CivilisedBank name change leaves founder short-changed
EXCLUSIVE. UK challenger bank now called Allica. Founder now trying to make sense of it all.
SME
Australian challenger bank Judo powers on with Vermeg regtech
Selects AgileReporter package for APRA requirements.
Lending platform JUMO gets $12.5m funding
Takes total raised in excess of $103 million.
Could PayPal dethrone banks when it comes to small business loans?
In the field of small business loans, PayPal is certainly changing the traditional paradigm.
UNICEF fuels SME funding for emerging markets
Its innovation fund gives Atix Labs some support for good causes.
India’s FinXtree fires up for fresh fintech products
Plans to develop digital products for lending and blockchain solutions.
CUNA Mutual Group acquires lendtech Mirador
US firm aiming for digital lending market for credit unions.
PASS Consulting bags 15 German bank tech wins
Guarantee banks switch to its SolutionWorld Banking solution.
Cynergy Bank launches rebrand following acquisition
Previously known as Bank of Cyprus UK.
UK’s new SME dispute scheme gets disputed
An MP says caps on payouts are too low and there are concerns over costly court action.
Open Banking: how the rhetoric is becoming a reality
We need to change the first five pages of a Google search from cynicism and hyperbole to positive stories.
WorldRemit and Brac on track for Bangladesh payments
New partnership allows bank and mobile money transfers to the country.
Atom Bank in tech refresh with Thought Machine
A multi-year deal will put Atom’s personal and business banking products onto Thought Machine’s Vault tech.
PayPal’s iZettle acquisition raises UK competition concerns
UK’s Competition and Markets Authority poking around.
Achieving growth of SME lending by harnessing digital customer data
An organisation’s data strategy is there to serve the overall business strategy.
South Africa’s FNB turns to township trade
First National Bank partners with Selpal for new customers.
Australian challenger bank Judo gets $350m funding boost
Receives debt facility agreement with Credit Suisse.
UK challenger bank Monzo to launch business current account
Will apply for funding from Alternative Remedies Package to make this happen.
IBM and BearingPoint bopping with regtech BPO offering
Duo targets SME market with business process outsourcing.
Plastiq gets $27m funding to its credit
US firm offers way to pay bills and business expenses by credit card.
TSB’s new CEO aims for banking redemption
Debbie Crosbie to join troubled bank from CYBG. She’ll be busy.
MaxMyInterest brings clever cash management to Radius Bank
Bank to offer a new account, Radius Max Savings.
Digital receipts fintech Slyp-s into the market
Easy to use, easy to set up.
German start-up Modifi powers up for digital trade finance
New firm created by team behind payments provider BillPay.
Sizing up the real threat of challenger banks
Challenger banks’ current profitability is almost entirely unrelated from the threat they pose to incumbents.
UK challenger CivilisedBank tries again for banking licence
Bank gets more funding for this attempt.
Cashflow controller Fluidly gets $5m funding flow
Round led by Nyca Partners.
Italian lendtech Credimi feeling dreamy with €10m funding
Gets investment funds from United Ventures and Vertis.
ANNA Money, a business account that meows
The card makes the “purrfect” sound.
Bangladeshi lendtech ShopUp receives $1.62m investment
Automating online credit assessment for MSMEs.
CardFlight partners with Payscape for merchant base race
Payscape will offer CardFlight’s SwipeSimple tools.
Coconut smashes crowdfunding goal in a day
Over £650k raised, from an initial goal of £500k.
Emirates NBD debuts API sandbox
Says it’s the first bank in the UAE to introduce such a platform.
Cash management app Slide glides into the market
So SMEs can take control of their finances.
Factris receives €1.5m funding and acquires Crown Finance
The firm offers factoring to small and medium-sized enterprises in Europe.
Ahli United Bank signs up for retail payments with AFS
Utilising Android as PoS.
Blockchain start-up INVioU looks to raise $2m
INVioU looks to “create new possibilities of factoring for small businesses by using blockchain technology”.
Gusto teams with ScaleFactor to automate accounting for SMEs
Gusto business users can sync payroll and benefits directly with accounting and financial data.
ICICI Bank integrates banking and accounting with Open
Targeting India’s micro, small and medium enterprise sector.
Biz2Credit tech to provide online business loans to Popular Bank
Over half of business loans are processed online.
