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How Axis Bank Prevents Identity Fraud With Video-Based Onboarding

PYMNTS

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. We’ll see more and more [of this] action as digital [banking] progresses.”. Fraud Threats To Digital Banking.

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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

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Agora Services Debuts New Tools For SMB Banking

PYMNTS

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press release says. There will also be receipt managing sub-accounts for tax purposes, and other such perks.

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Credit Karma Now Offers A High-Yield Savings Account

PYMNTS

percent APY, which is about 22 times higher than the average of national accounts. When we built Credit Karma Savings, we wanted to develop a product that made opening a savings account as easy as possible for our members,” said Jagjit Chawla, general manager of savings and tax for Credit Karma, in a release.

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5 ways to boost your savings balance

Qudos Bank

Track your expenses Budgets are only as effective as how one manages them, however. This could remove the complications of managing various payments with their own requirements and schedule. With a solid budget in place, you could have a clearer idea of how much you’ll need to save to meet your goals.

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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. Partech and Digital Currency Group also participated in the round, reports said. Expense Management. After a few quiet weeks, U.S. Blockchain.

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What’s New in SMB Digital Banking? Grasshopper Offers BOTH 1% APY and 1% Cash Back

Fintech Labs Insights

FintechLabs follows the small business digital banking space closely. While the summer is typically slow in terms of marketing initiatives, Grasshopper Bank is the exception in the small business banking space touting a 1% APY in the first paid result on a recent Google search ( see screenshot below ). Small Businesses.