Sections
small business banking
-
732B2B PaymentsDanske Bank Launches SMB Cybersecurity Initiative
Nordic bank Danske is launching an initiative to support its small business clients’ cybersecurity initiatives. Reports in ComputerWeekly on Monday (May 20)...
-
1.8KB2B PaymentsMetro Bank Combats Internet Hoax With $478M Fundraise
Shareholders have raised $478 million for U.K. challenger bank Metro Bank after an internet hoax raised concerns over the value of the...
-
1.1KB2B PaymentsPersonetics Bridges FIs To AI Small Business Banking Tech
Artificial intelligence financial services technology company Personetics is rolling out a new small business banking tool for its financial institution clients. In...
-
3.0KB2B PaymentsCIBC Targets Data Integration With New SMB Platform
Canadian bank CIBC is rolling out a new small business platform that combines banking, accounting and payroll services, the institution said Monday...
-
2.4KB2B PaymentsBank Mistreatment Of SMBs Goes To UK Supreme Court
U.K. lawmakers continue to crack down on unfair business practices, particularly when it comes to small business lending. But MPs are turning...
-
2.0KB2B PaymentsStarling Loops Account Data Into FreeAgent Platform
U.K. challenger bank Starling Bank is connecting its small business customers to FreeAgent financial management software. Starling Bank is integrating with FreeAgent,...
-
3.5KB2B PaymentsRevised Marijuana Banking Bill Gains New Support
U.S. senators have introduced a revised version of the Secure and Fair Enforcement (SAFE) Banking Act in an effort to connect legal...
-
2.8KB2B PaymentsAussie Lawmakers Want Stronger Recourse For SMB Bank Disputes
Lawmakers in Australia are pushing for legal assistance for small businesses that find themselves in dispute with banks, reports in The Sydney...
-
3.8KB2B PaymentsBank Of America Adjusts Small Business Cash-Back Card Program
Bank of America is making changes to its cash-back small business credit card, reports in NerdWallet said this week. The biggest change...
-
3.9KB2B PaymentsCoconut Joins Race For RBS Funds
After the first round of winners was announced in the competition for shares of Royal Bank of Scotland funds, more players are...
-
3.2KB2B PaymentsMOXY Preps Launch Of New Community Bank With NYMBUS
MOXY bank, preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that...
-
6.0KB2B PaymentsMobile Devices Take On SMB FinTech Functionality, Usability
As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking...
-
5.0KB2B PaymentsAussie Regs Add New Criticism For Big Banks
The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of...
-
4.1KB2B PaymentsTop UK Lenders Launch SMB Branch Joint Venture
The U.K.’s efforts to inject competition in the small business banking and financial services sector have culminated in a range of initiatives,...
-
4.4KB2B PaymentsStarling’s RBS Award Hit By Conflict-Of-Interest Accusations
Controversy surrounding the U.K. government’s awarding of Royal Bank of Scotland funds to challenger banks continues, with critics now claiming the award...
-
7.1KB2B PaymentsControversy Hits RBS’ $1B Fund To Boost Bank Competition
The U.K. government’s mandate that the Royal Bank of Scotland (RBS) allocate about $1 billion for a fund intended to give a...
-
5.1KDigital BankingBank Of America Rolls Out Digital Tool For Entrepreneurs
Bank of America announced on Wednesday (Feb. 6) the launch of Business Advantage 360, a digital dashboard aimed at helping entrepreneurs manage...
-
2.9KRegulationReports Link UK Treasury To RBS’ Small Biz Restructuring Scandal
As the fallout from Royal Bank of Scotland’s small business mistreatment scandal continues, the effects are being felt beyond the institution and...
-
7.0KB2B PaymentsFor Banks, 2019 A Balancing Act Of FinTech And SMB Customer Service
One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services....
-
7.5KB2B PaymentsOnboarding Tech Taps Into Banks’ KYC Burden
It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious...
-
6.2KB2B PaymentsSeven Disruptors Forcing Change In Small Business Banking
In 1960, Yul Brynner, Steve McQueen and Charles Bronson introduced America to “The Magnificent Seven,” a John Sturges film in which seven...
-
7.0KB2B PaymentsOpen Banking Will Bank On Customer Service To Boost Traction With SMBs: Accenture
Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of...
-
4.8KB2B PaymentsOpen Banking’s Mixed B2B Bag
Open banking didn’t just kick off via PSD2 regulations across Europe and the U.K. Rather, banks around the globe began to understand...
-
3.7KB2B PaymentsTide Secures 1 Percent Of UK SMB Banking Sector
A new blog post from U.K. challenger bank Tide claims the company has officially secured 1 percent of the small business banking...
-
3.8KB2B PaymentsCivilisedBank Ready To Reapply For Banking License
U.K. challenger bank CivilisedBank forfeited its banking license earlier this year with plans to shift its focus to underlying infrastructure and technology....
