PYMNTS-MonitorEdge-May-2024

SME banking

Fidelity Bank Partners With SMEDAN On Nigerian Small Business Funding
Fidelity Bank Partners With SMEDAN On Nigerian Small Business Funding
September 26, 2022  |  Partnerships

Fidelity Bank has partnered with Nigeria’s Small and Medium Enterprises Development Agency (SMEDAN) to try and bridge the gap in helping smaller businesses get funding,...

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Small Business, Big Banking Not A Winning Combo, Survey Finds
Small Business, Big Banking Not A Winning Combo, Survey Finds
July 31, 2017  |  B2B Payments

A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for...

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RBS To Allocate $1 Billion To Help SMEs Switch To FinTechs
RBS To Allocate $1 Billion To Help SMEs Switch To FinTechs
July 28, 2017  |  B2B Payments

RBS, one of the U.K.’s top banks, is required allocate to more than $1 billion to help small businesses switch to its competitors. Reports Thursday...

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BofA Allows SMEs To Apply For A Loan Through Mobile App
BofA Allows SMEs To Apply For A Loan Through Mobile App
July 21, 2017  |  B2B Payments

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. An announcement by the financial institution (FI) this week said...

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Axis Bank Opens Government-Backed Invoice Financing Platform
Axis Bank Opens Government-Backed Invoice Financing Platform
July 20, 2017  |  B2B Payments

India’s Axis Bank, which has strengthened its position in the global corporate banking and payments space, is offering a new service to SME clients. An...

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Nesta Chooses 20 FinTechs For SME Banking Competition
Nesta Chooses 20 FinTechs For SME Banking Competition
July 20, 2017  |  B2B Payments

Innovation foundation Nesta has announced the 20 FinTechs chosen to compete for a $6.5 million prize as the company looks to boost innovation in the...

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UK Government Recruits Big Banks For SME Trade Finance
UK Government Recruits Big Banks For SME Trade Finance
July 13, 2017  |  B2B Payments

As part of a broader effort to keep the economy strong post-Brexit, the United Kingdom has reportedly reached a deal with the nation’s largest banks...

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Santander, Sanpaolo Team Up With SME FinTechs
Santander, Sanpaolo Team Up With SME FinTechs
July 12, 2017  |  B2B Payments

Two top banks in Europe have announced separate deals with SME FinTechs in an effort to increase small business access to financing. According to recent...

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How Faster Payments Collaboration Breeds Financial Services Competition
How Faster Payments Collaboration Breeds Financial Services Competition
July 10, 2017  |  B2B Payments

Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. That’s...

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