then the future looks bright for small business banking ,” says Vincent . “ Digital services that we see in our everyday lives are steadily making their way into the small business banking segment . We ’ re seeing financial service providers across the board investing heavily in improving their products and propositions for the benefit of small businesses .”
Straathof concludes : “ A mega trend for the next two years will be a digitally integrated bank with the functionality of a ‘ Super App ’, showcasing products like business insurance , accounting , pay requests , invoicing , crypto acceptance , commodities , stock monitoring etc ., along with funding options available to businesses at the right time – all in one dashboard .”
He adds : “ It requires small business banks to invest in their underwriting practices and make sure they have an appetite to take the risk , to support these businesses for their future growth .” fintechmagazine . com 99