Western Union Business Solutions strikes Puerto Rico partnership, NepFin and HSBC target mid-market lending and IBM eyes credit unions with blockchain
| | | | BUSINESS TO BUSINESS EDITION | | How NepFin, HSBC Target A Middle-Market Lending âGapâ Neptune Financial (NepFin) has linked with HSBC U.S. Commercial Banking,serving middle-market companies and tapping into a $7.3 trillion opportunity. NepFin CEO Albert Periu explains how technology can address the lending âgapâ that currently bedevils these firms, overlooked by traditional lenders, as they seek to grow their top lines. |
| Top UK Lenders Launch SMB Branch Joint Venture Three of the U.K.'s largest banks â RBS, Lloyds and Barclays â are teaming up to launch small business 'hubs' in response to backlash over closed branches. The joint venture is shedding light on the continued need for cooperation and traditional financial services for the SMB community, at a time when the industry is largely focused on competition and digital offerings. |
| | Data & BI | | How SMB FinTech Firms Boost Data Sharing Without Open Banking Open Banking regulations are accelerating data integrations across platforms â a valuable proposition for small businesses (SMBs) that can struggle to break siloes of their FinTech platforms. In jurisdictions where Open Banking isn't law, however, some FinServ players say M&A is an effective strategy to promote data connectivity. Wave Chief Financial Services Officer Les Whiting explains how market consolidation can deliver Open Banking benefits to SMBs, without the regulatory requirement. |
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