customer demand and market pressure, retailers are generally early adopters of new technologies. And they can play a vital role  in building a sustainable tomorrow. What’s in Store is a short film exploring the sector’s future and how innovative technology can help economies make the transition to a sustainable, low-carbon future.  Big data, robotics and radical transparency are transforming the retail world, from Dushanbe to Belgrade via London, Paris and Milan.


Other News
FINANCE

Slice Adds Remodeling Contractors to Small Business General Liability Insurance Coverage

Slice | April 04, 2022

Slice Labs Inc. (Slice), a technology company with the first on-demand insurance platform, announced the addition of remodeling contractors to the covered classes under the AERO Insurance brand. Agents can now quote, bind and issue for 70 different classes in 42 states + D.C. In the fall of 2021, Slice and Appalachian Underwriters partnered on the development and distribution of Contractors General Liability Insurance via the new brand AERO Insurance. Data from the first quarter of 2022 continues to show tremendous growth with 46% month-over-month growth. “With remodelers being such a large group of the contractors industry, we’re very pleased to offer coverage. Not only do we want agents to have the best digital experience, we want them to be able to have access to the widest set of coverage, including hard to place coverage.” Tim Atta, founder and CEO of Slice Labs About Slice Labs Slice Labs Inc. is building the future of insurance by enabling insurers, MGAs, and technology platforms to build intelligent and intuitive, on-demand digital insurance products via Slice’s cloud-based platform. Founded in 2015 and headquartered in New York City, Slice has been consistently recognized as an insurance and technology leader by industry publications, awards, and Tier 1 publications. About Appalachian Underwriters, Inc Appalachian Underwriters, Inc. (AUI) offers a leading insurance wholesale brokerage outlet for agents looking to bring their clients a broad selection of quality products. AUI is a Nationwide MGA that specializes in Workers'​ Compensation, Commercial Specialty, and Personal Lines products. The company also offers a brokerage unit that expands their product offering beyond their Managed Programs and allows them to place large specialized risks. AUI’s “one–stop” approach affords the convenience of dealing with one sales and administration staff, while gaining access to a wide range of high quality companies. Appalachian Underwriters is a wholly owned subsidiary of Acrisure.

Read More

FINANCE

Lenovo Awards $100,000 in Grants to Minority-Owned Small Businesses Across Ontario

Lenovo | February 09, 2022

Today, Lenovo announced the ten Ontario-based recipients of its Evolve Small grant program aimed at providing relief to Black, Indigenous, and People of Colour-owned (BIPOC) small businesses navigating the challenges and impact of COVID-19. Issued in partnership with the Toronto Region Board of Trade (TRBOT), each small business will be awarded a CAD $10,000 grant. In addition, Lenovo is providing educational programming to all TRBOT member businesses, to help accelerate their digital adoption. Throughout the two-month application window, TRBOT received a total of 203 small business applicants that met eligibility requirements. All applications were reviewed by a panel of experts from TRBOT and grant recipients were selected based on their ability to demonstrate their business’s equity, diversity, and inclusion initiatives and their completion of one or more of TRBOT’s Recovery Activation Program (RAP) streams, an online support and education program designed to help businesses adapt to a more digital world during and after the pandemic. TRBOT launched its Recovery Activation Program (RAP) to help Canadian small businesses adapt to the increasing need for digital adoption that was accelerated by COVID-19. By focusing on attracting customers, improving supply-chain efficiencies, managing workforces virtually, and streamlining costs, RAP provides a comprehensive toolkit to support the long-term success of Toronto’s small business community “As the pandemic continues to impact us all, we recognize that small businesses, and especially minority-owned small businesses, have been hit the hardest and need support to survive and thrive. We hope that the funding provided through the grant program with the Toronto Region Board of Trade will provide relief to some of the businesses who have been impacted the most, and we look forward to seeing how these funds are used to innovate and build for the future.” Colin McIsaac, Vice President and General Manager, Lenovo Canada “The submissions we received show a remarkable range of engaged, passionate women and BIPOC entrepreneurs,” said Leigh Smout, President of the World Trade Centre Toronto. “Each of these grants, which Lenovo has made possible, will allow the recipients to grow their business and, in turn, their already-significant contributions to our regional economy and communities. We are proud to be associated with Lenovo and these amazing business leaders.” About Lenovo Lenovo is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that power (through devices and infrastructure) and empower (through solutions, services and software) millions of customers every day and together create a more inclusive, trustworthy and sustainable digital society for everyone, everywhere. About Toronto Region Board of Trade The Toronto Region Board of Trade is one of the largest and most influential chambers of commerce in North America and is a catalyst for the region’s economic growth agenda. Backed by more than 13,500 members, we pursue policy change to drive the growth and competitiveness of the Toronto region, and facilitate market opportunities with programs, partnerships, and connections to help our members succeed – domestically and internationally.

