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Metro Joins Bacs For SMB Direct Debits

PYMNTS

challenger bank Metro Bank has joined the Pay.UK-operated operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb. SMBs and FinTechs. Unlike the U.S.,

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Currencycloud, Iwoca Next To Land RBS Funds

PYMNTS

FinTechs have been named as the next winners of funds from the Royal Bank of Scotland (RBS) to boost financial services and increase competition in the U.K. 14) that Atom Bank, Currencycloud, Modulr and Iwoca have secured a portion of the £775m allocated from RBS as a government mandate to support competition in the market.

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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

While Khanna added that it’s “hard to say” whether venture capital funding is getting easier for startups, there is evidence that FinTech — and, specifically, B2B FinTech — is headed for a solid year. B2B eCommerce. The Asia-Pacific region scored again with Tjaara’s funding worth $1.2 million , announced Thursday (Dec.

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Scottsdale Community Bank: Making microloans

Independent Banker

The technology it uses allows it to maximize efficiency while minimizing costs in its operations. Small businesses] need a place that will listen to their financial needs and to their dreams of being independent, having financial security, contributing to the community and providing resources for their families.”

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US Finance Crimes Org Calls For Private Sector Innovation

PYMNTS

The Innovation Hours Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN,” the organization said in the release. FinCEN expects to hold events in the Washington, D.C.

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

In my frequent conversations with clients across the UK and Irish banking industry, one of today’s hottest topics is the rise of the challenger banks such as CYBG, Metro and AIB UK, and particularly the neo-challenger banks providing digital-only services, like Monzo, Atom and Starling. Why the intense interest in the neo-challengers?

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Top UK Lenders Launch SMB Branch Joint Venture

PYMNTS

.’s efforts to inject competition in the small business banking and financial services sector have culminated in a range of initiatives, from the bank referral scheme to strengthen the position of alternative lenders in the market, to the RBS fund that sees rivals and industry newcomers securing financing to improve their services.

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