{"id":16196,"date":"2021-07-27T11:18:38","date_gmt":"2021-07-27T11:18:38","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=16196"},"modified":"2021-07-27T11:18:38","modified_gmt":"2021-07-27T11:18:38","slug":"competition-to-serve-smes-financial-needs-growing","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/competition-to-serve-smes-financial-needs-growing\/","title":{"rendered":"Competition to Serve SMEs\u2019 Financial Needs Growing"},"content":{"rendered":"<p>Competition to serve the financial needs of small and medium-sized enterprises (SMEs) is growing, resulting in a variety of products designed to make business easier for SMEs. This includes specialized one-stop-shop platforms that stitch together an ecosystem of specialist providers. Both neobanks and incumbent financial institutions are making great progress in their SME offering, although incumbent financial institutions are struggling more with finding profits with these solutions. Neobanks tend not to struggle with this as much due to their typical focus on smaller firms with simpler needs and their greater overall cost efficiency. Going forward, it will be important for any financial institution working with SMEs to develop smart solutions for SMEs today that will also solve their anticipated problems of tomorrow.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16196 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Citi app now open to non-Citi customers in bid to grow digital presence'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/citi-app-now-open-to-non-citi-customers-in-bid-to-grow-digital-presence\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/3dd9315c53f5c3632a318d92da063821-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10238\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10238'>\n\t\t\t\tCiti app now open to non-Citi customers in bid to grow digital presence\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banks reviewing how consumers get perks from income cards'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-reviewing-how-consumers-get-perks-from-income-cards\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/09\/16384-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-13632\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13632'>\n\t\t\t\tBanks reviewing how consumers get perks from income cards\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 25th January \u2013 1st February'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-25th-january-1st-february\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/02\/43748fa4-f76b-4048-9632-dca52e46185a1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15742\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15742'>\n\t\t\t\tBFC FinTech Monitor 25th January \u2013 1st February\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Competition to serve the financial needs of small and medium-sized enterprises (SMEs) is growing, resulting in a variety of products designed to make business easier for SMEs. This includes specialized one-stop-shop platforms that stitch together an ecosystem of specialist providers. Both neobanks and incumbent financial institutions are making great progress in their SME offering, although &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"class_list":["post-16196","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","bulletin_edition-07_july-fintech-2021","bulletin_edition-fintech-2021","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16196"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16196\/revisions"}],"predecessor-version":[{"id":16199,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16196\/revisions\/16199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16197"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}