SoFi is expanding its blockchain efforts with the debut of its Big Business Banking tool. The new offering is designed to let businesses manage fiat and cryptocurrency banking from a “single, nationally chartered bank,” the financial services company said in a new release provided to PYMNTS...
U.S. Bank is introducing an update to its treasury management platform SinglePoint. The enhanced offering, announced Monday (Oct. 27), is designed to help the bank’s business clients more easily manage their liquidity, cash flow and financial risk. “SinglePoint is often a daily point of entry for businesses to...
HSBC is reportedly winding down its business banking unit in the U.S. as it sharpens its focus on other markets. As it disbands the business banking unit, which served small and medium-sized businesses (SMBs) in the U.S., the bank laid off 40 employees earlier this...
British neo-bank Monzo says it now has more than 500,000 business customers. And with that milestone, the company announced Wednesday (Oct. 16) a new plan for “bigger small businesses” called Team, designed to give business owners more control over their financial management with less expense...
September 29, 2021
“Complete nightmare.” You wouldn’t expect opening a business bank account in Europe to be described this way, given the advanced technologies that developed regions are known to possess. But that seems to be the case, according to Laurent Descout, CEO and co-founder of NEO, who said that what used to be a specific problem of […]
February 16, 2021
For decades, business banking has remained on a steady, straight path. Financial institutions (FIs) were required to provide foundational products and services, like moving and lending, to their enterprise and...
December 30, 2020
As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. Ideally, they need to change existing ecosystems without giving rise...
August 02, 2018
Speed? Not the most important thing when it comes to B2B payments. Turns out transparency is king, and according to Barry Rhodes, EVP and head of payments at iGTB, FIs...
October 07, 2026
Chase is expanding its payroll service to help business clients dealing with cash flow pressures. The new offering, announced Wednesday (Oct. 7), brings Chase Payroll alongside the banking and payment activities business customers already manage through the lender. “Small business owners are constantly balancing employees, customers, expenses and cash flow,” Stevie Baron, CEO of Chase […]
April 02, 2026
SoFi is expanding its blockchain efforts with the debut of its Big Business Banking tool. The new offering is designed to let businesses manage fiat and cryptocurrency banking from a “single,...
October 27, 2025
U.S. Bank is introducing an update to its treasury management platform SinglePoint. The enhanced offering, announced Monday (Oct. 27), is designed to help the bank’s business clients more easily manage their liquidity, cash...
May 30, 2025
HSBC is reportedly winding down its business banking unit in the U.S. as it sharpens its focus on other markets. As it disbands the business banking unit, which served small...
