If the pandemic has done anything for small businesses, it’s emphasized just how important these companies are to the economy. As they struggle to operate with limited cash reserves and little access to credit, it’s time for the U.S. to open its door to open banking before the growing number of small business closures becomes permanent.

In this whitepaper, we discuss how open banking is imperative for the U.S. economy to recover, and the approaches some American banks are taking to get a head start.

The corporate world as we know it is becoming, and has become, more digital, more mobile, and increasingly more tech-savvy, but many businesses still find themselves manually signing cheques and mailing them out. It’s time to retire paper payments, before these same businesses quickly become the last cheque writer standing.

In this whitepaper, we uncover four key reasons for businesses to go chequeless and discuss the strategies they can take to fully-digitize their operations.

Open Banking hasn’t, at least not yet, revolutionized the financial industry in the way many had hoped. Why? Because people underestimated just how quickly banks could adopt open banking. This whitepaper will cover what banks need to do next.

If Canada’s banks are going to become global financial innovators, they need to be open-minded when it comes to working with FinTechs and embrace these four key trends. They include open banking, authentication and digital identification, payments modernization, and embedding financial services within other applications. In this whitepaper, we break down each trend and look at how banks can adopt each one.

Clients want to work with companies that make their lives easier, whether that’s helping them pay their business’s bills faster, improve their accounting capabilities or help them run their operations more efficiently, and they will eventually demand that their banks play nice. By sharing data – in accordance with the customer’s wishes – everyone can benefit.