BankiFi

🤔 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

🤔 Think small businesses have all the tools they need to run their operations? Think again. 💡 🚀 Launched at Open Banking Expo, our newest report: "The Truth About Small Business Banking: Debunking 6 Common Misconceptions" introduces insights based on 4,000 of our small business users which is bound to reshape your approach to serving small businesses.  Grab your copy > https://lnkd.in/eDDz_zsY If you missed us at #obexpo, feel free to arrange a demo or get in touch with us here > https://lnkd.in/ecDrevqH

🙌 What a time at Open Banking Expo! Our team went to London where we exhibited at the #obexpo amongst other leaders in the world of Open Banking. The Event Round-Up: 🎤 Mark Hartley, BankiFi CEO and Founder, joined Emma Steeley, Andrew Crocombe, Simon Torrance, Conrad Ford and Igor Tomych in their Powerhouse Debate panel, to discuss if it really is time to get off the fence and start making Open Banking work for the customer. 🤝 We exclusively announced our partnership with Metro Bank (UK) and the launch of 'Invoice It', the app and web-based platform designed to help SMEs address late payments. Read more > https://bit.ly/4074NFK 🏆 BankiFi won the award for 'Best App' on Tuesday Night's #OBExpoAwards2024. Such fantastic recognition for Team BankiFi! Watch our win > https://bit.ly/3YthVU4 📖 We also launched a brand new report: 'The Truth About Small Businesses | Demystifying 6 Common Misconceptions'. Driven by our own data, this is a must-read for banks aiming to better understand and serve small businesses. Get your copy here > https://bit.ly/4eMtawO A big thank you to Lillie Cook, Adam Cox, Cristina Hlinschi, Ellie Duncan and the whole Open Banking Expo team for a brilliant event and supporting our team. 🎉

📘 The Truth About Small Business Banking: Debunking 6 Common Misconceptions 🚀 Launched exclusively at Open Banking Expo, we’ve compiled data from over 4,000 small business users including Sole Traders and Limited companies. 🏦 Our report identifies key behaviours as well as the pain points that small businesses experience when engaging with their banking providers. ➡ It’s time to take action! Download your copy, today: https://lnkd.in/eDDz_zsY 

🏆 A win for BankiFi! We’re thrilled to share that we have won the award for Best App at this year's Open Banking Expo Awards! 🎉 A huge thank you to the Open Banking Expo judges for this recognition, highlighting our commitment to helping banks better serve small businesses with our innovative, customer-centric solutions. We’re excited to continue driving change and providing the tools small businesses need to grow and thrive. #OBExpoAwards2024 #OBExpo 🚀 👏 Congrats, team! Mark Hartley Kirk Winstanley Nick Reid Marijke Koninckx Sian English Alexis Connolly Jo Gibson Dominic Butt Shaun Barrett Furkan Chatriwala Elle Rushby

🚀 Exciting News! We’re thrilled to announce that BankiFi has partnered with Metro Bank (UK) to launch Invoice It—a game-changing app and web-based service designed to help small businesses get paid faster and streamline their invoicing. With Invoice It, Metro Bank’s Business Account customers can now: 💸 Send and receive payments quickly on the go, or via their desktop 🧾 Create branded invoices straight from Invoice It - without the need for an accounting package ⏳ Save time and focus on growing their business instead of chasing late payments Our Head of Strategic Growth, Nick Reid, shares that 73% of businesses using the Invoice It platform are getting paid within just 2 days—boosting their cash flow and helping them to thrive in challenging times. Learn more about how we’re supporting small businesses here: https://lnkd.in/e-ruQzGn #SmallBusinessBanking #Fintech #Banks #MetroBank