Fundtech, a market leader in global transaction banking solutions, today announced the results of a live poll conducted at its annual North American Insights client conference held at the Arizona Grand Hotel in June. Surveying 137 banking executives from over 100 financial institutions, the poll addressed the challenges and opportunities banks face in targeting the small-to-medium enterprise (SME) segment.
Summary of Findings
Top Challenges and Opportunities in the SME market
The survey revealed that bankers see very strong potential for the SME segment, with strong demand for new services, especially mobile banking:
Regulation and compliance stood out as leading concerns among the bankers surveyed. Results show a continuing lack of clarity around what must be done to comply with new regulations (such as Dodd-Frank), and the expectation that there will be additional regulations to follow.
George Ravich, Fundtech Chief Marketing Officer, said: “The SME market offers an enormous growth opportunity to banks that understand their unique needs. For the millions of SMEs that consider their pick-up trucks as their offices, the mobile channel provides a compelling level of convenience and control. The key to success is offering this market segment well-designed options that are developed for the three major platforms-smartphone, tablet and computer.”
Filogix Private Lender Gateway launches to connect private lenders with mortgage brokers Private lenders now have barrier-free access to a wide range ...View article
Finastra and NAMMBA align to pursue a common goal: to foster fair treatment and equality in today’s rapidly-changing housing market Lake Mary, F...View article
Fintechs to co-develop tailored version of Finastra’s Fusion Opics treasury solution for Chinese market Singapore – 8 July, 2021 – F...View article