BankiFi expands its presence in the US market

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BankiFi, a British provider of integrated banking solutions, has expanded into the United States with the launch of BankiFi Americas.

BankiFi Americas will support the digitization and payment modernization requirements of small and medium enterprises (SMEs).

SMBs in the US face the same issues as those in the UK and Australia, including late payments and delays due to financial administration, according to BankiFi CEO and Founder Mark Hartley.

BankiFi Americas, based in Ohio, aims to use technology to transform the services available to SMBs within community banks across the United States.

Keith Riddle has been appointed to lead BankiFi Americas in his new role as CEO Americas. Most recently, Riddle served as President and CEO of Sherpa Technologies.

During his 35-year career in the financial industry, Riddle has also held executive positions in several companies specializing in digital banking, bill presentment and payment, EFT processing services, wholesale financial services and cloud computing.

Riddle commented: “I am delighted to take the reins of BankiFi US and build on what the UK team is doing in terms of digitizing critical small business workflows and integrating the solution into the digital channels of financial institutions. , in what is certainly an exciting time for the sector.”

U.S. financial institutions will be able to use BankiFi’s open cash management platform and architecture to integrate a solution that can be scaled to meet their small business portfolio segments.

According to BankiFi, the platform meets the critical requirements of SMEs with digital workflows that collect payments faster, automate data integration with accounting platforms and provide comprehensive insights to optimize working capital .

BankiFi aims to help more than 2 million SMEs worldwide by 2024 through partnerships with banks and financial institutions to provide technology designed to improve business banking services.

BankiFi already operates outside the UK in Australia and Belgium.


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