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FinTechs Take A Regional Approach To SMB COVID-19 Relief

PYMNTS

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Citizens Bank Of Edmond. Fresno First Bank.

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Community Banks Accelerate FinTech Integrations

PYMNTS

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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Fintech Deals to Watch: Back to School

Gonzobanker

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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FinTech Nium Moves Into The Middle East

PYMNTS

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website.

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BNP Paribas Links With Kantox For FX Management

PYMNTS

French financial institution BNP Paribas has announced a FinTech partnership to strengthen its foreign exchange service offerings. The bank noted that the solution will be available to business clients in Europe, the Middle East and Asia (EMEA) regions.

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Grab Financial Group Raises $300 Million For Expanded Finance Solutions

PYMNTS

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. The round was led by Hanwha Asset Management , South Korea’s leading asset management company.

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Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. NorthOne , a FinTech firm that focuses on small business owners, is one of the companies that call the city home. Funding rounds and exits have followed suit.”