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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Only 13 percent say they’re willing to jump on the innovation bandwagon.

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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 Sleek Lands $4M For Corporate Services Platform

PYMNTS

Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry. Sam Tay , CEO of FinTech Aptiv8 , noted that his company offers an app for foreign workers. Singapore itself has a growing economy, with 1.4

Fintech 151
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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

PYMNTS

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. The meeting also resulted in the Group of 20 finance ministers announcing they will work together to create common rules to close corporate tax loopholes.

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GFT Advances in 2022 IDC FinTech Rankings

Bobsguide

Banks are depending on the cloud to build better systems for the future, but legacy technology is holding 62% of them back. The growing need to overhaul these systems is what powered GFT’s leap on the 2022 IDC FinTech Rankings. Financial companies are doubling down on IT.

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FinTech WEX Buys Discovery Benefits

PYMNTS

Financial technology services company WEX is going to acquire Discovery Benefits (DBI) , an employee benefits administrator, the company announced on Thursday (Jan. When the two companies combine, DBI, known for its benefits account technology, will get WEX’s cloud-based platform.

Fintech 162
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Small Biz FinTech Leads End-Of-Summer B2B VC

PYMNTS

million was placed with B2B FinTechs this week. landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Also operating in India, supply chain financing FinTech Cashflo revealed $3.3 Aspire Financial Technologies.

Fintech 155