and Axiom Bank have partnered to offer banking services to small-to-medium size businesses across the United States.聽
Axiom鈥檚 SME customers will be able to better track and manage their business finances using BankiFi鈥檚 embedded banking services.
BankiFi鈥檚 Open Cash Management platform can be seamlessly integrated with major accounting packages popular across the US, including QuickBooks and XERO. In addition, the system can handle the collection, matching and reconciliation of invoice payments submitted through various payment networks in a quick and efficient manner.
The new partnership represents Manchester FinTech BankiFi鈥檚 first North American client since its Stateside launch in July.
鈥淲e are really pleased to announce this new agreement with one of North America鈥檚 leading community banks,鈥� said Mark Hartley, founder and CEO of BankiFi.聽
鈥淐urrently, community financial institutions in the US are facing threats from FinTech platforms, national banks and accounting package vendors that are offering a competitive suite of payment solutions to SMBs.聽
鈥淗owever, through BankiFi, these valuable institutions can fight back, regaining the trust of North American SMB customers and providing them with the tools that they need. That’s why we’re so pleased to have a community bank of the stature of Axiom place its trust in us.聽
鈥淭he partnership is testament to the power of our service, and the result of much hard work across the entire BankiFi team. It’s a huge step in helping to support banks around the world to fight back, and will provide SMB owners across North America with the banking services they require to thrive.鈥�
The new partnership forms part of Axiom Bank鈥檚 plan to grow its SME client base nationwide.聽
Mike Coyne, chief information officer at Axiom Bank, commented: 鈥淢any SMBs across the US are struggling right now and need help to keep their heads above water. And many banks are unable to offer this support effectively, having seen their role in the financial ecosystem diminished in recent times.聽
鈥淎s such, there鈥檚 now a real need to put banks back at the heart of business, and to do this, we need to offer SMB owners the services that make a real difference in their lives.鈥