SMERSS

Swift’s gpi powers DBS cross-border payments tracking debut

DBS_Bank

Corporates and SMEs in Singapore and Hong Kong can now track their cross-border payments via DBS, using Swift’s global payments innovation (gpi). DBS says it is the first bank in the two countries to execute cross-border payments with end-to-end tracking, “helping corporates and SMEs become more efficient in their cash management”. In the past, DBS […]

UK banks simplify accounting for SMEs

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We have a double delight as Sage and Lloyds, and Xero and Santander are making accounting simpler for UK SMEs. Sage, a cloud accounting, payroll and payments solutions software provider, says Lloyds Bank is the latest in a line of banks to go live with its Bank Feeds service. The service helps businesses by enabling […]

Lloyds Bank’s new bookkeeping service is a keeper

Lloyds tech gallops offshore

Lloyds Bank has launched a new service to help businesses manage their bookkeeping without manual intervention. Called Lloyds Bank Direct Bank Feed it allows clients to receive their statement information directly into their accounting software – “eliminating the need for businesses to manually input their bank statements and reduce the time spent reconciling accounts”. Steve […]

Perseus start-up seeks to shield German SMEs from cyber threats

Perseus logo

Berlin-based cybersecurity start-up Perseus is seeking to become a legend for the country’s SME market with a “one-stop solution”. According to fintech incubator FinLeap, which is behind the venture, more than 70% of German companies were affected by cybercrime activities within the last two years, but only one out of ten SMEs holds an insurance […]

Challenger bank Redwood takes tech to the cloud

Redwood Bank takes tech to the cloud

EXCLUSIVE: Redwood Bank, a new SME-focused bank in the UK, has opted for a cloud-based banking platform. The front-to-back office solution is supplied by a local fintech firm, DPR Consulting, Banking Technology understands. It is hosted in a private cloud.

Mastercard and Commonwealth Bank work for financial inclusion in Indonesia

Indonesia

Commonwealth Bank and Mastercard are working together to improve financial inclusion for Indonesian women with a focus on business owners.

ShopKeep expands into SME lending

ShopKeep

ShopKeep doesn’t just want to help small businesses accept payments, it wants to help them grow their businesses.

UK challenger Redwood Bank launches

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Redwood Bank, a new UK-based SME challenger, has launched four months after securing its banking licence. The bank is now offering secured SME mortgages for business owners, as well as for “experienced” commercial and residential property investors. It has also launched a business deposit account. As reported in April, Redwood entered its mobilisation phase and […]

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.

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