BankiFi announced that it has joined Visa Fintech Partner Connect in Europe

By Joy Dumasia

BankiFi, the Manchester-based tech company on a mission to put banks at the heart of the business, has announced that it has joined Visa Fintech Partner Connect in Europe, a programme that helps Visa’s clients deliver the next generation of digital banking solutions. The partner programme focuses on Visa’s clients who are interested in improving their digital proposition for SMEs.

With a range of microservices for end-to-end business financial management, BankiFi is designed to make business banking better, enabling banks to provide a set of integrated services accounting, invoicing, and payments designed around the processes SME and trade customers use to run their business. From invoicing and accounting to cash flow forecasting and working capital optimisation, banks can liberate SMEs from time-consuming financial admin and allow their business to thrive.  

BankiFi is a technology platform designed to make business banking better, enabling banks to provide a set of integrated services accounting, invoicing, and payments designed around the processes SME and trade customers use to run their business.

Nick Reid, Head of Sales, Europe and North America, said: “Amidst growing competition and disruption from digital challengers, many banks are suffering from an erosion of their business banking market share. BankiFi empowers banks to protect and grow SME market share and preserve the relevance of digital business banking channels. We are excited to partner with Visa, who are at the forefront of innovation in digital solutions for SMEs. Through Visa’s partnership and support, we are eager to bring our solutions to banks in additional European markets.”

Recently, IBS Intelligence reported that Banking technology platform provider, BankiFi, has partnered with TSB to launch Revenu, an app exclusive to TSB that allows small businesses to receive quicker payments and manage their business finances better.