BankiFi

🚀 Uncover the Truth About Small Business Banking Our new report busts 6 common myths and reveals what small businesses really need from their bank. With insights from over 4,000 small business users, we showcase how aligning banking products to meet the needs of these small businesses can help banks to unlock growth in deposits, relationship primacy, and revenue opportunities. Don’t let misconceptions hold you back! Download your copy here: https://lnkd.in/eDDz_zsY #SmallBusiness #Banks #FinancialInstitutions

🏅 The BusinessCloud Fintech 50 list for 2024 is live!   🎉 From an impressive 181-strong shortlist, we’re celebrating our 4th consecutive year of being featured in the final ranking.   To view the full Fintech 50 list, click here > https://lnkd.in/eE_hVPfm

💡 Are traditional banks missing out on small business opportunities? Our CEO, @Mark Hartley, shared insights with Open Banking Expo about why it’s time for banks to rethink their approach toward small businesses; and how without providing solutions tailored to this segment, banks risk missing out on a valuable opportunity. 👉 Read the full article here: https://lnkd.in/eZsuwfZJ Want more on this topic? We've got you covered with our new data-driven report 'The Truth About Small Businesses: Debunking 6 Common Misconceptions'. Get your copy here > https://lnkd.in/eDDz_zsY

💡 Banks are focusing on retaining and acquiring deposits and preventing deposit leakage, particularly within the small business sector. How can this be done? 📈 Explore how engagement banking could be crucial to driving more deposits for banks, particularly within the small business banking segment in Nick Reid's blog post here > https://lnkd.in/efJ-MJS2 🎬 Don't have time to read a blog post? Watch our video instead!

🚀 How can a combination of Engagement Banking, human interaction and data insights help banks to deliver impact to small businesses? Our CEO and Founder Mark Hartley joined Monica Millares on her podcast, 'Purpose Driven Fintech', in an episode to discuss how BankiFi's solutions help both banks and small businesses to achieve their goals. Curious to know more? Catch the episode here 👉 https://lnkd.in/exKmCGDH

🤔 Is it time for banks to get a reality check? Myth: Small businesses save banking activities for outside of working hours Reality: 78% of payment requests made by small businesses using our solutions are initiated during the working day... In our most recent report, we set the record straight on some common industry misconceptions surrounding small businesses, how they operate and how they can be the answer to banks' problems. Get your copy here 👉 https://lnkd.in/eDDz_zsY

🫣 Hidden business customers? Hidden opportunity for banks! According to our data, 40% of our small business users connect a personal account to our solutions, instead of a business account. 📲 By targeting this segment with the right proposition and solutions, this presents a golden opportunity for both banks and small businesses alike. 💡 In our latest blog post, Nick Reid highlights why these business customers are ‘hiding’ out in plain sight, and delves into the opportunities that are presented to banks when they get it right. Watch Nicks' snippet below or read the blog in full here: https://lnkd.in/ehqwxP5P

💡 With 99% of UK SMEs employing fewer than 20 people, many small business owners continue to find themselves being underserved by traditional banks. 💸 These businesses juggle late payments and cash flow issues all while being time poor, without dedicated banking tools tailored to their needs. 🏦 Banks that understand and respond to these challenges have a unique opportunity to build stronger relationships and drive vital growth in this sector. Our CEO Mark Hartley authored an article with Open Banking Expo to highlight this topic, sharing his insights on the importance for banks to rethink their approach to small business banking: https://lnkd.in/eZsuwfZJ 💬 Have your say: What do you think the biggest challenges facing small businesses are?

🤞 Kick off the week with us by voting for BankiFi in BusinessCloud’s 2024 FinTech 50! 📈 This annual ranking, supported by Started PR, showcases the UK's top innovators—startups, scaleups, and established firms—driving new technology in finance and payments. We’d love your vote! Click the link to cast yours: https://bit.ly/4hqQDWb

💡 Non-relationship-managed businesses are an untapped opportunity for banks. With digital solutions, these businesses can access the tools they need, without the need for a dedicated relationship manager. Nick Reid's latest BankiFi blog outlines key strategies banks can use to engage these businesses effectively: 📈 Leverage data to offer personalised insights to business customers ⚙️ Automate processes for ease and efficiency 💸 Focus on cash flow management to address core pain points 📽️ Watch the video below for more, or check out the full blog here: https://lnkd.in/et7i9VmA