PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Funding Xchange Unlocks SMB Data For Loan Quotes. In another statement, AccountScore CEO Emma Steeley said, “It is wonderful to see the growth of Open Banking in the [SMB] arena.”

Accounting 87

Accounting Banking Invoicing Sales 87

PYMNTS

MARCH 23, 2020

. “Increasingly, many lenders have been starting to focus on [SMBs] and lending to [SMBs],” said Gabriele Sabato, who holds a doctorate in finance and is CEO and co-founder of SMB loan underwriting firm Wiserfunding , in a recent interview with PYMNTS. SMBs are notoriously difficult to underwrite. .

Finance 75

Finance Banking Accounting Technology 75

PYMNTS

JANUARY 7, 2021

In an environment in which connecting small- to medium-sized businesses (SMBs) to vital financial services and products is more imperative than ever, the world of SMB banking and FinTech is fostering an ecosystem of collaboration to expand availability. Orange Bank Acquires Anytime. Financial terms of the takeover were not disclosed.

Mergers and Acquisitions (M&A) 78

Mergers and Acquisitions (M&A) Cash Flow Forecasting Invoicing Nonprofit 78

PYMNTS

MARCH 26, 2020

As more government entities introduce measures to aid SMBs, banks and FinTechs have launched their own programs this week to accelerate access to much-needed capital for their SMB customers. to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. SMB Support.

Nonprofit 69

Nonprofit B2B Banking Finance 69

PYMNTS

SEPTEMBER 29, 2020

Overall, Marco Financial has noted, banks reject 50 percent of small- to medium-sized business (SMB) financing applicants. retailer’s account, and then pay the exporting SMB the remaining 10 percent to 20 percent of the invoice (less a fee). Depending on the terms, Marco would then collect directly from the U.S.

Finance 114

Finance Invoicing Accounting Banking 114

PYMNTS

OCTOBER 21, 2020

Chase has also said that its new SMB offering will enable firms to take card payments within minutes. As PYMNTS has noted in past studies, as recently as July, 76 percent of SMBs had been experiencing cash flow shortages – and a whopping 90 percent of Main Street SMBs want access to real-time settlement of funds.

Marketing 122

Marketing CFO Sales Accounting 122

PYMNTS

NOVEMBER 30, 2020

The goal of the partnership is to provide "relief and stability" for small- to medium-sized business (SMB) owners, the companies said in the post. Razorpay Co-Founder and CEO Harshil Mathur said the company is working with Visa on a new corporate card, according to YourStory.

Compliance 101

Compliance Startups Finance Securities 101

PYMNTS

AUGUST 5, 2020

Martin Mucci , CEO of Paychex , the payroll processing and human resources company, said the amount of small- to medium-sized business (SMB) employment has fallen again, CNBC reported. The news comes after the amount of employment at SMBs seemed to be trending upward over the past few months.

Construction 72

Construction Sales 72

PYMNTS

NOVEMBER 30, 2020

Razorpay, Visa Team for SMB Corporate Cards. The goal of the partnership is to provide "relief and stability" for small to medium-sized business (SMB) owners, the companies said in the post. Yoba Smart Money, Nets Partner on SMB Payments.

B2B 64

B2B Invoicing Cost Management Currencies 64

PYMNTS

MAY 1, 2020

Small business credit scoring is an emerging area of the financial services arena as financial institutions and alternative lenders expand their appetite for SMB loans. has been instrumental to opening up this opportunity for SMBs, said Keller. Open Banking Transforms The Risk Profile. Open Banking in the U.K. Past, Present And Future.

Banking 95

Banking Education Financial Data Finance 95

PYMNTS

AUGUST 9, 2020

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press release says. Agora SMB will offer its users new options for unlimited plastic and virtual cards for employees.

Banking 67

Banking Treasury Accounting Technology 67

PYMNTS

JUNE 29, 2020

Trade Ledger has been working to aggregate and store data directly from SMB applications to help digital credit products and has been combining transaction data from banks and credit history data from credit bureaus to help underwrite risk.

Leverage 76

Leverage Finance Banking Accounting 76

PYMNTS

APRIL 16, 2020

Retail sales in the United States fell by almost 9 percent in March alone, and PYMNTS research suggests that the average SMB expects to run out of cash two months before the pandemic ends — even with government assistance. What measures are SMB owners taking to stay afloat when emergency funding is not enough to sustain them?

