A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for SME borrowers. The research, published last week, found that there are more aspects to small business banking than borrowing money...
RBS, one of the U.K.’s top banks, is required allocate to more than $1 billion to help small businesses switch to its competitors. Reports Thursday (July 26) said the Royal Bank of Scotland will be required to establish an innovation investment fund worth nearly $670 million,...
Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. An announcement by the financial institution (FI) this week said it now enables small businesses to apply for loans via its mobile app. “Our new small business mobile lending experience...
India’s Axis Bank, which has strengthened its position in the global corporate banking and payments space, is offering a new service to SME clients. An announcement Wednesday (July 19) said Axis is rolling out Invoicemart, a digital invoice discounting platform for small businesses. The bank...
November 03, 2016
Will alternative lending platforms eat away at traditional banks’ market share? That’s been the question for the past few years, with many analysts agreeing that alternative finance won’t rise as a threat against banks. With financial institutions beginning to collaborate and partner with these alternative players, it seems even less likely that the two sides […]
October 13, 2016
Nearly half of Canada’s SMEs have applied for some form of financing in recent years. But despite its market size, SMEs are struggling to get the working capital they need....
October 10, 2016
The year’s third quarter is over, so it’s prime time to check into the economy. Part of that effort, of course, includes examining the state of the foundation of the...
September 13, 2016
As the fluctuations within the small business lending industry continue, SMEs must keep their eye on the state of the market: whether capital is available, how affordable it is and...
September 26, 2022
Fidelity Bank has partnered with Nigeria’s Small and Medium Enterprises Development Agency (SMEDAN) to try and bridge the gap in helping smaller businesses get funding, a company blog post said. The company said the partnership will bolster what it’s already doing in Nigeria to support small-to-midsize enterprises (SMEs). “For us at Fidelity Bank, supporting SMEs […]
November 16, 2016
Despite what Bank of America describes as a “challenging business environment,” SMBs are thriving, thanks in large part to friends and family. The bank released its latest semi-annual report on small businesses...
May 30, 2016
As the fallout over SWIFT’s cyber breaches continues, the U.K. has put forth proposals that would require the customers of banks – not the banks themselves – to cover the...
March 10, 2016
When it comes to the economy, SMEs might just be the Cinderellas of the market — without the fairy tale ending. That’s how iGTB sees it, at least. The digital global...