-
7.1KB2B PaymentsAustralia To Buy $1.4B In Non-Bank Small Business Loans
The Australian government has announced a new initiative to support small business finance following a series of steps to crack down on...
-
4.8KB2B PaymentsRBS’ NatWest Pilots App-Only SMB Bank Account
NatWest, the U.K. financial institution owned by RBS, has launched a mobile app-only small business bank account, according to reports on Tuesday...
-
4.4KNewsFive At Five: Do Banks Really Appreciate SMBs?
Welcome to Five at Five, your daily look at the payments and commerce news of the day. Today’s coverage includes new data...
-
4.3KB2B PaymentsVirgin Money Buyout By CYBG Receives All-Clear
A court hearing late last week gave the all-clear for CYBG to complete its acquisition of Virgin Money for $2.24 billion, finalizing...
-
3.3KB2B PaymentsStarling To Open Business Account Services Beyond Sole Traders
U.K. challenger bank Starling Bank emerged on the market with a focus on consumers and sole traders, but the company is now...
-
4.8KB2B PaymentsFed Backs Community Bank Regulatory Overhauls
The U.S. Federal Reserve caught the attention of the financial services market this week with Fed Governor Lael Brainard’s speech Wednesday (Oct....
-
7.5KB2B PaymentsHSBC Integrates SMB, Personal Banking Services
HSBC is streamlining its banking services for clients with both a small business and personal account. In a press release on Tuesday...
-
3.1KB2B PaymentsQonto To Develop Biz Payments Tech With New Funding
More than a year after launching its business banking solution, France-based Qonto has secured new funding. Reports on Monday (Sept. 24) said...
-
3.9KB2B PaymentsHong Kong Readies First Digital Banking Licenses
Hong Kong’s financial services market is gearing up for a battle between FinTechs and traditional institutions as the government prepares to issue...
-
3.2KB2B PaymentsSmall Firms Target RBS Execs In New Investigation
The fallout over the Royal Bank of Scotland’s mistreatment of some small business customers continues, with a new investigation launching after the...
-
3.5KB2B PaymentsChina Fiscal Policy At Odds With SMB Lending
China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according...
-
2.4KB2B PaymentsSBA Enhances CalPrivate Bank’s Small Business Lending
Private Bancorp of America has announced that its subsidiary CalPrivate Bank now has two separate Small Business Lending channels so that it...
-
3.3KB2B PaymentsPIRS Capital Talks Merchant Cash Advance Evolution
Small businesses’ use of alternative finance platforms is slowly on the rise. While data from the Federal Reserve shows small and large...
-
4.2KB2B PaymentsB2B Finance As A Service Tops This Week’s VC List
The big B2B venture capital news of the week was Augmentum Fintech’s trio of investments, signaling the company’s focus on the B2B...
-
6.5KRegulationFCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses...
-
3.5KB2B PaymentsAussie Regs Accuse NAB Of Decade-Long Fee Scheme
Australian regulators have made public a report into National Australia Bank (NAB), accusing the FI of charging consumer and small business customers...
-
3.5KB2B PaymentsRBS Flunks Small Businesses’ Test In New UK Report
The U.K. Competition and Markets Authority (CMA) has released its biannual report on the best and worst financial institutions for small businesses,...
-
3.2KB2B PaymentsWatchdog Says Its Hands Are Tied; Takes No Action Against RBS
The Royal Bank of Scotland (RBS) will not face enforcement action by the U.K. Financial Conduct Authority (FCA), according to Reuters reports...
-
4.2KB2B PaymentsFinTech Follows Open Banking As It Spreads Across Borders
The U.K.’s Open Banking regulation made waves in the financial services market, and those effects have been felt far beyond the U.K.’s...
-
2.7KB2B PaymentsSantander Bridges SMBs With China
U.K. bank Santander is hoping to bridge local small businesses to the Chinese market, and is kicking off a series of networking...
-
2.8KB2B PaymentsFairFX Launches Its Small Business Current Account
FairFX has launched its small business account after announcing plans for such a solution late last year. In a press release covered...
-
3.6KB2B PaymentsTD Bank Teams With BizEquity For SMB Valuation
TD Bank says it is the first top-10 U.S. bank to work with BizEquity in a new service to help small businesses...
-
5.1KB2B PaymentsWhy Banking The ‘Accidental Entrepreneur’ Takes Baby Steps
When you picture a small business owner, who comes to mind? The stereotype may be a young professional beaming at a storefront,...
-
3.0KB2B PaymentsMicro-Businesses’ Major Role In SMB Banking Disruption
Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional...
-
2.7KB2B PaymentsCash-Strapped Entrepreneurs Squeezed Out Of Marijuana Business
Tight regulations around the legal marijuana industry are barring non-wealthy entrepreneurs from entering the market, according to reports from Forbes on Wednesday...
