In the last few years operational agility, remote digital services and seamless customer experiences have each been a leading agenda point in financial services. These objectives have only taken more precedence in the wake of COVID-19. Institutions are looking for ways to not only offer lending services remotely, but also to operate efficiently as SMEs’ demand for swift access to financing skyrockets and unprecedented margin pressures call for cost reductions.

Implementing these functionalities requires more than a one-size-fits-all approach and this whitepaper aims to guide institutions through their transformation journey. MEDICI Global and Spotcap reviewed numerous studies to collect insights on how markets have been developing over the past 5 years and in particular how SMEs’ needs have changed due to COVID-19. More importantly, the whitepaper explores the different ways digitalisation can address these needs and what options are available to streamline operations, bolster risk assessment and offer same-day financing.

“MEDICI is the network focused on FinTech. It’s the spotlight any startup is looking for. It also gives visibility and exposure to every stakeholder you can imagine in the FinTech sector, such as VCs, Financial Institutions, and global accelerators in more than 56 countries. As a leader in digital innovation for my bank, I’m very excited to be part of MEDICI’s network. I have a saying, “The more I see the less I know. I think it’s a perfect fit to describe my feelings toward the possibility that will unlock for us.”