SMERSS

Banking on a new competitive environment – marketplace banking

Peter-Jan Van de Venn, Five Degrees

Marketplace banking has the potential to deliver an interconnected financial services industry where banks can get closer to their small business customers explains Five Degrees’ Peter-Jan Van de Venn.

Banking Technology October 2017 issue out now

Banking Technology October 2017

Oh brave new world! Where transparency reigns. The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

UK insurtech start-up Nimbla seeks SME market shake-up

Nimbla logo

Nimbla, a London-based insurtech start-up, has launched a platform offering UK SMEs credit control and single invoice insurance using cloud accounting, as well as underwriting rules agreed upon by Munich Re’s new business unit Digital Partners. The firm says it is looking to tap into the UK’s SME market that has a reported £5.8 billion […]

Funding Societies interns introduce chatbot Miyu

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Funding Societies, a Singapore-based crowdfunding platform, has launched its chatbot Miyu. A first for such a chatbot created by a crowdfunding company in Southeast Asia. Developed by two interns at Funding Societies using bot platforms meya.ai and api.ai, combined with machine learning and natural language processing, Miyu works round the clock to answer queries about […]

Italy’s first fintech hub comes to Milan

Italy

The Italian Ministry of Economy and Finance and the City of Milan have opened the “Milan Fintech District”, the country’s first hub dedicated to businesses in the financial industry. The hub is for start-ups, entrepreneurs, financial institutions, investors and universities to foster development and growth. Pier Carlo Padoan, Minister of Economy and Finance, says the […]

HSBC and friends team up for integrated SME accounting

HSBC-Logo

HSBC is expanding its existing bank feed services with the launch of a new online tool that enables SMEs to establish a data feed from their bank account to their accounting software. Its customers can now connect their bank accounts to their choice of accounting package – namely Xero, Sage and Intuit. Nadya Hijazi, global […]

Cashplus expands with £30m debt facilities led by RBS

Cashplus 1

Cashplus, a London-based alternative financial services provider has announced two new, three-year funding arrangements totalling £30 million ($40.52 million), reports Paybefore (Banking Technology‘s sister publication). Senior debt facilities will be provided by NatWest/Royal Bank of Scotland (RBS) with BCI Finance, the investment division of Blenheim Chalcot, providing mezzanine financing. Although not a bank, Cashplus says […]

Fintech funding round-up: 21 September 2017

Tandem's future is secured

Following swiftly on from the fintech funding round-up on 19 September, here’s more concise, cash-coated action. Features CivilisedBank, HighRadius, Swirlds and Luno. UK challenger CivilisedBank, which got its banking licence in May, has agreed terms for a further round of funding from current investor Warwick Capital Partners. No more details on that but the bank […]

Bank of Baroda teams with Amazon for SME lending

India

India’s second largest bank, Bank of Baroda, has got itself an “exclusive” micro lending partnership with Amazon. The bank says through this partnership it is running a process for underwriting Amazon sellers “who would traditionally not be able to procure a line at formal financial institutions”. The deal is part of the bank’s ambitions to […]

Blockchain and Bitcoin round-up: 14 September 2017

Bitcoin coins - virtual digital crypto-currency. Accurately stacked coins, closeup, background, 3D illustration.

Arguments, exchanges and something getting launched. It’s our blockchain and Bitcoin round-up. Features JP Morgan Chase, the Financial Services Agency of Japan and Wish Finance. There will be blood. Sort of. JP Morgan Chase CEO Jamie Dimon got plenty of attention with his scepticism and criticism of Bitcoin – calling it a “fraud”. Using the […]

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