Retail 91

Retail Technology Sales 91

PYMNTS

AUGUST 27, 2020

Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to access money "within minutes," according to a report from News.com.au. The report stated the loan amounts were completed within 20 minutes.

Banking 69

Banking Finance Investments Technology 69

PYMNTS

JANUARY 15, 2021

EedenBull , which works with payment and spend technology, has a new agreement with National Australia Bank (NAB) in which the bank will let its small- to medium-sized business (SMB) users access EedenBull’s payment and spend platform, according to a report from Finacial IT.

Banking 68

Banking Technology B2B 68

PYMNTS

DECEMBER 14, 2020

Access Bank will offer Google Ad credits for free for the first SMB entrepreneurs to sign up for a card. A state of cash flow report found that 61 percent of SMB owners don't know how much money their business is spending every month.

Banking 72

Banking Microsoft Office Accounting B2B 72

PYMNTS

APRIL 16, 2020

With the coronavirus forcing small- to medium-sized business (SMB) owners to digitize, adjust business models, close their doors or furlough staff, entrepreneurs are quickly recognizing that the old ways of operating no longer cut it in today’s volatile, remote world. Overdue Digitization. Payroll’s Moving Target.

Planning 70

Planning Marketing Securities Sales 70

PYMNTS

FEBRUARY 3, 2020

Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S., Goldman would use its latest lending technology to offer SMB loans on Amazon’s lending platform as soon as next month, two sources told FT. Financial Times reported on Monday (Feb.

Credit Risk 52

Credit Risk Leverage Banking eCommerce 52

PYMNTS

JULY 21, 2020

and has announced positive results of its SMB program. Amazon also released the results of its annual SMB report, which is a bit dated due to the effect of the pandemic in the second quarter of this year. That effect could drive SMB digital business up even more than the company’s 2019 levels. billion products, up from 2.7

Sales 58

Sales eCommerce Retail Numbers 58

PYMNTS

APRIL 16, 2020

Funding Options struck a data-sharing agreement with 20 alternative lenders to make SMB loan applications more efficient, while in the U.S., Their joint solution adheres to CARES Act requirements, enabling SMB lenders to facilitate funding to small businesses in need of financial support via PPP loans, their press release noted.

Finance 67

Finance Foreign Exchange Compliance Banking 67

PYMNTS

OCTOBER 8, 2020

This results in cost savings of up to 80 per cent and allows [SMB] banks and lenders to assess and approve loan applications within five minutes, in a fully digital customer experience,” Goldin said in the release.

Foreign Exchange 56

Foreign Exchange B2B Invoicing Banking 56

PYMNTS

DECEMBER 11, 2020

That might include another stimulus package, in which case Puskar said Eastern Bank is ready for another period of potentially hectic SMB lending. It will also include the continuing practice of looking beyond historical data to assess SMBs' future performance when decisioning and underwriting a loan.

Banking 93

Banking Finance Forecasting Planning 93

PYMNTS

MAY 4, 2020

Not only has Singapore rolled out an Accountancy Industrial Digital Plan to encourage the accounting sector’s own digitization, but according to Chang, the ecosystem as a whole is facing market pressure to elevate its SMB clients’ ability to operate in a digital economy. ” Easing SMB Globalization. ”

eCommerce 67

eCommerce Accounting Accounting Firms B2B 67

PYMNTS

NOVEMBER 18, 2020

The event is the company's 11th annual one, and the American Express Shop Small Impact study found that 78 percent of businesses reported that a social media campaign had helped to drive sales, with endorsements of small- to medium-sized businesses (SMBs) having the potential to be worth as much as $197 billion for the U.S. SMB economy.

Economics 80

Economics Sales Retail Numbers 80

PYMNTS

APRIL 23, 2020

With Congress having passed renewed funding for the Paycheck Protection Program (PPP), another round of small- to medium-sized business (SMB) coronavirus relief loans is on the way, and likely to go just as fast as the first round. LendingTree. Lendsmart, Griffin Technologies. Fresno First Bank.

Banking 56

Banking Technology Compliance Finance 56

PYMNTS

APRIL 10, 2020

A guideline impels commercial lenders to provide SMBs with loans at a rate that is not below the lending growth rate in the industry. It also detailed different goals to command the bad loan ratio on SMB loans and lending rates. Those difficulties encompass different lending criteria and unclear eligibility criteria.

