PYMNTS

SEPTEMBER 18, 2018

So, what is the state of the global economy these days? What is clear is that the sense of stability that seemed to finally come after the 2008 financial crisis and resulting global recession is apparently at an end. The fundamental of the global economy remain favorable,” he said, adding that global trade and U.S.

Economy 62

Economy Risk Management Central Bank Risk 62

PYMNTS

APRIL 17, 2020

The April 2020 Gig Economy Tracker ® done in collaboration with Tipalti looks at the rapidly forming trends involving gig workers and their revitalized role as business picks up the pieces in the coronavirus pandemic’s aftermath. It may sound like 2008 all over again, but this is different. Payments have to be more frequent.”.

Economy 57

Economy Risk Process Acquirers 57

The Fintech Times

SEPTEMBER 16, 2024

Brunei Darussalam, more commonly known as Brunei, has transformed its economy for the better following the discovery of oil and gas in 1929. However, as the world starts to turn away from fossil fuels, the country is starting to diversify its economy: we explore fintech’s role in Brunei’s new economic plan.

Economy 59

Economy Central Bank Non-Bank FinTech 59

Fintech News

FEBRUARY 28, 2024

Established in 2008, Home Credit Vietnam offers a wide range of loan products with over 15 million customers and a network of 14,000 point-of-sales locations, reporting a net profit of VND 1,320 billion in 2022. Arthid Nanthawithaya Arthid Nanthawithaya, Chief Executive Officer of SCBX said, Vietnam, with its dynamic economy averaging 7.5%

Acquirers 121

Acquirers Finance Economy Consumer 121

PYMNTS

OCTOBER 16, 2018

But 10 years ago, in 2008, TGI Fridays , for instance, blazed a rewards and loyalty trail that countless restaurants have since followed. By adding the technology, restaurants such as Applebee’s hope to increase spending and bring in younger customers. About half – or 47.2

Innovation 73

Innovation Economy Technology Mobile Payments 73

PYMNTS

JULY 30, 2020

economy contracted by almost a third (32.9 economy shrank 5 percent in Q1.). In 2008’s fourth quarter — the Great Recession’s peak — the gross domestic product (GDP) only lost 8.4 In 2008’s fourth quarter — the Great Recession’s peak — the gross domestic product (GDP) only lost 8.4 economy added a record 4.8

Economy 114

Economy Federal Reserve Government Governance 114

PYMNTS

AUGUST 4, 2020

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. Lessons Learned From 2008. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S.

Finance 124

Finance Non-Bank Innovation Continuity 124

PYMNTS

NOVEMBER 22, 2020

The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. Private lenders lost $535 billion on low-quality mortgages during the 2008 Global Financial Crisis, Mark Zandi of Moody’s Analysics told the WSJ, according to Saturday’s article.

NOV 113

NOV Government Governance Consulting 113

PYMNTS

SEPTEMBER 21, 2020

Leary called the election "volatile" and said there was concern for "long-term damage to the economy," FT reported. Global trade, on the other hand, is proving strong thus far, making a bigger comeback than it did after the 2008 financial crisis, PYMNTS reported.

Federal Reserve 104

Federal Reserve Fed Central Bank Advisors 104

PYMNTS

APRIL 8, 2020

With the coronavirus pandemic forcing people out of work in every sector of the economy, unemployment claims are likely to rise by another 5.25 However, the claims are probably only a fraction of the actual number of people who have lost their jobs since the companies and economy abruptly shut down. In February, the rate was 3.5

Economy 91

Economy Non-Bank Government Governance 91

PYMNTS

OCTOBER 22, 2020

And while early Amazon efforts, Apple TV, Hulu and the first Roku devices all debuted in 2008, and though Netflix became the Blockbuster Video of streaming TV for a good many years after that, the party might finally be over. It was the payments breakthrough that helped fuel streaming’s growth.

Economy 70

Economy Origination On-Demand Returns 70

PYMNTS

APRIL 12, 2020

Unlike in the 2008-09 collapse, in which China, India and a few other economies remained relatively stable, COVID-19 has proven to be an equalizer, bringing every economy in the world to a halt and causing huge structural issues. Ultimately, the main commonality in the world economies’ weaknesses is the lack of unity.

