Top 5 Best Challenger Banks: Cashplus
Meet our No. 1 on the Top 5 Best Challenger Banks list and find out why CEO Rich Wagner says the company belongs there.
SME
Square Opens Manhattan Store
Mobile POS pioneer Square is venturing into new territory with its own brick-and-mortar store in Manhattan.
Top 5 Best Challenger Banks: Capital on Tap
Get to know the SME lending specialist that’s challenging U.K. high street banks by providing zero percent interest when balances are paid in full within 37 days.
Shoeboxed launches Fetch to remove blood, sweat and tears from expense reporting
For anyone who spends hours completing their expense reports, the news that receipt and business card digitisation company Shoeboxed is ushering a travel and expense reporting system out of beta is welcome news.
PayPal to buy Swift Financial to boost SMB lending
After a spate of recent partnership announcements to expand its acceptance network and P2P reach, PayPal is buying Swift Financial to boost its small business lending division.
Sharing Funds across Families, Groups and Small Business with Prepaid and Mobile
Prepaid is having a renaissance thanks to real-time mobile and web account access that’s enabling a number of disruptors to offer prepaid solutions for a new set of customers.
SME lender Kabbage collects $250m investment from Softbank
Online small business lender Kabbage has raised $250 million in funding from Japan’s SoftBank Group. The capital, which takes Kabbage’s total funding to more than $488 million, will be used to support new lending products for small businesses, as well as “exploring non-lending products and services” for its customers, the company says.
xPressTap Wants to Eliminate Payment Card Readers, Reduce Fees
With the Aug. 1 launch of its Tap2App merchant payment solution and pilot program, xPressTap Inc. is enabling micro-retailers and small business owners to use their smartphones to accept card payments without a dongle or a portable card reader.
Payably and CardConnect want to simplify mobile payments for small businesses
Payably, which offers a platform that integrates mobile payments with QuickBooks Online data in real time, is working with CardConnect to “simplify and speed up” mobile payments for merchants, including initial onboarding and processing and receiving payments, reports Paybefore, Banking Technology‘s sister publication. The strategic partnership also gives Payably the ability to offer “competitive” card […]
Payably and CardConnect want to simplify mobile payments for small businesses
Payably, which offers a platform that integrates mobile payments with QuickBooks Online data in real time, is working with CardConnect to “simplify and speed up” mobile payments for merchants, including initial onboarding and processing and receiving payments.
Fintech funding round-up: 25 July 2017
Whether you call it dinero or dough, the fintech funding does flow! This latest round-up features Revolut, Constellation Digital Partners, Paytm, Mobiquest Mobile Technologies and Wesleyan Bank. Following on from the $66 million raised in a Series B round, UK-based payments start-up Revolut is looking for an additional £4 million in exchange for shares in […]
Microblink’s Photopay expands to new European markets
Photopay, the payment receipt scanning solution from Microblink, is now available in more countries including France, Norway, Spain and Sweden, reports Finovate (Banking Technology’s sister company). The news is the latest step in Microblink’s European expansion – begun four years ago – and brings the company’s data extraction technology to an even wider range of SME customers. […]
Fintech funding round-up: 20 July 2017
It’s a treble yell! Following quickly on from 18 July and 19 July, this latest fintech funding round-up features Receipt Bank, Billon Group and TickSmith. Receipt Bank, a bookkeeping automation platform (not an actual bank), has raised $50 million in Series B funding from Insight Venture Partners. The investment will be used to accelerate growth […]
Nesta names 20 fintechs fired up for £5m SME innovation fund
UK-based innovation foundation Nesta has revealed the 20 fintech firms who will participate in its Open Up Challenge as it looks for services, apps and tools for SMEs – with a £5 million prize fund on offer. As reported in March, Nesta launched its challenge – open to entries from anywhere in the world that […]
Curve Hits 50-50 Milestones; Consumer Card to Come
Curve and its all-cards-in-one Curve Mastercard and accompanying banking app apparently has struck a chord with small businesses and freelancers. More than 50,000 SMEs have signed up for the London-based startup’s program, which recorded £50 million (US$63.3 million) in user spending since the beta period began last year.
