Building a Digital Future
The reinvention of community and mid-sized banks
Today community and mid-sized banks face a series of challenges – including growing competition for SME banking business from digital disruptors, larger financial institutions and tech giants like Google, Amazon, Facebook, and Apple.
Why mid-sized banks are increasingly squeezed in the middle ground by large banks able to invest significant sums into new digital business models at the high end and well-funded neobanks at the other.
How banks can retain ther primary relationships with SME owners while expanding the range of financial products for SMEs that aren’t just focused on lending. Supporting their treasury management, accounting, insurance needs, and international business are examples of ways they can support an SME’s whole business.