News 

Research: The Digitization of Banks Disproportionately Hurts Women Entrepreneurs

“And compared to men, women entrepreneurs are pushed into desperate and extreme types of financing” reports hbr.org. It turns out that women entrepreneurs who seek to finance their ventures using bank financing are increasingly forced to find solutions elsewhere.It turns out that women entrepreneurs who seek to finance their ventures using bank loans are increasingly forced to find solutions elsewhere.This can also sway decisions to approve or reject loans to women and men entrepreneurs.We targeted a random sample of Swedish entrepreneurs (both men and women) who were applying for bank…

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News 

SMBs Eye Talent Shortage In Data Goals: Deloitte

“Small businesses are no stranger to digitization, with a recent report from Deloitte highlighting the focus on IT investment for the small- and medium-sized business” reports pymnts.com. Similar concerns may arise as executives build out their IT staff, as Deloitte research suggests they’re planning to do.Yet a tight labor market could present a significant hurdle for small- and medium-sized businesses to move forward with their digitization plans.In its report, “Technology in the mid-market,” Deloitte found more than half of executives at small- and medium-sized businesses plan to spend more on…

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News 

Electronic Invoicing Opens A Door To SMB Digitization

“The knock-on impact of eInvoicing can be expansive, supporting digitization of payments, accounting, treasury, customer relationship management and other functions” reports pymnts.com. From a lack of understanding of GDPR rules to an inability to overcome hurdles to technological adoption, small businesses have their work cut out for them to go digital.In Europe, where Teamleader is based, eInvoicing volume grew by 29 percent between 2015 and 2016, with even greater increases in the B2B and business-to-government spaces, according to the European eInvoicing Service Providers Association. Source: pymnts.com

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News 

Teamleader Talks SMBs’ Technology Journeys

“Small businesses struggling to embrace digitization must take the first step to adopt technologies, says Teamleader” reports pymnts.com. Even seemingly straightforward digitization efforts, such as eInvoicing, can be a challenge.A lack of resources exacerbates this struggle, plus, entrepreneurs can find it difficult to implement a new technology, fearing it will actually slow down existing work flows. Source: pymnts.com

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Crypto News 

IBM, Maersk launch TradeLens for supply chain digitization

“IBM Blockchain has tweeted that they have joined forces with transport and logistics company Maersk to launch TradeLens, a blockchain solution for transparency and real-time updates for supply chain management” writes Cecille De Jesus for coingeek.com. We built it from the ground up to serve every player in the global supply chain,” he wrote. “Now we can get parties collaborating who couldn’t before.Among those dabbling in similar ventures are Goldman Sachs, funding cloud-based supply chain company Tradeshift.In a Medium post, Michael White, the head of TradeLens, said that this is…

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Markets News 

Millennials want more from property markets: Transparency, affordability, and digitization

“At treehouse, we provide what people are expecting more from the property market: transparency, affordability and digitization” writes Raz Iordache for venturebeat.com. Tellingly, the percentage of individuals living with their parents, for people born in different years, has increased by age with each successive generation: It’s no wonder then, that millennials are expecting more from the property market: transparency, affordability, and digitization.Mean house prices were 152 percent higher in 2015–16 than in 1995–96 after adjusting for inflation.The key reason for the decline is the sharp rise in house prices relative…

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