Bankjoy launches Business Banking 2.0 platform

By Delisha Fernandes

Bankjoy, a digital banking provider, has launched Business Banking 2.0, which features new product and service enhancements designed to help banks and credit unions better serve businesses across their local communities.

Bankjoy announced the launch of Business Banking 2.0 at Corelation’s 12th Annual Client Conference in San Diego, California.

Bankjoy is a Detroit-based FinTech that delivers modern banking technology, including mobile banking, online banking, and a banking API, to banks and credit unions — big and small. The company creates products with advanced features, simple navigation, modern look and feel.

Bankjoy’s upgraded Business Banking platform delivers a superior digital banking experience for business and commercial account holders. The platform enables banks and credit unions to support various commercial clients, including retail businesses like coffee shops and apparel stores, small to medium-sized businesses, commercial real estate companies, service organisations such as dental offices and vet clinics, and large agricultural enterprises.

“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,” said Michael Duncan, CEO of Bankjoy. “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 US 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.”