It takes Three to Help SMEs: Banking, Finance & Accounting, and Technology

August 18, 2018

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

Are the SMEs finally going to get their dues with the evolving banking services driven by technological advancements after years of being under-served? Or will this innovation be driven by neo-banks and FinTechs?

Let’s start with banking. Banking’s progressive shift began with the evolution of several retail-banking innovations, largely because of the added value proposition offered by these superior, AI-driven FinTech experiences. The last 5–7 years have seen the emergence of various business models designed around making the retail banking experience seamless – talk about PFM, instant payments, wallets, recommendations, chatbots, and so on.

SMEs, despite being such a crucial component of global economic growth, have been trailing when it comes to innovations tailor-made ...

Read and learn about topics you are interested in.