PYMNTS-MonitorEdge-May-2024

SMBs

Small and Medium businesses are privately owned corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation.

Monzo Business Customer Base Exceeds 500K
Monzo Business Customer Base Exceeds 500K
October 16, 2024  |  Digital Banking

British neo-bank Monzo says it now has more than 500,000 business customers. And with that milestone, the company announced Wednesday (Oct. 16) a new plan...

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Why So Many Mid-Sized Banks Fail the Digital Lending Readiness Test
Why So Many Mid-Sized Banks Fail the Digital Lending Readiness Test
October 16, 2024  |  Digital-First Banking

Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly...

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Why Financial Visibility Is the New Currency for SMBs
Why Financial Visibility Is the New Currency for SMBs
October 15, 2024  |  SMBs

For businesses, cash is king. But a new threat, that of operational uncertainty and back-office opacity, is prowling around the kingdom’s perimeter. “Small businesses, fundamentally,...

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Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
October 10, 2024  |  SMBs

If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source...

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Lenders Must Overcome Application Friction to Grow Embedded Lending Share
Lenders Must Overcome Application Friction to Grow Embedded Lending Share
October 09, 2024  |  Payments Innovation

Embedded lending is all about the future of credit. As such, it has opportunities and challenges, even in developed markets like the United States. The...

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Plaid, Ansa Pay-By-Bank Partnership Targets Merchants and Restaurants
Plaid, Ansa Pay-By-Bank Partnership Targets Merchants and Restaurants
October 08, 2024  |  Payment Methods

Ansa and Plaid are teaming up to lower payment costs for merchants and restaurants. The partnership between the digital wallet provider and the data network...

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European Investment Bank Aims to Provide Greater Support to Startups
European Investment Bank Aims to Provide Greater Support to Startups
October 07, 2024  |  Startups

The European Investment Bank (EIB) said Monday (Oct. 7) that European Union (EU) finance ministers have welcomed its Action Plan to deepen the region’s capital markets...

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A Master Class on Helping SMBs Thrive in an Omnichannel World
A Master Class on Helping SMBs Thrive in an Omnichannel World
October 04, 2024  |  SMBs

The small businesses that are the backbone of each community across the United States are, collectively, the mainstay of everyday life. They employ millions who...

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FDIC: High-Touch Beats High-Tech in Small Business Lending
FDIC: High-Touch Beats High-Tech in Small Business Lending
October 03, 2024  |  Loans

In small business lending — regardless of the size of the bank doing the lending itself — a high-touch approach and in-person visits to the...

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