IBM takes stake in we.trade, bank collaboration aids FinTechs through market downturn, and Bringg launches delivery, fulfillment offering
| | | | BUSINESS-TO-BUSINESS EDITION | | Why Now Is The Time For CUsâ Digital Transformation Credit unions had to, by necessity, pivot toward digital banking in a few months when the pandemic broke out. But Todd Clark, CEO of CO-OP Financial Services, tells Karen Webster that debit and credit transactions are rebounding a bit â and hereâs what he thinks comes next for CUs. |
| SMB Financing Fuels Week Of B2B Venture Capital Despite a dramatic drop in FinTech funding in Q1, this week's B2B venture capital roundup is one of the strongest in months, fueled largely by FinTechs' focus on connecting small and medium-sized businesses (SMBs) to capital. Enabling SMBs to navigate the pandemic's cash flow constraints through access to funds is key, and investors showed interest in a variety of financing options, from invoice financing to trade finance to commercial credit cards. |
| | Bank-FinTech Collaboration | | How Banks Can Guide FinTechs Through Their First Economic Downturn Once considered competitors, FinTechs are now often viewed as vital collaborators for traditional banks looking to become more agile and modern. Varengold Bank Head of Marketplace Banking Lukas Diehl says banks are just as essential to FinTechs and alt-lenders, too, particularly as firms seek to bolster their own loan portfolios while wading through what is, for many of them, their first economic downturn. |
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