Economy 75

Economy Government Governance Small Business 75

PYMNTS

NOVEMBER 20, 2020

This winter will be grim, and we believe the economy will contract again in 1Q," the economists wrote. “We The projection goes against earlier Wall Street forecasts that largely believed the first quarter of 2021 would be the start of a bouncing-back economy. By comparison, at the peak of the Great Recession in 2008 GDP only lost 8.4

Economy 78

Economy NOV Returns Continuity 78

PYMNTS

APRIL 26, 2020

By allowing people to defer payments, banks are hoping the economy will rebound, and with it, their customers. Customer spending limits are also being cut by top credit card companies in response to the crashing economy due to the pandemic. Further, banks can do little about nonpayment since the credit is unsecured.

Credit Cards 83

Credit Cards Card Issuer Payments Economy 83

PYMNTS

NOVEMBER 11, 2020

The big gains were a great sign that the Chinese economy — and more specifically, consumer spending — is on a post-COVID rebound. According to news site TechNode, the new rules will apply physical-economy statutes to the digital-first economy.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

APRIL 5, 2020

Financial regulators have made $500 billion in capital available for lenders around the world , which gives lenders the freedom for another $5 trillion of loans around the world to go toward cushioning the blow the coronavirus has dealt to the world’s economy.

Facilitators 60

Facilitators Economy Regulations Central Bank 60

PYMNTS

NOVEMBER 10, 2020

In fact, fortunes are always made out of disasters, and America’s entrepreneurial spirit may be just the counterforce for a stalled economy. New Businesses Forming At Fastest Rate Since 2008 Crash . That group includes gig-economy workers and other independent contractors who may have struck out on their own after being laid off.”.

Posting 90

Posting Economy On-Demand Advisors 90

PYMNTS

JULY 23, 2020

The pandemic wreaked havoc on the banking sector like it did the rest of the economy, sending BoA shares and the value of the KBW Bank Index, which is one of the more widely-tracked measures of the health of the industry, down 30 percent since February, FT reported.

Economy 90

Economy Returns 90

PYMNTS

MARCH 6, 2020

The financial crash of 2008 was predicted similarly by Sequoia, which sent an ominous email simply titled “RIP Good Times” during the depths of that recession. Sequoia, a fixture in Silicon Valley for decades, and has funded companies such as Apple, Google, Instagram, DoorDash and more for decades.

Legal 69

Legal Economy Automation Risk 69

Finextra

JUNE 5, 2025

By focusing on credentials, enabling public sector participation, and supporting a flexible trust framework, the initiative can unlock new opportunities for businesses to thrive in the digital economy, where authorisations and transaction outputs are not just documents, but dynamic, verifiable instruments of automation and trust.

Credential 52

Credential Payment APIs and Integration Authorization Issuers 52

The Fintech Times

MAY 23, 2024

The role of the designated finance platform Since the 2008 financial crisis, the desire from major high street banks to lend to SMEs has fallen through the floor. Driving a smart data economy In an increasingly data-driven world, the ability to harness and utilise data effectively is going to be key to future growth.

Interoperability 94

Interoperability Economy Finance Small Business 94

PYMNTS

APRIL 23, 2020

It’s a response to the COVID-19 pandemic that is crashing the economy and taking away the jobs of millions of Americans, according to Bloomberg News. As reported by PYMNTS , consumers are already in a better position than when the Great Recession hit in 2008, and they have comparatively less debt.

Credit Limit 75

Credit Limit eWallet Credit Cards Enrollments 75

PYMNTS

NOVEMBER 4, 2020

Management said it is encouraged by the fact that today’s household balance sheets compare favorably to the 2008 recession year. But from a macroeconomic standpoint, LendingClub said that while borrowers remain resilient, the pandemic continues to have a negative impact on the economy. All in, LendingClub reported a Q3 net loss of $34.3

Volume 111

Volume On-Demand NOV Continuity 111

PYMNTS

APRIL 9, 2020

Paidy said it is striving to overhaul the service industry as well as Japan’s economy, and plans to add a cross-section of bigger merchants with flexible payment options, both online and offline. Founded in 2008 by Lee Smith and Russell Cummer, Paidy has raised $224.6 million across seven funding rounds.

BNPL 92

BNPL PayPal Participant Economy 92

PYMNTS

MARCH 29, 2020

Asked what people should do with the money they receive (“… twelve hundred dollars takes you a lot farther in Nebraska than it does in California,” journalist Margaret Brennan pointed out), Mnuchin said he hoped the machinery of the economy would be spurred to keep people out of the red for a few weeks.

