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Small Business Banking Targeted In Open Banking Initiatives

PYMNTS

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more.

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Small Business, Big Banking Not A Winning Combo, Survey Finds

PYMNTS

A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for SME borrowers. The research, published last week, found that there are more aspects to small business banking than borrowing money that are frustrating SME customers.

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Looking Ahead and Preparing for a Post-Coronavirus World

FICO

In the third installment of my series , here are some insights about the future of banking and what small business lenders should prepare for in a post-Coronavirus economy. Banking will be different from now on, as audiences demand embedded features and more electronic services. Three Types of Emerging Small Businesses.

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More Business Owners are Remote–Here’s What that Means for Business Lenders

Lending Front

For small businesses, the “home” office may take on new meaning altogether. By not being tied to brick-and-mortar space, business owners can work out of their den, their mountain retreat, or a relative’s sunbelt condo. . For many small banks and credit unions, digital transformation isn’t a new concept.

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JPMorgan Offers Roadmap On Investor (And Tech Investment) Returns

PYMNTS

Banking giant JPMorgan Chase will look to invest more money in its credit card business, continuing a trend of technology initiatives focused on mobile in the mid-term while eyeing returning cash to shareholders. percent, in line with prior projections with a net charge-off rate of about 300 to 325 basis points.

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How Have the Finovate Best of Show Winners Fared?

Fintech Labs Insights

Fall 2021 (New York): Array: Raised $67M, continues expansion in credit monitoring and management solutions, receiving positive industry reviews. Autobooks: Raised $98M, small-business accounting software, increasingly integrated by banks, showing strong growth. Stratos (acquired by Ciright): Raised $8.1M