WEX walks back on triple takeover, SBA lowers disaster loan limit, and Deluxe on the value of preserving check workflows
| | | | BUSINESS-TO-BUSINESS EDITION | | Finding Front- And Back-Office Flexibility In SMB Banking Small businesses cannot be forced to fit in consumer banking products, but there is undoubtedly overlap in how SMBs and consumers want to bank. Michael Brackpool, bunq head of product, told PYMNTS why flexibility on both the front- and back-ends of any digital banking experience is vital to providing familiar user experiences without compromising more sophisticated money-management tools. |
| Small Business Banking Secures New FinTech Unicorn There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week with more than $280 million raised. Investors found promise in startups that target financial institutions with software to improve their own services, as well as FinTechs that offer small business solutions by wielding their bank data. But the biggest round of the week went to a challenger bank, which also secured unicorn status with its latest funding. |
| | PODCAST: B2B Payments | | Preserving Check Workflows Can Ease B2B Payments Digitization Will a catalyst called coronavirus eliminate the paper check? Not if the key to digitizing B2B payments is minimizing disruption, when doing it, Mike Reed, general manager of payments at Deluxe tells PYMNTS. Hereâs how he says virtualizing the paper check can help corporates navigate a remote working environment without asking accounting teams to overhaul their familiar workflows. |
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