Direct Deposit 70

Direct Deposit Government Governance Economy 70

PYMNTS

APRIL 21, 2020

Noting that customer loyalty was a critical factor for restaurants that survived the 2008 market crash, Paytronix CEO Andrew Robbins told PYMNTS, “When the current black swan finally departs and restaurants begin to reopen, we hope those that truly invested in developing strong relationships will survive.”

Economy 60

Economy Research Continuity Accounts 60

PYMNTS

OCTOBER 10, 2016

The aftershocks of the financial crisis of 2008 may finally be abating as consumers seem willing to take on more debt and are showing confidence in the U.S economy, according to Bloomberg. Consumer spending increased, and people are encouraged by steady hiring and income growth.

Consumer 60

Consumer Federal Reserve Credit Cards Economy 60

PYMNTS

APRIL 26, 2020

Talking with “Fox News Sunday,” Mnuchin also posited that the economy would begin to reopen during May and June, and then that would lead to the economic recovery. He said the amount put into the economy thus far, to offset the tumultuous effects of the pandemic, was “unprecedented.” In addition, some state officials like New York Gov.

Treasury 60

Treasury Economy SWIFT Government 60

PYMNTS

FEBRUARY 7, 2020

The labor market and the consumer are the strength of the economy, and they’re in good shape,” said Eric Winograd, senior economist at AllianceBernstein. percent in December, which is the highest rate since 2008. Wages increased 3.1 percent from a year before, which is higher than a rise of 3 percent from December, year-over-year.

Payroll 67

Payroll Origination Economy Product 67

PYMNTS

SEPTEMBER 18, 2018

15, 2008 fall of Lehman, which filed for bankruptcy that day. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. Auto loans have mushroomed from $773 billion in 2008 to $1.2 Auto loans have mushroomed from $773 billion in 2008 to $1.2

Innovation 59

Innovation Federal Reserve Credit Cards Economy 59

PYMNTS

JANUARY 2, 2019

trillion in the early part of 2008 before the Great Recession, noted the paper. Debt increase is [a] sign of a strong economy,” Dana Peterson, an economist at Citigroup, told The Wall Street Journal in the report. What’s making the debt manageable on the part of consumers is wages that are increasing, an economy in the U.S.

Consumer 52

Consumer Credit Cards Federal Reserve Economy 52

PYMNTS

APRIL 30, 2019

In today’s global economy, payment needs are fast-evolving with merchants gravitating toward payment providers who offer broader multifaceted services in one place. Cross River was founded in 2008, and in December of 2018, it secured $100 million in a funding round led by KKR.

Push-to-Card 71

Push-to-Card Payments Processors Settlement 71

PYMNTS

MAY 4, 2020

That amount is over five times as much as the country borrowed at the height of the Great Recession in 2008. trillion for efforts to stem the tide of the virus and help businesses and various sectors of the economy. And there will likely be more spending to further aid various parts of the economy, driving the overall bill higher.

Treasury 52

Treasury Government Governance Economy 52

PYMNTS

SEPTEMBER 2, 2020

The iOS app economy has created nearly 300,000 new jobs since April 2019, “helping to provide opportunities” for business and employment growth even during the COVID-19 crisis, Apple said in a press release. Since the App Store launched in 2008, the iOS app economy has become one of the fastest-growing sectors of the economy.”.

Economy 52

Economy On-Demand Participant Product 52

PYMNTS

SEPTEMBER 24, 2020

Today, that not only means facilitating PPP loans, but also supporting small businesses as they navigate economic uncertainty — a vital effort considering SMBs are so often labeled as the backbone of the economy. There is growing talk, too, of FIs pulling back from small business loans as they did in the wake of the 2008 financial crisis.

Credit Union 77

Credit Union Small Business Community Banks Volume 77

PYMNTS

NOVEMBER 4, 2016

Like many companies, the recession in 2008 was something the company grappled with as the Wiland is closely tied to the consumer economy, he said. But the Colorado economy has been good to Wiland, Heitman added. “Everything we do is measurable, so there is no question about the effectiveness of our solutions.”.

Research 65

Research Consumer Privacy Database 65

PYMNTS

APRIL 29, 2020

percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the economy, the Bureau of Economic Analysis reported on Wednesday (April 29). gross domestic product (GDP) dropped 4.8 percent. The personal savings rate — a percentage of disposable income — was 9.6

Government 52

Government Governance On-Demand Economy 52