AI Adoption Trails the Hiring Cuts Made in Its Name
In June, we looked at why most small businesses aren’t using AI yet. New research from Goldman Sachs shows this isn’t a small-business problem, or even an American one. AI adoption remains low worldwide, yet many large employers cut hiring anyway. Global...
Embedded Small Business Lending Is Rewriting Who Originates the Relationship
Your member already got the loan, just not from you. Increasingly, that’s because the credit relationship already happened elsewhere: inside the point-of-sale system, accounting software, or payment processor the member uses every day. This is embedded small...
Tariff refunds are landing. Here is what the data shows three months in.
This past April, tariff refunds became available to over 300,000 small business importers, opened by U.S. Customs and covering a $166 billion pool of IEEPA payments. Bank of America’s latest Small Business Checkpoint now gives us a first look at how the process...
Payment Fraud Risk Is on the Rise for Small Businesses
In a recent report, the Boston Fed found that payment fraud risk is increasing as the number of ways to pay expands. This is attributed to a widening field of digital wallets, peer-to-peer apps, and buy-now-pay-later options, most of them run by fintech companies...