FinTech Magazine - November 2022 | Page 8

From Open Banking to Open Finance for SMEs

Digital disruption in financial services is already a reality for retail customers but it hadn ’ t happened yet for SMEs and entrepreneurs , who were still seeing their needs and demands pretty much uncovered . SMEs across the globe are seeking beyondbanking ecosystems , integrating third-party services , that cover their needs in a single , easy-to-use service , allowing them to focus on their core activities .