Coconut talks finserv for the self-employed, UK bankers’ Brexit plans rejected, and the FBI issues new corporate cybersecurity warnings.
| | | | BUSINESS TO BUSINESS EDITION | | Visa: Innovation At The Core Drives LATAM B2B Transformation New payments flows require new payments solutions. And banks in Latin America are only just now starting to embrace the API economy that will help them address the needs of their corporate customers, says Diego Rodriguez, regional head of commercial solutions at LAC. Rodriguez explains how Visaâs partnership with a FinTech, is accelerating the âspeed to impactâ of the B2B payments innovations that corporate customers need to improve their payments and cash flow efficiencies. |
| UK Banksâ Brexit Game Plan: Denied, With No Plan B Anxieties are overwhelming the U.K.âs financial services market over how it can retain access to the EUâs single market post-Brexit. Officials say doing so is paramount to maintaining the finance sectorâs position on the global stage, with thousands of jobs and billions of pounds at stake. But reports have surfaced that City of London finance execs received a big red rejection stamp by the European Commission on their Brexit trade proposals â and, one source said, thereâs no Plan B. |
| | SMB Banking | | The Self-Employedâs Struggle To Not Get Left Behind By Challenger Banks Traditional FIs struggle to meet the needs of small businesses, which is where FinTechs and challenger banks have stepped in. But even among these new market entrants, self-employed professionals struggle to gain appropriate financial services. Thatâs a lot of entrepreneurs, with the self-employed now making up more than 15 percent of the U.K. workforce. Sam OâConnor, co-founder and CEO of the U.K.âs newest challenger bank Coconut, says thereâs room in the FinServ market for many players, because even FinTechs arenât fully addressing the needs of the self-employed. |
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