BankiFi: Expands operations into North America

BankiFi: Expands operations into North America

  • BankiFi mission is to help 2 million SMEs by 2024 by putting banks and financial institutions back at the heart of business
  • Expansion into the U.S. market will support the unique digitization and payment modernization requirements of SMBs
  • Community financial institutions in the U.S. are facing existential threat from fintech platforms
  • The platform addresses critical SMB requirements through digital workflows that collect payments faster
  • Automate data integration with accounting platforms, and provide comprehensive insights to optimize working capital
  • Within technology, aim to transform services available to SMBs within community banking, across the U.S
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...