Tag Archive: fintech

Satago’s Steven Renwick talks “on-demand business finance” in Tech City News

The financial services industry, long overdue a radical transformation, has been slow to embrace disruptive innovation. But a new breed of fintechs has emerged that is transforming the SME funding landscape. In Tech City News, Steven Renwick, CEO of Satago, explains how, by leveraging cloud technology, real-time data and analytics tools, these new fintechs are …

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BNY Mellon discusses payment innovation in an AFP podcast

Speaking on an AFP Conversations podcast interview entitled “Blockchain, Faster Payments and More: How One Bank Navigates Fintech Innovation” BNY Mellon’s Chris Mager discusses the importance of payment innovation and his new role as Head of Global Innovation.   Emphasizsing that innovation is a priority in the current market, Mager discusses how BNY Mellon has …

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Satago cited in Real Business article as an alternative to venture capital funding

With reports that venture capital funding for European technology start-ups fell by a third in Q3 2016, and that crowdfunding in the UK has decreased by approximately 20%, what are the alternatives for businesses seeking funding? In a Real Business article entitled “Venture capital funding in a cold climate”, invoice finance is highlighted as a …

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Satago’s Steven Renwick considers the advantages of invoice finance over lump sums for SMEs in Business Advice

Often for SMEs, receiving a lump sum or an equity investment can generate dilemmas resulting in overtrading or unwanted external influences. In Business Advice, Steven Renwick, CEO of Satago, considers an attractive alternative – selective invoice finance. Such a facility enables businesses to borrow funds as and when needed – on demand. Renwick writes that “Instead …

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Satago considers how invoice finance can help SMEs seeking investment in AccountingWEB

    For most businesses – especially SMEs – capital needs are often satisfied by a lump-sum debt injection or an equity investment. Both can result in funding way beyond what most SMEs need at any given moment, resulting in unnecessary challenges and complications.   Writing for AccountingWEB, Satago’s Steven Renwick and Julie Warren consider …

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How to become your own bank manager: Satago discusses pioneering SME finance developments in SmallBusiness.co.uk

The SME finance landscape is being transformed, with alternative financiers leveraging cloud technology, real-time data and analytics tools to provide businesses with smart, efficient and cost effective finance and debtor management solutions. In SmallBusiness.co.uk, Steven Renwick, CEO of fintech company Satago, discusses how we have reached the point where technology is enabling such levels of …

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Commerzbank’s Christian Hoppe stresses the value of nurturing fintechs in Euromoney

Banks have not been blind to the rise of financial technology (“FinTech”) start-ups, nor has their approach to the new upstarts been completely characterised by competition. On the contrary, many banks have been encouraging the industry’s growth – setting up “FinTech labs” to nurture start-ups’ expansion for mutual gain. In a new report for Euromoney, …

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Deutsche Bank publishes new guide to EU Payment Services Directive 2

Banks and payment providers will need to adapt their systems and processes to comply with the requirements of the new EU Directive on Payment Services (PSD2), according to a new guide published by Deutsche Bank, in collaboration with PPI AG, that explains the directive’s most important provisions, as well as its impact on the operations …

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Deutsche Bank’s Andrew Reid in The Paypers: B2B payment innovation is possible only through collaboration

Andrew Reid explains in The Paypers that collaboration is needed for banks to achieve the same level of transformation and convenience in the B2B space that they have already delivered in the retail banking space. In an interview previously published in the B2B Fintech: Payments, Supply Chain Finance & E-invoicing Guide 2016, Reid says that …

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“Better Together”: In El Economista, BNY Mellon’s Margaret Guevara argues banks must work together as an industry if the full power of fintech is to be utilised

Digital innovation, the rise of fintechs, and the growing influence of the millennial generation are creating a newfound urgency for banks to modernise cash and trade transactions. In Mexico, over 70% of banks regard digital transformation as a key board and CEO priority. Yet how can banks best bring about this transformational change? Writing in …

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