Commercial banks join the retail revolution: three reasons to consider transformation
Long-term growth will require the commercial banking industry to embrace digital transformation in a way that benefits the institutions’ stakeholder base and satisfies the needs of its end-user clients. And here are three reasons why a commercial bank should consider transformation.
Moroku’s Marrakash makes a splash with POS software deal
German payments company AEVI and Australian software firm Moroku have teamed up to offer POS software in AEVI’s B2B app store. Called Marrakash, Moroku’s software is for small retail and hospitality merchants that integrates their business, products, customers and payment systems into one platform. Moroku says it lets firms run their business “entirely from a […]
Mastercard launches digital payment B2B hub for SMEs
Mastercard has unveiled its B2B Hub to help SMEs speed up invoice and payment processes with accounts payable and payment automation tools. According to the firm, a majority of all B2B payments in the US are still made via cheque with manual payment processes. The Mastercard B2B Hub, delivered through card issuers, is an automated […]
WorldFirst launches international payments platform for SMEs
WorldFirst has unveiled World Account, an international payments platform for SMEs and online sellers. The company states the account offers international banking functionality on one platform. It says “many businesses waste time and money” trying to open up bank accounts in new currencies. These accounts are also often held in the UK resulting in “additional […]
i2c and Bento team to offer SMEs more spending control via prepaid card
i2c Inc. has joined forces with expense management specialist Bento for Business to launch a new prepaid card designed to give small business owners and their employees a better way to manage spending and expenses. Powered by i2c’s Agile Processing payments platform, the Mastercard-branded Bento employee expense card features integrated alerts, card-level restrictions and digital dashboards to enable companies to track and control employee spending in real-time, the companies said.
Fintech funding round-up: 31 March 2017
Lighter and brighter – catch up with fintech funding news in our brief round-up. Features Monzo, Quint and Lidya. Mobile-only challenger bank Monzo has raised another £2.5 million from more than 6,000 investors – the highest-ever number of any Crowdcube campaign. This follows its crowdfunding record of £1 million round last year, which closed in […]
Trade finance and blockchain: the right time
Financial institutions and technology companies have tinkered with trade finance for years, but progress has been slow. Despite automation advances in many areas of financial services, trade finance remains a largely paper-based, manual process. But it could be one area where blockchain technology will be successfully applied.
Top ten digital bank initiatives in 2016
Look back at some of the major digital bank initiatives across the globe in 2016, with Banking Technology’s top ten.
Top five banking tech case studies in 2016
Our pick of banking tech and fintech case studies – published by Banking Technology in 2016.
Santander InnoVentures invests in Tradeshift
Business commerce and supply chain finance platform Tradeshift has got an investment from Santander InnoVentures.
Fiserv launches real-time alerts solution for bank customers, Notifi
Fiserv has launched Notifi, a platform for the delivery of real-time alerts for retail and SME bank customers. Home Federal Bank and C&F Bank are among the first takers. The solution consolidates information from across a financial institution’s systems – including core account processing, online banking and mobile banking, lending software, debit and credit cards […]
Myanmar Oriental Bank in banking software revamp
Myanmar Oriental Bank (MOB Bank) is looking to modernise its core banking software. Banking Technology understands that the new system of choice is Temenos’ T24. Temenos provided a “no comment” response. MOB Bank was set up in 1993 and is privately owned. It has 26 branches and offers savings, remittances and SME financing. The bank […]
Top fintech stories this week – 8 April
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Money 20/20 Europe: Biometric identity, SMEs and final day’s sessions round-up Key highlights, what went well and what could be improved. Money 20/20 Europe: KYC/ID, commerce disruption and femtech round-up Valid points raised, key issues discussed. A must […]
