Supported by ClearBank
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.
Here are more amazing figures:
Most businesses are started by one person, who builds a small team to run a hairdresser, a shop, a graphic design agency, or maybe a fintech!
Despite the fact that 400 million small and medium businesses are in operation and are the largest employers 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.
How can we address this problem? Join us in London for the 2019 International SME Business Banking Conference, as we work to build a better ecosystem for banking and businesses. These are the main themes of the event:
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