SMERSS

Behalf and FinWise Bank team to boost SME lending options

FinWise Bank and Behalf team up

Utah-based FinWise Bank, a subsidiary of All West Bancorp, has partnered with alternative small business lender Behalf.

Shoeboxed launches Fetch to remove blood, sweat and tears from expense reporting

Shoeboxed

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.

Is Prosper prospering?

Too much debt

Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.

PayPal to buy Swift Financial to boost SME lending

PayPal

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.

Wirecard and Gambio launch GambioPay for e-merchants

Wirecard

Wirecard is expanding its collaboration with the shop system developer Gambio to launch GambioPay for online retailers, which the companies say simplifies payments processing and cuts costs.

SME lender Kabbage collects $250m investment from Softbank

Softbank invests in Kabbage

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.

Bank Islam plans digital Islamic banking roll-out

Bank Islam Malaysia Berhad

Bank Islam Malaysia Berhad is working with consulting firm Cognizant to lay the foundation for its digital banking platform roll-out across its entire network. Encik Khairul Kamarudin, CEO of Bank Islam, says the move will bring “greater accessibility to our customers as well as simplifying and improving their banking experience with us”. According to the […]

xPressTap wants to eliminate payment card readers

xPressTap 1

With the launch of its Tap2App merchant payment solution and pilot programme, xPressTap is enabling micro-retailers and small business owners to use their smartphones to accept card payments without a dongle or a portable card reader, reports Paybefore, Banking Technology’s sister publication. The California-based start-up says its patented technology turns any NFC-enabled smartphone or tablet […]

Top fintech stories this week – 28 July 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Payably and CardConnect want to simplify mobile payments for small businesses

Payably 1

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 […]

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