There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. Investors found promise in startups that target financial institutions (FIs) with software to improve their own services, as well as FinTechs that offer...
As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. This week’s exploration of the latest in bank-FinTech collaborations and data integrations finds an opportunity for accounting portals to drive customer loyalty through data connectivity,...
In a boon for small business (SMB) banking, Redwood Bank has teamed up with Insignis Cash Solutions to offer savings accounts to Insignis’ SMBs through the Insignis Cash Platform, according to a press release. As of mid-February, clients of Insignis can put funds into a Redwood...
Customer service is the lifeblood of financial services, just as much as credit cards, debit cards and checking accounts. But as banking becomes ever-more mobile, and account openings and activities are done through digital channels, the very definition of support – and how it should...
November 27, 2019
It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take up more space at the table, and, for various reasons, often face fewer barriers to market entry and expansion than small- and medium-sized businesses (SMBs). That can hold especially true in wealthy countries, […]
August 16, 2018
The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses will have better information about the services offered by account providers so they can make better decisions about which services are right for them. In an announcement, the FCA said that under new […]
September 08, 2017
Weeks after reports surfaced that some small business accounts at HSBC had been frozen, a result of the FI revamping anti-money laundering (AML) crackdowns, HSBC has said it is compensating...
