Post Tagged with: "business banking"

Chase Spoofs Slow Payments in ‘Express Funding’ Video

Chase Spoofs Slow Payments in ‘Express Funding’ Video

by September 2, 2016 at 10:51 am 1 comment

JPMorgan Chase pokes fun at three-day payments in a new spot for its express funding service for business. The service allows card payments using Visa, MasterCard and Discover to be credited to an account the next business day, instead of the old wait of three days. Express funding for business customers launched thisRead More

Is online financing the death of the credit card?

Is online financing the death of the credit card?

by March 30, 2016 at 6:57 am 1 comment

Instant online financing at the point of sale could turn out to be big business for the small end of town, especially if companies like Afterpay, zipMoney and Affirm gain further traction. And for a generation yet to be weaned onto credit cards, it could mean a shift in personal financing trendsRead More

The Agile ‘Just In Time’ AI Powered CFO

The Agile ‘Just In Time’ AI Powered CFO

by March 25, 2016 at 3:00 am 0 comments

According to an EY report, the average age globally for a newly minted CFO is 42. Unsurprisingly, they’re a highly educated bunch, with 27% of CFO’s surveyed having completed an MBA and 27% holding a chartered accountancy qualification. Highly educated talent with years of experience usually doesn’t come cheap. And for small to mediumRead More

The Small Business KYC Challenge for Challenger Banks

The Small Business KYC Challenge for Challenger Banks

by March 16, 2016 at 3:00 am 0 comments

Compliance around Anti-Money Laundering and Know Your Customer (KYC) regulations is a challenge for many banks when it comes to on-boarding. A recent study by Thomson Reuters, covering 772 financial institutions (FIs) globally found the average time to onboard a new client currently sits 26 days. The longest reported timeRead More

Australian Hues

Square Launches in Australia – What Will Make or Break Them Down Under?

by March 9, 2016 at 2:00 am 0 comments

After establishing a local presence about a year ago in Melbourne, Square have finally made it through local regulatory hurdles and launched their Square Reader in Australia, specifically targeting small businesses. Of course most of us are familiar with the Square story. From payments upstart to fintech darling, a questionRead More

ebbs and flows of network effect

Finding the Network Effect at the End of the SME Payments Rainbow

by March 2, 2016 at 11:19 am 0 comments

  Many commentators would argue the humble credit card is one of the most important financial innovations of the past 60 years. The reason behind its yet-unrivaled success has much to do with an economic theory known as the two-sided market, whereby a powerful network effect attracts both buyers andRead More

Cash flow is still king – SMEs get the keys to the ‘Treasury’ chest

by February 24, 2016 at 2:00 am 0 comments

In a post back in May 2015, Daily Fintech explored the SaaS disruption occurring in the corporate sector in relation to the delivery of Treasury Management services. The disruption has now shifted down the food-chain, with a range of Fintech providers now finding smart ways to connect into accounting platforms,Read More

Who will win the SME online lending race down under?

by February 17, 2016 at 2:00 am 0 comments

In the past 6 months, Australia has seen a proliferation of online lenders emerge. After the roaring successes of overseas players like Lending Club and Prosper, it would seem the somewhat sleepier Australian Fintech market has finally kicked into gear in this particular sector. At last count approximately 30 onlineRead More

The missing piece of the SME financing puzzle

The missing piece of the SME financing puzzle

by February 10, 2016 at 2:00 am 0 comments

Every day on my way to work I pass by a Westpac Bank branch. Usually it hardly gives me pause for thought – I’m generally far more focused on getting to my first caffeine hit for the day. But last Thursday, something in the branch’s window caught my eye. It wasRead More

Small Retailers Need Disruptive Fintech to Reduce Working Capital Finance

Small Retailers Need Disruptive Fintech to Reduce Working Capital Finance

by December 4, 2015 at 2:14 am 0 comments

Small retailers are the backbone of the economy and yet they are the last place getting value from Fintech innovation. This is a massive opportunity, but not an easy one to crack. It needs some disruptive innovation. Working Capital Finance for small business is the massive market we have beenRead More