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Bankjoy intros business banking platform

Bankjoy intros business banking platformImage via Adobe Stock


Bankjoy, a digital banking solutions provider, introduced Business Banking 2.0, which offers products and services for banks and credit unions to reach businesses in their communities. With the platform, financial institutions can offer a better digital banking experience for their business clients, according to a press release.

Features include:

  • Multi-factor authentication and positive pay to match company issued checks with ones presented for payment.
  • Transaction management tools.
  • Integration with third party vendors such as Intuit Quickbooks for taxes, payroll and accounting.
  • Account management features through Plaid's aggregation tool.

"The pandemic changed the business landscape and while it forced many to close, the last few years have seen a surge in new business applications, creating a huge opportunity for banks and credit unions," Michael Duncan, CEO of Bankjoy, said in the release. "In 2020 alone, more than 4 million business applications were filed, up 24% over 2019 and 51% over the 2010-2019 average, according to the U.S. Census Bureau. Bankjoy's Business Banking platform was thoughtfully designed to help financial institutions support this growing demographic and empower the businesses in their local communities to thrive."


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