Main Street may be the soul of America, but its businesses find themselves increasingly embattled. That’s because small and medium-sized business (SMBs) looking for credit or working capital and other financing solutions are often underserved and ignored by traditional financial institutions (FIs). It is a...
Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process is needed to give a critical lifeline to companies seeking to navigate an uncertain macro environment — and to grow....
These are tough times for small businesses. Enigma Technologies Chief Operating Officer and Chief Product Officer Scott Steinberg told PYMNTS that economic uncertainty is not only making capital harder to come by for small- to medium-sized businesses (SMBs), but also more expensive. “Interest rates are...
October 04, 2023
Scott Steinberg, chief operating officer of Enigma Technologies, said there has been an evolution of know your business (KYB) practices — and there’s increased urgency to use technology to tackle “best practices” and satisfy existing and new laws. Where KYB may have once been “an informal ‘sister’ or ‘brother’ of know your customer” initiatives, he […]
September 01, 2023
Main Street may be the soul of America, but its businesses find themselves increasingly embattled. That’s because small and medium-sized business (SMBs) looking for credit or working capital and other...
February 08, 2023
These are tough times for small businesses. Enigma Technologies Chief Operating Officer and Chief Product Officer Scott Steinberg told PYMNTS that economic uncertainty is not only making capital harder to...
