U.S. Bank consolidates fleet card spend visibility, The Slide App talks limits of bank data for SMB FinTech and U.K. Parliament launches auditing sector probe
| | | | BUSINESS TO BUSINESS EDITION | | Community Banks Debut FinTech Alliance In the United States, a consortium of collaborators across FIs and FinTech firms has taken shape. Across the Pond, joint efforts among traditional finance firms and tech-driven upstarts eye guidelines on how to work together. Plus, new players arrive in Arizonaâs FinTech sandbox. |
| SMBs Aren't The Only Ones Threatening To Switch Banks: Ovum In Europe, efforts to spur competition in the banking sector include aid for small businesses looking to switch bank providers. However, the threat traditional FIs face from bank switching isn't just coming from SMBs. New analysis finds corporate treasurers at larger firms are considering making the jump to rival FinServ providers as they seek better, consolidated services. |
| | Cash Flow Management | | Where Bank Account Data Alone Falls Short For SMB FinTech While open banking initiatives have allowed FinTech firms to launch products that the banks themselves wouldn't develop, they are also creating an opportunity to launch tools that the banks couldn't develop. Small business cash flow forecasting is one of them, says Simon Lyons, CCO of The Slide App. He speaks with PYMNTS about how the API ecosystem has highlighted some shortcomings of bank account data and its inability to look forward. |
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