BankiFi, the Manchester-headquartered technology firm focused on putting banks at “the heart” of business, has announced that it joined Visa Fintech Partner Connect in Europe – a program that assists Visa`s customers with offering the next-gen of virtual banking solutions.
The partner program mainly focuses on Visa’s customers who have shown an interest in enhancing their digital proposition for SMEs.
With an extensive range of microservices for business financial management, BankiFi is specifically developed to make business banking better, enabling banking institutions to offer a set of integrated services – accounting, invoicing, and payments – designed around the processes SME and trade clients use to operate their business.
From invoicing and accounting to cash flow forecasting and working capital optimization, banking institutions may free SMEs from tedious, time-consuming financial admin work and enable their business to truly succeed.
Nick Reid, Head of Sales, Europe and North America, said:
“Amidst growing competition and disruption from digital challengers, many banks are suffering from an erosion of their business banking market share. BankiFi empowers banks to protect and grow SME market share and preserve the relevance of digital business banking channels. We are excited to partner with Visa, who are at the forefront of innovation in digital solutions for SMEs. Through Visa’s partnership and support, we are eager to bring our solutions to banks in additional European markets.”
As reported in June 2021, UK-based technology platform BankiFi had entered the Australian Financial Services market to provide quick payment transfers, allowing small and medium-sized enterprises (SMEs) and avoid issues like late payment and other cashflow-related woes.
The company had already been engaging with Australian financial services organizations from its UK headquarters for 18 months. In addition, the fintech has opened an office in York Street in Sydney offering financial services with an API-first solution.
BankiFi, which is growing its small business client base, had also appointed Lloyd Parata last year to expand into the Australian financial services market.