Fintech
illimity Creates b-ilty
illimity today presents b-ilty, the first digital business store of financial services and credit for small- and medium-sized businesses (“SMEs”) – those having a turnover of indicatively 10 to 2 million euro – with high growth potential.
A bank created with the aim of simplifying a businessman’s life, thanks to the latest generation platform that combines specialist expertise and cutting-edge technology and provides its customers with the products and services of a complete bank, with the immediacy and ease that only an evolved user experience can ensure.
b-ilty is a digital platform 100% focused on SMEs, created with entrepreneurs for entrepreneurs, aiming to simplify the management of daily activities. It gathers all banking operations together in a single ecosystem, integrating tools to support customer growth with solutions that are adapted to the needs of the individual business and the individual sectors of the economy.
It is precisely for this reason that it has been designed on the basis of models typical of the most widespread digital solutions, to bring means of relating and interacting normally used on non-financial platforms to the world of credit and financial services for the first time. The b-ilty business store, which envisages an “all-inclusive” subscription, will be progressively enriched with additional features, products and services, that will be automatically integrated and updated in the platform, available to subscribers.
A BANKING PLATFORM DEDICATED TO SMEs
b-ilty is a banking platform of financial services and credit that has been constructed on the basis of the suggestions received from hundreds of entrepreneurs. It includes all the most widely used banking transactions, credit and debit cards, short-term credit, factoring to fund working capital, medium-term credit to fund investments, insurance cover to protect the entrepreneur and the business and many other products and services provided directly by the illimity Group or by qualified partners. The range of products and services will be constantly updated and gradually extended to take into account the specific needs of the various sectors of the economy.
FAST LENDING DECISIONS
b-ilty provides short and medium to long-term credit. b-ilty is aware that entrepreneurs want an immediate and clear response, whatever it may be. b-ilty is aware that every sector is different from the others. Thanks to a strongly data-driven approach and the business expertise of illimity’s Growth Credit division, it proposes a credit offer constructed by assessing the characteristics of the various businesses and the specific sectors in which they operate. Thanks to evolved LendTech systems and experts in the sector to be increasingly added, b-ilty is able to rapidly analyse dozens of indicators that will gradually be adapted to the features of each individual economic sector and shared with customers.
FULLY DIGITAL BUT ALSO PERSONAL
b-ilty is created fully digital, and easy to use to enable the entrepreneur, the CFO and the accountant to manage the business’s finances from their own office, without paper or the need to go to a branch without depending on other people’s availability. At the same time, it is also made up of people: every b-ilty customer will have a clear Relationship Manager with name and surname, as well as a professional call centre – Smart Care – available 7 days a week.
ALL ACCOUNTS IN ONE PLACE AND A WEALTH OF INFORMATION
Thanks to PSD2 functionalities, b-ilty also allows businesses to make a better use of the other bank accounts: the balances and movements of all the current accounts a company holds with other intermediaries can also be viewed on the b-ilty platform and the company can carry out transactions on all its accounts from this platform.
b-ilty knows how important it is to have detailed and comprehensible information available for managing a company and for this reason it puts the information it has available on the financial performance of each business and the sector to which it belongs at its customer’s disposal.
It is then at the discretion of the Head of the company to decide which information should be shared with which internal workers and with which external professionals. The platform undoubtedly simplifies work within the company itself and relations with its own accountant or other external professionals. It is an open platform that adapts to the operating needs of every business.
ALL-INCLUSIVE TRY & BUY SUBSCRIPTION
b-ilty not only allows customers to tailor the use of their bank, but also removes any doubt about the transparency of the applicable conditions.
In this respect the b-ilty platform is available as an “all-inclusive” subscription, meaning without operating limits, at a monthly cost of 40 euro.
The first three months are free of charge, after which the monthly subscription can be interrupted at any time.
Today starts the Beta Phase of b-ilty, in which access to services will be restricted to a limited number of SMEs, that will be gradually increased to ensure that our customers always receive the best possible service.
Corrado Passera, CEO and Founder of illimity, commented:
“From its very beginnings, illimity has been very focused on providing credit to SMEs. In three years, we have created a new paradigm Bank that ended 2021 with assets of almost 5 billion euro, an operating income of 111 million euro, a ROE of 10% and a capital base and credit quality at the very top of the sector. In these three years we have inevitably concentrated on medium-sized businesses, but in these three years we have also invested in order to take our technological platforms, our valuation and credit structuring ability and our knowledge of the sector to all SMEs. b-ilty is precisely that: it brings illimity to a market consisting of at least a million SMEs. We see an enormous potential for growth and improved services in this large world, something fundamental for our country.”
Carlo Panella, Head of Direct Banking in illimity, stated:
“b-ilty represents something different in the banking offer dedicated to small and medium-sized businesses. It combines the best of new technologies with a highly tailored proposal based on modern paradigms of use, with relations and support ensured by a team that will be the customer’s point of reference. Created by listening to what entrepreneurs in the various sectors had to say, b-ilty’s aim is to respond, for the first time, to the growing need for an offer exclusively dedicated to them. b-ilty’s digital business store is moreover an example of real open banking based on a model that does not only consist of illimity’s products but also those of selected partners, with the aim of constantly including the best available offers. In this respect, in order to create b-ilty we have gone beyond the financial world, taking inspiration from everyday digital platforms that are easy-to-use, transparent in their conditions and always updated in the offer. Our promise is to be complete in an offer that is easy-to-use and fast in the answers, always ensuring the human touch, thanks to a team of enthusiastic professionals.”
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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