The 4 Steps to Future-Fit SME Banking
Read our whitepaper to learn more about:
- The SME banking opportunity
- What’s gone wrong with traditional SME banking
- What do SMEs expect from their bank
- The 4 steps to future-fit SME banking
- How our technology can help banks better serve SMEs
SME banking is at a turning point. Customer demands are shifting, new digital players are targeting unmet meets, and the clever use of tech looks set to decide who’ll dominate the market of the future.
In mapping out a strategy for change, SME banking leaders should consider two challenges:
- How can they confront the threat of nimble, digital-first challengers coming to market with offerings more tailored to SMEs’ needs?
- And can they compete with challengers while laying the foundations for a service model that satisfies a broader need set and generates new sources of revenue?
Key findings
25M
SMEs in the EU, making up 99% of all companies.850B
USD in global annual revenue generated by SMEs for banks.80%
Of banks across Europe see the SME market as a potential growth area.“Being able to seamlessly connect with your accounting software, update tax returns, access legal advice – this is where most banks say they want to be”
SME executive with a multinational bank