In the Pirates with Ties interview series, we are interviewing people who are leading digital transformation and innovation in major Financial Institutions. David Thompson is the Executive Vice President, Global Operations & Chief Information Officer at Western Union. In this interview we learn about WU Edge, their recently launched cross border payments platform for SME.Read More
Post Tagged with: "small business"
During the Global Financial Crisis in 2008 it became clear that Big Banks had become unmanageable and dangerous. The behemoths were crumbling before our eyes. Since then, Banks have cleaned up a lot of the financial leverage that was the precipitate cause of the crisis. The unwinding of leverage wasRead More
It’s no secret insurance is difficult for consumers to understand, and small business insurance is even more complicated than personal insurance. The founders of Check (formerly Pageonce) announced today they are taking on this problem with a startup called Next Insurance. Pageonce launched in 2007 to help consumers keep track ofRead More
The Zenefits innovation is brilliant. They give away software to manage employee benefits and then monetize via the leadflow to insurers. That led to a rocket ship growth that reads like a fairy tale until in February of this year we read about the CEO resigning after compliance issues withRead More
If you want to know what’s screwed up about banking, check out Square 1 Bank. Here at Bank Innovation, we decided to do a little experiment. We’ve long covered digital retail banking startups, like Simple and GoBank. But we wondered what options were available for small businesses, like, well, Bank Innovation? SoRead More
Small business lender OnDeck (NYSE: ONDK) announced the launch of a platform for institutional investors today. Properly speaking, the platform soft-launched a year ago, CFO Howard Katzenberg told Bank Innovation Tuesday, and a number of institutional investors — banks, insurance companies, hedge fund, mutual funds — have been piloting it. ButRead More
To say Square and PayPal are important to American small business might be an understatement.
So when those two ventures’ integration into the accounting platform of choice for America’s small business — QuickBooks Online — falls short, the shortcoming deserves notice.
Wells Fargo & Co., which tends to launch standalone marketing sites more than the average bank, appears to have scored with its new Wells Fargo Works for Small Business website, launched last quarter.
Square is using its data to give working capital to retailers. Square, the mobile payments startup launched by Twitter co-founder Jack Dorsey, has officially launched a new service where the company will use data from merchant transactions to offer cash advances to businesses. The loans will be paid back throughRead More
Intuit‘s bid to boost its small-business payments appears to be stumbling. At the same time, however, Intuit’s experimental labs unit has resurfaced, and with great vigor. First, to payments. In Intuit’s earnings announcement Tuesday, the company’s president, Brad Smith, said that payments are in flux at the financial software company:Read More