For incumbents, this marks the arrival of a significant new competitive threat, and a major growth opportunity.
5-MINUTE READ
In brief
Banking embedded into the SME’s flow of life and work
- Traditional banks
- Digital platforms
85%
of SMEs state they are using digital services in their day-to-day operations...
20%
rely on digital services for at least half of their revenue
SMEs are eager to sample banking services from digital platforms
Banking services are disappearing into the other digital apps and services that SMEs use to run their day-to-day business.
Embedded finance—growing the SME banking market through platform economics
- The play for banks
- The play for digital platforms