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Reuters | April 27, 2020
The U.S. government notified lenders on Sunday that it will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus pandemic, hours ahead of the reopening of the lending program. The Small Business Administration (SBA) will impose a maximum dollar amount for individual lenders at 10% of Paycheck Protection Program funding, or $60 billion per lender, and pace the applications filed, according to SBA guidance on Sunday to le...
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SAT | December 30, 2021
SAT creates an electronic cash system that meets the needs of daily life, is of justice and equity, and has a high degree of privacy. As in the digital age, when using fiat for online transactions, people rely more on third-party institutions for transaction confirmation. Perhaps the concept introduced by SAT is not the most novel, but it is the most practical one. Because they believe payment is the most frequent behavior in people's daily life, which is important for everyone's lives.<...
Bill.com, Microsoft | April 20, 2021
Bill.com, a leading supplier of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and medium-sized companies (SMBs), today announced an extension of its partner platform with Microsoft Dynamics 365, including Microsoft Dynamics 365 Business Central and Microsoft Dynamics GP. Mutual clients will now be able to take charge of their financial operations, save time, and scale with trust due to the integrations' intelligent automatio...
Wall Street | April 13, 2020
Wall Street’s main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic. JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) will kick off the reporting season on Tuesday, with analysts expecting an uptick in trading revenue to be offset by declines in other businesses and a bleak outlook for the rest of 2020. The S&P banking subsector. SPXBK shed 2.5%, while the broader fina...
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