Tag: SMB

UBS wants to help Numarics shape its finance and admin software, which pairs machine learning with human auditors, as the bank tries to cozy up to small and medium-sized businesses. UBS wants to help small businesses reduce the time and money it takes to complete daily tasks, and it’s teaming with a startup to make […]

Small businesses have historically felt underserved by their financial institutions, which has led to an increase in efforts to offer tools like personalized analytics and business projections. American Express just launched a new digital cashflow-management hub for its small business customers – called Business Blueprint – that builds off its 2020 acquisition of SMB lender […]

Banks are linking up with earned wage access firms, which let businesses pay their employees in real-time versus on a set schedule, as inflation and the labor market make it a “highly desirable” benefit. Fintech DailyPay just announced $260 million in financing (a mix of credit facilities and loans) as earned wage access gains ground […]

By helping businesses better manage their corporate cards, HSBC is targeting a key demographic that banks are currently underserving. Partnering with Extend allows it to majorly upgrade its SMB offering with less effort than through internal development. HSBC just announced a partnership with fintech Extend that will give its US business clients access to virtual cards with […]

As financial institutions seek to stand out in the small-business market and avoid losing business to fintechs, quick-and-simple cash advances are a draw. Machine learning makes it easier to provide this revenue-based financing fairly and safely.   Barclays is partnering with UK fintech Liberis to offer revenue-based financing to its small business customers, wherein merchants receive […]

A whopping 89% of small-to-medium businesses feel underserved by their primary banks, according to a recent Capgemini study, but personalized, value-add tools can help buck the trend.  US Bank just added a new tool to its arsenal as it aims to become a one-stop-shop for business owners.  The tool draws on customers’ bank data as […]