Tagged: business banking

September 11, 2023 @ 11:06 pm By Omar Faridi  |  

Bluevine, the “one-stop” digital banking platform specifically designed for small businesses, today announced expanded FDIC insurance coverage of up to $3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x… Read More

June 30, 2023 @ 8:00 am By Omar Faridi  |  

NatWest, which claims to be the UK’s biggest bank for business, is offering 24 months of free business banking to UK businesses “switching their main business banking account to NatWest.” The new SME switcher offer from NatWest for businesses “with up to £2m in turnover… Read More

June 1, 2023 @ 3:44 pm By Omar Faridi  |  

Bankjoy, a digital banking provider, has launched Business Banking 2.0, which features new product and service enhancements designed to help banks and credit unions better serve businesses across their local communities. Bankjoy announced “the launch of Business Banking 2.0 at Corelation’s 12th Annual Client Conference… Read More

May 16, 2023 @ 10:09 pm By Omar Faridi  |  

Emirates Islamic, which claims to be one of the leading Islamic financial institutions in the UAE, has launched the new Emarati Absher Business Account designed exclusively “to provide a comprehensive suite of premium banking solutions for Emarati start-ups in the UAE.” The new business banking… Read More

March 26, 2023 @ 1:05 pm By Omar Faridi  |  

Fusion Bank, a virtual bank strategically invested in by Tencent Holdings Limited, announces the launch of Business Banking Services “to provide flexible and convenient Internet Banking services to local small and medium-sized enterprises (SMEs), empowering them to expand their businesses.” SMEs can now “submit Fusion… Read More

January 15, 2023 @ 10:26 pm By Omar Faridi  |  

Qonto has revealed its roadmap for the integration of Penta. Qonto, which claims to be the European market leader in digital financial management for SMEs and freelancers joined forces with Penta, the digital business banking provider for SMEs and freelancers in Germany last summer. The… Read More

January 12, 2023 @ 11:26 pm By Omar Faridi  |  

Intergiro, a Swedish business account provider and payment processor, has announced that it will offer free banking services “to merchants who open a merchant business account with the company.” This move comes in response “to rising inflation rates and uncertain market conditions, which places pressure… Read More

January 11, 2023 @ 8:48 am By Omar Faridi  |  

Tide, the UK’s business banking platform, has announced the appointment of Vinay Ramani to the new role of Chief Product Officer. Vinay will drive Tide’s vision “for its global product strategy, broaden Tide’s small business-focused offering in the UK and India, and progress Tide’s members’… Read More

October 14, 2022 @ 9:00 am By Omar Faridi  |  

NorthOne recently announced it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne claims it is poised “to further expand the reach of its business banking and financial management platform across all sectors of the small business community.”… Read More

August 17, 2022 @ 2:44 pm By Omar Faridi  |  

Scotiabank recently announced the launch of Scotia TranXactTM – a digital payments platform that “provides business banking clients with on-demand access to Scotiabank’s payments and cash management Application Programming Interfaces (APIs).” With Scotia TranXact business banking clients now “have access to real-time payments, request-to-pay and… Read More

June 16, 2022 @ 9:01 pm By Omar Faridi  |  

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

March 29, 2022 @ 11:32 am By Omar Faridi  |  

Mettle, the NatWest-backed digital account for small businesses operating in the United Kingdom, has reported 500% customer growth since the beginning of last year, reaching 50,000 clients nationwide. Established back in 2018, the app-only banking service offers hard-pressed freelance workers, sole traders, and small business… Read More

December 2, 2021 @ 9:37 pm By Omar Faridi  |  

Digital banking provider Bankjoy has announced the launch of its business banking platform, empowering its customers with the best tools to “help attract and drive loyalty among small businesses within their communities.” Recently surpassing 1 million members with access to its platform, Bankjoy’s virtual banking… Read More

November 12, 2021 @ 8:32 am By Omar Faridi  |  

The European Banking Authority (EBA) has released its discussion paper on machine learning “used in the context of internal ratings-based (IRB) models to calculate regulatory capital for credit risk.” As noted in the announcement, the stated aim of the discussion paper is to clearly establish… Read More

October 30, 2021 @ 4:25 pm By Omar Faridi  |  

American Express (NYSE: AXP) has introduced its Business Checking account intended for SMEs operating in the US. This all-digital Business Checking account aims to provide a secure, high-yield, and low fee virtual banking experience with a competitive APY of 1.1% on balances of up to… Read More

August 25, 2021 @ 8:22 am By Omar Faridi  |  

EedenBull, a Fintech firm focused on B2B commercial payments tech, has formed a partnership with Sparebanken Vest, which is Norway’s third-largest savings bank. Through the partnership, the companies will offer banking services tech to the bank’s 13,600 business clients across Western Norway. Working cooperatively with… Read More

August 24, 2021 @ 8:38 am By Omar Faridi  |  

Newly-introduced SME bank, Recognise Bank, reveals that it has acquired £14 million in funding, which includes a recent investment from one of its existing shareholders. The capital injection means that Recognise Bank has now satisfied the financial requirements established by the PRA (Prudential Regulation Authority),… Read More

August 16, 2021 @ 12:14 pm By Omar Faridi  |  

UK’s digital bank Starling notes that with their platform and financial services, clients are able to bank “anywhere.” According to Starling Bank, that’s what makes them a wonderful app for business owners “out and about at festivals.” As part of this ongoing support for the… Read More

August 16, 2021 @ 9:27 am By Omar Faridi  |  

UK-based digital bank Monzo notes that getting paid can be fun, but quite often, what “goes on behind the scenes isn’t.” According to Monzo’s blog post, if anything, getting paid may “take the fun out of business fundamentals.” Monzo, which is currently the subject of… Read More

April 29, 2021 @ 8:03 am By Samantha Hurst  |  

  Virgin Money announced on Thursday it has joined forces with Trade Ledger, a fintech specializes in data-driven lending technology, to build on its business banking proposition. According to Virgin Money, Trade Ledger is a tech provider for commercial banking and financial services. It supports banks… Read More