Unlocking growth: Digital banking for small businesses
Small and medium-sized businesses (SMBs) offer banks a significant growth opportunity. By adopting a digital approach with a personal touch, banks can effectively cater to this underserved segment.
European Central Bank data reveals that 20% of SMBs in Europe face challenges accessing financing, with one in five unable to secure the credit they need. Despite this demand, banks have struggled to successfully serve SMBs due to the high level of attention required with limited returns and perceived risk.
