What Services Do Digital Banks Offer To SMEs?
When it comes to running a business, there’s a bunch of complexities involved that many may not be aware of. From banking to bookkeeping, it’s a long list of items to check off the list in order to get the business up and running. In a study by Deloitte, SMEs tend to feel under-served by financial services as compared to multinational corporations. Indeed, there can be more hoops that SMEs have to jump through (for example, when getting loans) as banks are more restrictive towards SMEs partly because it’s more difficult to assess these businesses compared to MNCs. One of the key things every business requires is a business bank account. That, and intuitive, fuss-free and seamless services that simplify the journey of setting up a business.
As the world and ways of doing business evolve, so...