Finance 60

Finance Banking Economics B2B 60

PYMNTS

JULY 7, 2020

It also opened the door for a boom of FinTech innovation and a flood of alternative lenders targeting the small- to medium-sized business (SMB) segment. FinTechs were able to facilitate this process in a digital way, whereas “a lot of banks were forced into having to learn that – and they had to learn it fast.”

Banking 68

Banking Finance Marketing Technology 68

PYMNTS

JANUARY 25, 2019

San Francisco-based HostBooks is stepping into the small business (SMB) accounting software industry, announcing Thursday (Jan. 24) that its solution officially launched over the weekend. In its announcement , HostBooks aimed to differentiate itself from industry leaders, including QuickBooks and Xero , by emphasizing its focus on automation.

Accounting 69

Accounting Accounting Firms Technology Marketing 69

PYMNTS

AUGUST 20, 2020

Seventy percent of SMBs are adding new digital capabilities or enhancing existing ones to continue their operations, but firms often require financing to implement these innovations. SMB Lending Risks. One of the most pressing issues plaguing SMB lenders is the risk of fraud. Fraud targeting SMB lenders has increased by 7.3

Finance 71

Finance Banking Numbers Technology 71

PYMNTS

NOVEMBER 24, 2020

Visa Links With Codat For SMB Bank Data Sharing. Meridian Taps Thinking Capital For SMB Finance. Ontario, Canada-based credit union Meridian announced a partnership with alternative small business lender Thinking Capital to streamline SMB finance workflows.

Banking 60

Banking B2B Financial Data Cash Management 60

PYMNTS

FEBRUARY 17, 2020

To that end, Benjamin Wong, CEO and co-founder of the Singapore-based cross-border payments platform TranSwap , told PYMNTS that technology – and the platform model – can help make SMB expansion efforts a bit smoother.

Currencies 92

Currencies Invoicing Banking Finance 92

PYMNTS

JANUARY 15, 2020

15), Basware said it has launched InvoiceReady, a “distinct business unit” within Basware that will offer the company’s existing SMB procure-to-pay and accounts payable (AP) product suite. The unit currently serves more than 400 SMB clients in Finland, where Basware is based, and in other markets around the world. .

Accounts Payable 52

Accounts Payable Benchmarking Invoicing Leverage 52

PYMNTS

JUNE 2, 2020

Thirty-nine percent of SMB owners say they have changed how they run their businesses since the pandemic began, but plan to revert to their prior operations when their economies reopen, while 30.6 percent of SMB owners “…are confident they can keep their businesses open through the pandemic, up from the 46.5 percent from 5.3

Invoicing 52

Invoicing Investments Planning Economics 52

PYMNTS

JANUARY 17, 2021

The round comes with a new confidence in small- to medium-sized business (SMB) FinTech solutions, as Bookkeeper360’s total capital funding hits $2.1 Bookkeeper360 , a FinTech working with accounting solutions, has raised $1 million in seed funding, according to a press release. million since its launch, the release stated.

B2B 75

B2B Accounting Investments Planning 75

PYMNTS

JUNE 10, 2020

Here’s how it would work: small and medium-sized business (SMB) sellers on the eCommerce website can access Goldman’s Marcus revolving credit up to $1 million at a fixed annual interest rate of between 6.99 merchants, CNBC has learned. percent to 20.99 percent that can be drawn and repaid like a credit card, sources told the network.

eCommerce 71

eCommerce Finance Banking Retail 71

PYMNTS

DECEMBER 16, 2019

There’s an explanation as to why SMBs, in particular, are in this jam, and how they can free up the cash locked in their trade credit invoices. The latest edition of the PYMNTS SMB Receivables Gap: Breaking the Trade Credit Cycle Playbook surveyed more than 1,000 SMBs of different types. What You Don’t Know Actually Can Hurt.

Invoicing 52

Invoicing B2B 52

PYMNTS

JANUARY 13, 2021

This week's Commercial Card Innovation Tracker looks at how the industry is driving SMB adoption, from lowering the cost of corporate card acceptance to looping business card products into Apple Pay. Amex Under Fed Scrutiny Over SMB Card Practices. Small Business Card Use On The Rise.

B2B 66

B2B Accounts Payable Treasury Currencies 66