SMERSS

Curve hits 50-50 milestones; consumer card to come

Consumer offering on its way

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 start-up’s programme.

Commercial banks join the retail revolution: three reasons to consider transformation

Rina Pandalai, SapientRazorfish

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.

HSBC unveils £10bn fund for UK SMEs

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HSBC has launched a £10 billion lending fund for SMEs in the UK as it looks to tap into this lively market. The bank says it continues to be open to lending, having approved 91% of small business lending applications in the last year. Ian Stuart, UK CEO, HSBC, says: “We want to put SMEs […]

Moroku’s Marrakash makes a splash with POS software deal

moroku 1

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

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 […]

GTCR to acquire Sage Payment Solutions for $260m

GTCR

Private equity firm GTCR will buy Virginia-based Sage Payment Solutions (SPS) for $260 million. Chicago-based GTCR is acquiring SPS from the Sage Group, a provider of accounting, payroll and payment solutions headquartered in the UK. GTCR says it will work with SPS management to pursue organic growth and fund future acquisitions in the payment processing […]

Square launches Virtual Terminal service in UK

Square

About two months after launching in the UK, Square has introduced its Virtual Terminal service there. The technology enables merchants to accept payments through the Square dashboard, an appealing prospect for online service providers, contractors and other smaller firms that do relatively few face-to-face transactions.

UK challenger CivilisedBank gets banking licence

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UK digital bank CivilisedBank has received its banking licence from the Bank of England, paving the way for it to build its infrastructure and launch to customers in early 2018. As Banking Technology reported in June last year, the bank submitted its banking licence application and had planned to open for business in early 2017. […]

WorldFirst launches international payments platform for SMEs

WorldFirst logo

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 […]

Fintech start-up for SMEs Hufsy teams with SolarisBank for German launch

Berlin: where SME banking innovation happens

Hufsy, a Denmark-based fintech start-up focused on SMEs, is expanding into Germany. Its banking partner in Germany is SolarisBank.

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