Read More

TECHNOLOGY

Checkr Announces Acquisition of GoodHire

Checkr | April 18, 2022

Checkr, a leading HR technology company powering the future of work, announced today that it has entered into an agreement to acquire Inflection, whose flagship brand GoodHire is a leader in background checks for small businesses. This is Checkr's largest acquisition to date, enhancing its leadership in the background check industry. The transaction closed in April 2022. This acquisition is a critical part of Checkr's expansion strategy in its fastest growing small-to-medium sized (SMB) business segment. GoodHire serves tens of thousands of customers in this segment. It was the first provider to offer a self-service background check solution, designed specifically for small businesses, featuring a 100% online experience, built-in compliance, an intuitive interface and excellent customer service. Companies of all sizes now expect digital tooling and a great candidate experience to win the war for talent — the kind delivered by innovative gig companies like Uber and Doordash. With this acquisition, Checkr is positioned to bring an innovative, best-in-class software platform to customers of all sizes - now including small businesses as well. "This acquisition is bringing two of the most innovative companies in our space together. Our teams have so much in common: a focus on building delightful experiences for customers, very similar cultural values and most importantly, a commitment to build a fairer future for workers." Daniel Yanisse, CEO of Checkr "Small businesses are the backbone of our economy, creating the vast majority of new jobs in North America," said Naeem Ishaq, CFO of Checkr. "We're excited that this strategic acquisition enables Checkr to tap into this incredible growth and further accelerate our fastest growing customer segment." "We're excited to join forces with Checkr and help make compliance and hiring easier, faster and more accurate." said Mike Grossman, CEO of Inflection. "I am confident that together we will continue to always build the best products for our customers." About Checkr Checkr's mission is to build a fairer future by designing technology to create opportunities for all. Established in 2014 and valued at $5 billion, Checkr builds people infrastructure for the future of work. We believe all candidates, regardless of who they are, should have a fair chance to work. That's why we've designed a faster—and more fair—way to screen job seekers. Many of the fastest-growing businesses in the world use Checkr's technology to easily initiate and review background checks. Our customers include Uber, Instacart, Netflix, Adecco, Airbnb, Coinbase and more than tens of thousands of customers from SMBs to Fortune 500 employers. We have the goal to work with our customers to unblock four million candidates in 2022. About GoodHire Since 2013, GoodHire has been a trusted background check partner to tens of thousands of organizations. With its innovative, technology-first approach, coupled with an intense focus on customer delight, GoodHire has redefined the background check service industry. GoodHire uses automation and advanced data engineering to help customers accelerate hiring and make more confident hiring decisions. Thanks to its easy-to-use platform and responsive, FCRA-trained support team, our customer satisfaction and NPS scores match those of America's most trusted brands.

Read More

MARKETING AND NETWORKING

B12 launches multi-user functionality, making it easier for professional service providers to work with their teams

B12 | May 05, 2022

To help professional service providers more easily scale their businesses, B12 continues to enhance its online platform, introducing the ability for customers to add team members to their accounts. This evolution of B12's platform enables business owners to invite staff, contractors, and other collaborators to their account, allowing for easier delegation of tasks, centralized oversight of client interactions, and greater team efficiency. "Small business owners work for themselves – but that doesn't always mean they work by themselves, Business growth is such a huge goal for entrepreneurs, and with growth often comes team expansion. We wanted to make it as easy as possible for businesses to grow with B12, and that meant making it easy for owners to work with their teams on B12." -Nitesh Banta, Co-Founder and CEO of B12 B12's new team-based subscription packages provide small business owners with an easy-to-use, all-in-one platform to help them better attract, win, and serve clients online. Designed to meet the specific needs of business owners offering professional services, key features include: A custom-built professional website: An AI-powered website builder creates industry-specific drafts that are then tailored by expert copywriters and designers. The result is a professional-looking, fully optimized website that showcases each business's unique identity in under 30 days. Tools to win and engage clients: Business owners have access to on-site conversion banners, email marketing, client intake forms, and online scheduling, all within B12. Support for business operations: Back-office tasks are streamlined with embedded invoicing, contract management, and the ability to accept eSignatures and online payments. When team members are added in B12, they have access to many of these tools. Specific access is based on the permissions granted by the business owner, which can be changed or removed at any time. This flexibility means that as a business evolves, so can the size and capabilities of its team. "How businesses work is chang While small businesses have core staff, they also do project-based work. When speaking with business owners, we realized that their definition of team included both full-time employees and contractors that pulse in and out of projects. To support the varied needs of small businesses, it was important to make our team tools flexible and adaptable, with as few constraints for owners as responsibly possible." -Adam Marcus, B12's Co-Founder and CTO The launch of B12's new team capabilities comes in conjunction with the company's celebration of National Small Business Week, which runs from May 2nd - May 7th. B12 is honoring the resiliency, persistence, and creativity of entrepreneurs across the country with free online events, resources, and customer recognition. To view past and upcoming activities, visit www.b12.io/nsbw-online-events-2022. About B12 B12 is a web-based platform for professional service providers that helps them attract, win, and serve clients online. Within 30 days, B12 sets customers up with a website backed by powerful tools to help busy owners manage all aspects of winning and working with clients – including appointment scheduling, client intake, contact management, contracts and eSignatures, and online payments. B12 has worked with more than 150,000 businesses and is powered by technology built by the team's MIT-, and Berkeley-trained researchers. The company's open-source automation system called Orchestra pairs experts and AI to make tasks 15x more efficient than other platforms. B12 was founded in 2015 and has raised $28.1M from VCs and investors, including Breyer Capital, General Catalyst, SV Angel, and Tola Capital. Visit www.b12.io to learn more.

Read More

Spotlight

Does technology drive retail or does retail drive technology? Whatever the answer, by responding to customer demand and market pressure, retailers are generally early adopters of new technologies. And they can play a vital role  in building a sustainable tomorrow. What’s in Store is a short film exploring the sector’s future and how innovative technology can help economies make the transition to a sustainable, low-carbon future.  Big data, robotics and radical transparency are transforming the retail world, from Dushanbe to Belgrade via London, Paris and Milan.

Resources