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Banks could do so much more for SME customers in a digital age
Jonathan Corner
Wednesday, March 15, 2017

More Posts

  1. Business Banking Sucks – but a few FinTechs and Big Banks are trying to change this.
    13 Apr, 2017
    Business Banking Sucks – but a few FinTechs and Big Banks are trying to change this.
    As a business owner, I rarely log into my business bank account. They make it too hard for me to log in, and when I do, the level of capability doesn’t reflect the jobs I have to do on a day-to day-basis. We are hugely busy building our company, 11:FS, and I can’t be bothered with something that doesn’t give me basic insight and isn’t at all connected to my personal banking. Instead, I use Xero for accounting and invoicing; Receipt Bank for receipting; PipeDrive for managing our pipeline; and
  2. Just imagine if banks actually cared about SME customers
    06 Jan, 2017
    Just imagine if banks actually cared about SME customers
    ​On the whole, there has been relatively little innovation in SME banking propositions since the financial crisis. All this, despite a boom in technological innovation, which makes it eminently feasible for banks to play a much more substantial role in the lives of their customers as an SME Business Partner, rather than a disconnected utility provider. SMEs have always needed and will always need much broader support than banks currently provide. There is a multitude of areas where banks have
  3. Using an account aggregator will make it harder for banks to take advantage of people
    28 Sep, 2016
    Using an account aggregator will make it harder for banks to take advantage of people
    ​Banks deliberately make money feel complicated. We all know the feeling – you ask for some advice and get a string of long words, big numbers and small print in return. Even the chief economist at the Bank of England can't make the 'remotest sense' of much of the material provided by banks. As a result you can either ignore it all and hope that the problem goes away, or sign up to the thing the nice man says you should. There's just one problem, when the experts don’t even understand a lot of