• ENTREPRENEURS
    Diamond Bank offers Nigerian entrepreneurs $8k grants

    Nigeria’s Diamond Bank has again partnered the Enterprise Development Centre (EDC) of the Pan Atlantic University for the seventh season of Diamond BET, which offers entrepreneurial training to 50 entrepreneurs and a NGN3 million (US$8,000) grant to the top five startups. First launched in 2010, Building Entrepreneurs Today (BET) is a capacity building and business […]

  • STARTUPS
    Bank of England Seeks Startups for DLT Privacy Projects

    The UK’s central bank is seeking startups to take part in distributed ledger projects focused on data privacy. In a speech from 12th April and published yesterday, Bank of England governor Mark Carney told attendees of a conference on FinTech that the central bank wants to expand work it began in earnest last year. The […]

  • SUCCESS
    What the Heck is Happening at Your Bank These Days?

    If you’re like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking account balances with a few mouse clicks. Digital banking is undeniably gaining ground over the old brick-and-mortar process. But about 84 percent (PDF) of banking customers still visit […]

  • NEWS
    Bank of America Reports Earnings Drop in Q1, Stock Dips

    Bank of America has announced its first-quarter results and the outcome is not very positive. The multinational banking corporation has reported a 13 percent decline in first-quarter profit. On a positive note though loan growth and expense cuts have prompted investors to be hopeful about the future. “It wasn’t a great quarter, but it was […]

  • NEWS
    Does Your Bank Count Debits to Intentionally Create More Overdrafts?

    Nearly 40 percent of the biggest U.S. banks surveyed order transactions in a way that leads to increased overdrafts, according to a new report by the Pew Charitable Trusts. Pew analyzed 44 of the 50 biggest U.S. banks and found that 18 of them process debit transactions — purchases, payments and withdrawals — in order […]

  • NEWS
    How Fintech is Bridging the Big Bank Gap

    Big banks have always been averse to risk.  They also tend to view small and medium-sized businesses as high-risk, choosing to restrict investment, in terms of both lending and services, for the SMB market. A 2015 credit survey by the Federal Reserve found that smaller institutions were 18 percent more likely to approve a small […]

  • NEWS
    Creative Ways to Get Funding Without Going to the Bank

    Are you having a tough time finding financing for your small business or just don’t know where to turn? Today there are more financing opportunities out there than ever before — if you know where to look. We tapped into the expertise of Linda Jenkins (pictured), CEO of the Gold Alliance Group, for some advice. […]

  • STARTUPS
    Does Your Bank Count Debits to Intentionally Create More Overdrafts?

    Nearly 40 percent of the biggest U.S. banks surveyed order transactions in a way that leads to increased overdrafts, according to a new report by the Pew Charitable Trusts. Pew analyzed 44 of the 50 biggest U.S. banks and found that 18 of them process debit transactions — purchases, payments and withdrawals — in order […]