WHAT DOES THE FUTURE HOLD ?
DIGITAL DISRUPTION
cards , which previously required a lengthy phone call , or same-day account opening , which eliminates the amount of paperwork that would usually ensue . These tailored digital offerings are typical benefits of Open Banking , and SMEs were found to be 3.6 times more likely to switch to if they understood it . There is some way to go before the full comprehension is there but Open Banking remains a significant force and the sentiment towards it is overwhelmingly positive .
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WHAT DOES THE FUTURE HOLD ?
Research shows there ’ s a big take up by SMEs in online , digital and mobile solutions - much higher than it is for consumers . It ’ s born of the greater efficiency that brings and the additional value it has to business owners . One of their core needs is in terms of managing processes and cash flow . It ’ s hard for SMEs , experts in what they do , to suddenly become experts in the financial implications of tax and accountancy while running a business so they often end up with a network of disparate solutions . I learned with Aldermore that integrated solutions delivered through mobile will add value to SMEs and help
“ I learned with Aldermore that integrated solutions delivered through mobile will add value to SMEs and help them understand and manage their business . Number one is joining accounting , invoicing and banking ”
DECEMBER 2018