The news: U.S. Bank has introduced a Spend Management platform and an all-in-one Business Essentials checking account to help small businesses better manage finances in one place, per American Banker.
How we got here: The bank surveyed 1,000 small-business owners last August and found that these customers prefer bundled digital banking services. That means they want one single platform for payments, operations management, and other banking needs.
Plus, we’ve covered how small businesses have long asked for improved mobile banking features—and our research confirms that these customers want tools to help them manage their businesses beyond basic banking.