Lafferty Conferences bring together leaders from across the retail banking and payments industries to learn, network and share practice with their peers from around the world.
SME Business Banking is emerging as the most exciting area of retail banking. It's not a surprise, as the gap between banks and SMEs is enormous: the potential is also enormous, because banks have rarely provided good services to SMEs. The feeling is mutual. Incredibly, research suggests that an SME that is turned down by a bank will never approach that bank again. Moneylenders, friends and family often must fill the gap that banks cannot cover.
Despite the fact that globally, there are 400 million small and medium businesses that employ most people around the world, SMEs are the equivalent of the unbanked masses in the world of consumer banking. They are often seen as low-margin and difficult clients. Research shows indeed that an SME that approaches a bank and is turned down is unlikely to ever approach another bank.
Among the big themes that we will be addressing in London in October:
We'll be sharing more details with you through March and April. Speaker requests should be directed to ronan.lynch at lafferty.com.
Subscribe to the Lafferty Daily BriefingSIGN UP
© 1981-2019 Lafferty Group
Toll-free: +44(0) 800 772 3849
83 Victoria Street