American Express Launches Financial Management Tools For Small Businesses

“Historically, small businesses have been underserved when it comes to smart, simple financial management tools, said Alenka Grealish, principal analyst for emerging tech at Celent. Now a few financial institutions are reinventing small business banking and delivering needed tools, she added.

Her December 2020 report, “Reinventing Small Business Banking”, shows it was even then a crowded field of innovation with companies like Square, Stripe, Amazon, Shopify and Intuit Quickbooks offering merchant payment services and analytics both directly and with partners.