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Small business Banking-as-a-Service rises to the top in this week roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it i [url=https://www.cup-stanley.fr]stanley france[/url] s ushering in a new definition of open banking with its embedded banking functionality. Meanwhile, Prime Trust launches a new portal for banks to manage crypto, and Radius Bank releases its own API-powered developer sandbox.Prime Trust Debuts Fractional Assets Platform For BanksPrime Trust, which provides financial infrastructure as well as technology for custody and settlement of alternative assets, has rolled out a new core banking platform with support for cryptocurrency and other fractional assets. In a recent announcement, Prime Trust said its new core accounting and customer asset management platform is designed for banks, FinTechs and trust companies to access a range of capabilities, [url=https://www.cup-stanley-cup.ca]stanley ca[/url] including payment processing and transaction settlement. The Software-as-a-Service tool also includes support for adding custody of fractionalized assets, including crypto, real estate and securities. In a statement, CEO Scott Purcell said that while more banks are interested in stepping into the crypto arena, many face struggles 822 [url=https://www.cups-stanley.uk]stanley cup uk[/url] 0;once they realize that their legacy core systems 8230; are not built to handle the precision requirements of fractional or digital assets.BizCapitalBrazil BizCapital offers banks and other financial institutions FIs Uixv SNAP Users Shut Out Of The Digital Grocery Aisles
U.K. alternative small business SMB lender iwoca announced on Monday Feb. 18 a fundraise worth nearly $194 million. Reports in Business Leader said Augmentum Fintech led the Series D funding round, which was made up of equity and debt capital, while NIBC Bank and existing backers, including Prime Ventures, also took part in the funding.In a statement, iwoca CEO and Co-founder Christoph Rieche said the investment will enable the company to continue focusing on propelling smal [url=https://www.cups-stanley.fr]stanley france[/url] l business growth in the U.K., as well as in Germany and Poland. The company turned its first profit last year, reports said, and has, so far, provided financing to more than 25,000 small businesses.Reiche said, iwoca continues to grow rapidly, while bank lending to small companies has dwindled. We are on track to fund 100,000 small businesses in the next five year [url=https://www.stanleycup.pl]stanley kubek[/url] s, and our mission is to help 1 million small businesses succeed by opening up access to finance.In another statement, Augmentum Fintech CEO Tim Levene said [url=https://www.stanleycups.cz]stanley termoska[/url] the company is unique for its scale in both the U.K. and Germany. The factors that underpin iwoca success are difficult to achieve in combination. We are confident that iwoca will emerge as one of the few winners in the [SMB] non-bank lending space.The company new funding was announced the same day as another alternative U.K. small business lender. ThinCats announced its own capital funding, provided by the British Business Bank 8216 BBB 82

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