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Business Banking Sucks – but a few FinTechs and Big Banks are trying to change this.
David M. Brear Founder & CEO at 11fs
Thursday, April 13, 2017

More Posts

  1. Banks could do so much more for SME customers in a digital age
    15 Mar, 2017
    Banks could do so much more for SME customers in a digital age
    ​ It’s much publicised that more retail customers today are managing their finances via mobile apps versus internet banking - Banking apps were downloaded nearly 23 million times in 2015 and over 40m times since 2014. An increase of 8.2 m in just one year — a download rate of more than 930 per hour for 12 months. Whilst it’s discussed less frequently this story is just as revolutionary in the SME sector. Insights from the Small Business Wellness index (manta.com 2015) show: More than 80% of SME
  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