Payhawk has partnered with Curve to launch a guide to how fintechs can work with the existing financial system, and how disruptive startups can partner with banks.
The expenses, payments and invoice management platform Payhawk, and the financial super app Curve have together launched a guide to how fintechs can work alongside the established financial services sector, and banks in particular, to offer greater trust and value to both businesses and consumers.
For companies just starting out, or those moving towards adopting fintech, it can be difficult to access reliable information that gives a realistic picture of both the benefits and considerations of using fintech in business.
‘Fintechs and Big Banks: How innovation is shaping finance for businesses and consumers‘ was written by experts from both Payhawk and Curve who wanted to deliver a resource that can educate and inform readers.
They explain how fintechs and traditional financial firms can work together, and summarise the main regulations that enable fintechs to thrive.
It uses case studies from both Payhawk (B2B) and Curve (B2C) to demonstrate the benefits that fintech offers to both customers and the individual economy.
The guide shares information on how fintechs fit within the wider financial system, regulations relating to financial technology, and two case studies of fintechs working alongside banks.
Company case studies featured in the guide include Payhawk clients GtmHub, Viking Life and ATU, as well as Curve partners Samsung, Huawei and Swatch.
The guide is aimed at companies and consumers who want to educate themselves on the fintech sector and understand how both streams work together in order to create innovation and build trust.
Hristo Borisov, CEO and co-founder of Payhawk, comments: “We’re delighted to partner with Curve to deliver a practical resource that benefits companies adopting fintech solutions in order to drive their businesses forward, as well as consumers who wish to know more about the systems that influence their financial lives.
“Payhawk and Curve share a purpose: to empower our customers to understand and control their finances. Therefore whilst it is important to offer a product solution, it is also of paramount importance to provide accessible and informative education too.”
Shachar Bialick, CEO and founder of Curve, added: “As a platform, Payhawk works in a similar way to Curve, joining the dots between different parts of the financial system in a way that greatly benefits the customer. Curve is the financial super-app that helps customers take control of their financial lives.
“Whilst we work for consumers, Payhawk has extensive knowledge of how to simplify payments for business clients. So it made sense for us both to partner, to share what works with companies and to give a broad view of fintech across industries.”
