Efma and Capgemini launched the FinTechVisor platform as a digital solution to connecting banks and fintech startups. The primary objective of FinTechVisor is to enable faster and better collaboration between these two groups. SizeUp, Token, and cbot were invited to speak about the challenges and opportunities of fintech companies working with banks at the launch of the FinTechVisor service. Elias Ghanem, VP of Capgemini, presented findings of the landscape of relationships between banks and startups. He discussed paradigm shifts, buying experience vs. products, ownership vs. access, big tech vs. traditional banks, financial services being forced to reinvent themselves, and findings of the World Fintech Report (customer centricity, complimentary strengths, selecting correct partners). He further explained how Capgemini has a process by which fintechs can be certified on the FinTechVisor platform through Capgemini’s evaluation process. Lubomir Olach, Director of International Development at Efma, explained the process for Fintech startups to join the FinTechVisor platform. A discussion with senior members of SizeUp, Token, and bot addressed the specific difficulties and benefits of working with banks from the direct experience and perspective of Fintechs. The fintech panel included Anatalio Ubalde of SizeUp, Eylem Basturk of bot, and Michael O’Loughlin of Token.
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5 Online Trends Economic Developers Can’t Ignore
The white paper from the Financial Times’ fDi Intelligence, 5 Online Trends Economic Developers Can’t Ignore, includes the trend “Small is the New Big”. The article points out that there is greater value from economic development organizations focusing on small businesses that already exist in their communities instead of an exclusive focus on business attraction from outside of the area. According to the article, “today innovative economic development organizations are implementing online Business Retention and Expansion using the same ingenuity to bring mass service to their local businesses on their websites. The breakthrough online innovation which is making this happen is SizeUp LBI (Local Business Intelligence) which enables EDOs to empower their small business community with industry-accurate and geographically specific market research and data insights to help entrepreneurs make smarter decisions based on data.”
Read the full article on Linkedin or download the white paper.
SizeUp in Startup Magazine Guide to Starting a New Business
The Startup Magazine recommends SizeUp as the first tool to find your big idea in it’s article Your Guide to Starting a New Business in 2017. According to the article, “…every business begins with a spark of imagination. Once you have thought of the idea, it is time to start answering some critical questions. Which market are you appealing to? Is that market already saturated? If so, how can you find your unique edge to stand out? If you seek professional
Small Business Banking Innovation Trends
Deborah Bianucci, President and CEO of BAI presented four worldwide innovation trends in her talk “Small Business Banking Innovation from Around the Globe” at the American Banker Small Business Banking Conference. Model implementations of these trends were discussed and include:
1. Improving and Speeding Up Access to Financing (DenizBank.com, Nusenda.org)
2. Streamline Payments (ideaBank.pl)
3. Use Analytics with Advice (SizeUp.com)
4. Uniquely Serve a Niche (Wesbank.co.za and Uber.com, intesaSanpaolo.com, TEB.com.tr)
[vc_video link=”https://vimeo.com/193081382″]
According to the American Banker Small Business Banking Conference, “…because innovation for the small business segment is so important to competitive differentiation, there is an increased emphasis on innovating for small business. Some of the most progressive innovation is happening outside the U.S. by banks that are taking different approaches to serving small businesses.”
BAI empowers financial services leaders to make smart business decisions that drive positive change and move the industry forward. For more research from BAI, please visit BAI.org.
How SizeUp helps Small Businesses Explainer Video
Watch how SizeUp helps small businesses overcome the challenges they face.
[vimeo https://vimeo.com/182473279]