It's often said that SMEs are the backbone of the economy. But it's also no secret that accessing financing remains a major hurdle. So, how can banks address this gap while ensuring profitability? In our latest article, we spoke to Lekshmi Nair, Chief Revenue Officer at Finastra, about how certain new technologies - automation, APIs, and open finance - could be the key to unlocking financial inclusion for SMEs. 🌍 Discover how the landscape is shifting and get her thoughts on the upcoming Sibos event in Beijing, China and what this means for Finastra and indeed financial services in the region. https://lnkd.in/eCy2mf6W #SMEfinance #OpenFinance #FinancialInclusion
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🔎 In the UK, SMEs contribute nearly two-thirds of employment and £2.4 trillion in turnover. Yet, 49% find it harder to secure funding now than three years ago, with 28% facing rejection since November 2023. 💡 Lekshmi Nair from Finastra highlights the challenges SMEs face, including rising costs and regulatory burdens. Traditional banks struggle with manual processes, but Finastra is stepping in with innovative solutions. ✔️Our solutions streamline processes, enhance efficiency, and expand access to finance, supporting SMEs and their vital role in our communities Read more: https://okt.to/HPA8Q5 #SMEs #Finance #Innovation #FinancialInclusion #Finastra #lending #Fintech
Solving the SME Banking Conundrum
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#finastra 🔎 In the UK, SMEs contribute nearly two-thirds of employment and £2.4 trillion in turnover. Yet, 49% find it harder to secure funding now than three years ago, with 28% facing rejection since November 2023. 💡 Lekshmi Nair from Finastra highlights the challenges SMEs face, including rising costs and regulatory burdens. Traditional banks struggle with manual processes, but Finastra is stepping in with innovative solutions. ✔️Our solutions streamline processes, enhance efficiency, and expand access to finance, supporting SMEs and their vital role in our communities. Read more: https://okt.to/LUAZQl #SMEs #Finance #Innovation #FinancialInclusion #Finastra
Solving the SME Banking Conundrum
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🔎 In the UK, SMEs contribute nearly two-thirds of employment and £2.4 trillion in turnover. Yet, 49% find it harder to secure funding now than three years ago, with 28% facing rejection since November 2023. 💡 Lekshmi Nair from Finastra highlights the challenges SMEs face, including rising costs and regulatory burdens. Traditional banks struggle with manual processes, but Finastra is stepping in with innovative solutions. ✔️Our solutions streamline processes, enhance efficiency, and expand access to finance, supporting SMEs and their vital role in our communities. Read more: https://okt.to/5YUzZV #SMEs #Finance #Innovation #FinancialInclusion #Finastra
Solving the SME Banking Conundrum
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🔎 In the UK, SMEs play a crucial role, contributing nearly two-thirds of employment and an impressive £2.4 trillion in turnover. However, many are facing significant hurdles, with nearly half finding it harder to secure funding recently. ✔️ Lekshmi Nair from Finastra discusses how traditional banks are struggling with outdated processes, while Finastra is providing innovative solutions to enhance efficiency and support SMEs. Read more about this essential issue here: https://okt.to/7uSfAG #SMEs #Finance #Innovation #FinancialInclusion #Finastra
Solving the SME Banking Conundrum
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Last week, we launched an impactful seven-point action plan to enhance funding access for the UK's 5.5 million SMEs. These enterprises employ 60% of the private-sector workforce and drive over 50% of UK economic turnover. Read more on FF News | Fintech Finance👇 https://lnkd.in/esJnzxDb 📄 Follow the link below to read the SME Finance Taskforce Report here: https://lnkd.in/emPSaaCp #UKFintech #SmartData #SMEGrowth #SMEFinance #CFIT
Banking and Financial Services Taskforce Delivers SME Action Plan to Boost UK Economic Growth
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🔎 In the UK, SMEs play a crucial role, contributing nearly two-thirds of employment and an impressive £2.4 trillion in turnover. However, many are facing significant hurdles, with nearly half finding it harder to secure funding recently. ✔️ Lekshmi Nair from Finastra discusses how traditional banks are struggling with outdated processes, while Finastra is providing innovative solutions to enhance efficiency and support SMEs. Read more about this essential issue here: https://okt.to/20h6Jp #SMEs #Finance #Innovation #FinancialInclusion #Finastra
Solving the SME Banking Conundrum
ffnews.com
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🔎 In the UK, SMEs play a crucial role, contributing nearly two-thirds of employment and an impressive £2.4 trillion in turnover. However, many are facing significant hurdles, with nearly half finding it harder to secure funding recently. ✔️ Lekshmi Nair from Finastra discusses how traditional banks are struggling with outdated processes, while Finastra is providing innovative solutions to enhance efficiency and support SMEs. Read more about this essential issue here: https://okt.to/MEIgRX #SMEs #Finance #Innovation #FinancialInclusion #Finastra
Solving the SME Banking Conundrum
ffnews.com
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🔎 In the UK, SMEs play a crucial role, contributing nearly two-thirds of employment and an impressive £2.4 trillion in turnover. However, many are facing significant hurdles, with nearly half finding it harder to secure funding recently. ✔️ Lekshmi Nair from Finastra discusses how traditional banks are struggling with outdated processes, while Finastra is providing innovative solutions to enhance efficiency and support SMEs. Read more about this essential issue here: https://okt.to/I7Ti4g #SMEs #Finance #Innovation #FinancialInclusion #Finastra
Solving the SME Banking Conundrum
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Our feature in Echelon Magazine, with insights from our CEO Nazeem Mohamed , dives deep into how Dialog Finance PLC is reshaping financial services in Sri Lanka through digital innovation and inclusivity. With platforms like Genie and Genie Business, we are empowering consumers and MSMEs with seamless digital transactions and advanced financial solutions. Read more about our vision for the future of fintech! #geniebusiness #fintech #digitalpayments
Backed by Sri Lanka's largest Telco, Dialog Finance aims to bring fintech to the mainstream. Dialog Finance PLC CEO Nazeem Mohamed explains how. Read more about it here: https://lnkd.in/g5c-WpZi
Dialog Finance: Driving Sri Lanka's Fintech Revolution - Echelon
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Banks, financial institutions and fintechs in Middle east Asia are increasingly seeing growing demand for credit among SMEs. Durgaprasad S.' blog explores the key factors that financial institutions need to consider for effectively meeting the diverse, sometimes complex needs of SMEs. https://lnkd.in/gCWwhyjW #fintech #SME #finserv #SMEFinance
Shaping the Next Generation of SME Lending in Middle East Asia - Pennant Technologies
https://www.pennanttech.com
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