Sections
small business banking
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839B2B PaymentsSpeed Finds Opportunity In B2B Payments Beyond Accounts Payable
Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. However, it’s not necessarily the ability...
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1.4KB2B PaymentsTide Follows Starling In Online SMB Banking Push
Another U.K. challenger bank is expanding its mobile-first strategy to the web. Tide, which targets small and medium-sized business (SMB) customers, announced...
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2.2KB2B PaymentsSmall Biz FinTech Leads End-Of-Summer B2B VC
In the waning days of summer, venture capitalists appear to be in a lull: only $51.2 million was placed with B2B FinTechs...
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1.8KB2B PaymentsChallenger Lender B-North Taps Mambu, nCino For Launch
U.K. challenger bank B-North has tapped two FinTechs to power its small business lending and banking operations. In a press release Tuesday...
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2.4KB2B PaymentsSquare, TSB Bank Team Up For Suite Of SMB Services
Point-of-sale technology firm Square is teaming up with U.K. bank TSB Bank to offer a suite of financial services to joint small...
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2.7KB2B PaymentsSMBs Hang In The Balance Of Bank-FinTech Collaboration
Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial...
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1.6KB2B PaymentsTop Banks Adjust Asia Strategy To Support Corporate Clients
Some of the world’s largest banks are adjusting their strategies in Asia in order to strengthen their support of corporate and small...
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1.8KB2B PaymentsCurrencycloud, Iwoca Next To Land RBS Funds
Four U.K. FinTechs have been named as the next winners of funds from the Royal Bank of Scotland (RBS) to boost financial...
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2.4KB2B PaymentsIn Banking, The Line Between SMB And Consumer Can Blur
In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized: firms are often considered too small...
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1.9KB2B PaymentsIndia’s AU Bank Enables Account Opening Through WhatsApp
India’s AU Small Finance Bank is rolling out an integration with WhatsApp, allowing small business customers to open an account on the...
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2.0KB2B PaymentsTide, Starling Ramp Up Rivalry Over SMB Customers
The rivalry between U.K. challenger banks Tide and Starling continues to heat up as Tide signs on its 100,000th small business customer....
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3.1KB2B PaymentsWise Launches SMB Bank Services Via BBVA Partnership
Digital small business banking technology firm Wise is collaborating with BBVA Open Platform to launch a new small business banking product. In...
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2.6KB2B PaymentsBrazil’s Nubank On The Universal Pain Points Of Small Business Banking
The U.K. may be the world’s hotbed for challenger banks, but it’s not the only market witnessing a surge in bank competition...
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1.8KB2B PaymentsUK Businesses Accelerate Bank Switching
Small businesses in the U.K. accelerated their bank-switching in the second quarter of 2019, with twice as many small and medium-size businesses...
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2.5KB2B PaymentsStarling Bank Launches Multi-owner Accounts For Larger SMBs
U.K. challenger bank Starling Bank has introduced a new feature to let multiple business owners access a single account. A press release...
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2.9KB2B PaymentsNubank Lets SMBs Test New Bank Service For Free
Brazil FinTech Nu Pagamentos SA, also known as Nubank, is preparing to launch small business digital accounts, Reuters reported on Tuesday (July...
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2.2KB2B PaymentsCity Of London Group Preps UK Banking License For Recognise
The U.K. is seeing no signs that its influx of challenger banks will slow down. Another industry player, City of London Group,...
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3.0KB2B PaymentsInvestors Eye B2B eCommerce, Expense Tools
Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expense management and B2B eCommerce,...
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1.5KB2B PaymentsLaw Curbs IRS’s Power To Raid SMB Bank Accounts
The Internal Revenue Service will have less power to raid small business bank accounts as the result of new legislation signed into...
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1.9KB2B PaymentsUK SMB Challenger Bank Competition Ramps Up
U.K. challenger bank Tide is closing in on surpassing the market share of competitor The Co-Operative Bank, reports in AltFi said this...
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1.7KB2B PaymentsHeartland Launches Online Biz Acct Opening For Community FIs
Banking holding company Heartland Financial is broadening its online bank account opening capabilities to the business community. A press release Friday (May...
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1.8KB2B PaymentsCashplus Eyes Startup Credit Ratings In RBS Fund Application
U.K. challenger bank Cashplus is the latest to apply for a share of the approximately $1 billion fund set aside by RBS...
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2.3KB2B PaymentsUK Banks Create Money Pool To Refund Fraud Victims
A group of U.K. financial institutions are signing a voluntary code to refund consumer and small business victims for fraud schemes, the...
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1.5KB2B 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)...
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2.9KB2B 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...
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1.8KB2B 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...
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4.1KB2B 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...
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3.2KB2B 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...
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2.5KB2B 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,...
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4.2KB2B 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...
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3.4KB2B 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...
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4.4KB2B 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...
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4.6KB2B 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...
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3.9KB2B 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...
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7.4KB2B 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...
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5.5KB2B 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...
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4.5KB2B 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,...
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4.7KB2B 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...
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7.7KB2B 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...
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5.7KDigital 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...
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4.6KRegulationReports 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...
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8.0KB2B 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....
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8.2KB2B 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...
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7.0KB2B 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...
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7.7KB2B 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...
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5.2KB2B 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...
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4.1KB2B 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...
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4.1KB2B 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....
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7.5KB2B 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...
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5.4KB2B 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...
