The problem with Silicon Valley venture capital,  peer-to-peer lending, Lending Club, Prosper, Indiegogo, SeedInvest, Fundable, Betterment, Wealthfront, Personal Capital, other "robot advisers," Zestdata, factors, purchase order financiers and others are manyfold. First their rates for loans related to small business growth, are high. Secondly, these organizations do not finance foreign receivables unless the rates are punishing. Venture capital, IPOs, and such other modes as crowdfunding dilute ownership as shares are sold to investors in exchange for their cash.

Sibos Interview with Rajiv Desai , SVP-US Operations, Pelican

As a significant member of the Banking Industry Architecture Network (BIAN), it’s encouraging to see IBM actively promoting banking industry standards and encouraging collaborative, innovative technology solutions for banks worldwide. It is the collective mission of BIAN’s sixty plus members to promote a common architectural framework to try to solve interoperability issues, ubiquitous with the industry.

essDOCS, the leading enabler of paperless trade, announced today that Non-Executive Board Member, Andre Toet, has been appointed Chairman of the Board of Directors. He succeeds Barry Williams, who is standing down after chairing the board since 2013, having previously served a term as Chairman from 2006 to 2011.

 ChargeBee, an online subscription and recurring billing management solutions provider, has partnered with Worldpay, a global leader in payment processing, to offer a new integrated payments solution for subscription billing.

This announcement marks the beginning of a unique collaboration in online payments, by allowing ChargeBee customers to benefit from Worldpay’s eCommerce solutions – all via a single pre-built integration – combining access to pure cloud-based SaaS billing and global payment processing.

 Following the successful launch of its smartphone app for iOS customers, Oakam (www.oakam.com), a UK-based lender providing financial services to people who find it difficult to borrow from banks, today announced the app is now available to download for Android phones via Google Play.

Linedata, the global solutions provider dedicated to the investment management and credit industries, is pleased to announce thatLinedata Capitalstream, the market reference of credit decision makers, has an entirely new series of campaigns to illustrate their expanded ability to serve their global clients with  modular, integrated end-to-end Lending and Leasing solutions.

The Reverend Jesse Jackson calls prison the exhaust of a failed economic engine. The U.S. has more people in prison per capita than any other country on earth. There is a disproportionate number of black youth in the U.S. prison system. The distressing news has arrived that the mortality rate among white, non-college-educated men and women in the rural suburbs of theU.S., who are 45-54 years of age, is rising at an alarming rate. The chief culprit is the usual suspect; unemployment.

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has entered into a definitive agreement to acquire a majority interest in Polaris Consulting & Services, Ltd. (“Polaris”) (BSE: POLARIS NSE: POLARIS MSEI: POLARIS), a global provider of IT solutions primarily to the banking and financial services industry segment, for approximately $270 million.