Manchester-based BankiFi has expanded its operations into the United States.
The company has hired Keith Riddle, an Ohio-based fintech executive to head up BankiFi Americas.
Riddle joins from Sherpa Technologies, where he was President and CEO, prior to that he was an Executive VP at Corporate One Federal Credit Union.
“I’ve been following BankiFi’s incredible success in partnering with financial institutions to serve SMBs in the U.K. and realised the importance of enabling a comprehensive open cash management solution for financial institutions and their SMBs within the U.S.,” said Riddle.
“I’m delighted to take the reins at BankiFi U.S. and build on what the U.K. team is doing in terms of digitising the critical small business workflows and embedding the solution within financial institutions’ digital channels, in what is certainly an exciting time for the sector.”
BankiFi will offer the American market its open cash management platform and architecture, which uses digital workflow that collect payments faster, automate data integration with accounting platforms, and provide comprehensive insights to optimise working capital.
“SMBs in the U.S. are facing the same problems we’ve seen in the U.K. and Australia, including late payments and time delays due to financial administration,” added Mark Hartley, CEO and Founder of BankiFi.
“Within our technology, we aim to transform services available to SMBs within community banking, across the U.S.”
