THE BANKS’ NEW OPPORTUNITY TO CONNECT WITH SMES

The UK banking sector has scaled back its high street presence over the years as new technology promised greater efficiency and savings. Yet, the change has cost traditional financial institutions the close relationships they enjoyed with many SMEs. As a result, a true understanding of the challenges and needs smaller businesses face has eroded away. New developments in open accounting could see the trend reversed. The technology and changes in the regulatory landscape can enable lenders...
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