Commercial finance a surge in merchant cash advance deals

A surge in merchant cash advance deals has boosted sentiment in commercial finance, with niche lender stocks hitting quarterly highs. Analysts expect margin expansion if consumer spending data remains resilient. A complementary report from VikingCloud found that 82% of North American hotels were hit with a cyberattack in a single summer. This increased risk was due to staff turnover, as well as the prevalence of guest-facing software and technology. Any industry that utilizes payment processing tools, especially if seasonal, needs to be on the watch for cyberattacks. Moderator: Joon Kim, Global Head of Trade Finance and Cash Management Platform, Treasury Services, BNY The FTSE 350 Financials index posted a 1.2% gain driven by UK-based commercial finance firms. Currency stability against the USD is enhancing cross-border lending profitability forecasts.