Banking Circle calls for financial inclusion for SMEs
Financial services infrastructure provider Banking Circle has launched its latest research paper at Sibos 2019, looking at how banks can improve financial inclusion for SMEs, reports Jane Connolly.
In a follow-up to June’s white paper, Financial Inclusion for Europe’s SME’s: Building a Circle of Trust, the research explores how banks are already changing and can change in the future to bring barriers down for SMEs.
Banking Circle has commissioned MagnaCarta Communications to produce a series of reports, to shed light on the issues and opportunities faced by real businesses around the world.
“The insights we have gained throughout this ongoing research project have been invaluable, giving us an accurate picture of how we can bring the industry together in an ecosystem model of collaboration, not competition, to deliver the solutions which meet the needs of real businesses,” says Anders la Cour, co-founder and CEO of Banking Circle.
He adds: “Reducing the cost and time involved in business banking and cross border payments is increasing global financial inclusion. In turn, this allows more SMEs to compete in the international marketplace alongside the bigger players, improving their valuable contribution to global economies.”
You can read the full report, Circle of Trust or out of the loop? here. Banking Circle will publish three more papers in the coming months; the next, focusing on payment innovation, will launch at Money 20/20 in October.
