SMEs (Small and medium-sized enterprises) are the strongest hit by the changing environment especially when the crisis arrives. During COVID-19 the case became more worst and then the need for SME Banking Transformation evolved to support SMEs’ success. Towards the beneficial aspects of SME transformation, banks need to have a thorough knowledge of their challenges. Where to start for SME…
One of the first things you should consider when beginning the planning phase of a project is what could go wrong. Although it sounds terrible, pragmatist project managers know that this kind of thinking is preventative. To know how to manage risks when project planning, you need to have a mitigation strategy. But how do you approach figuring out the…
SMEs are companies with financial needs that are too large for microfinance but too small for corporate banking models to properly serve. They are a substantial and economically significant sector in almost every country on the planet. SMEs account for over 50% of national output in high-income and several middle-income nations. The SME banking industry is in upheaval. It has…
Small and medium-scale enterprises are intensely involved with the economy of the nation. Some of the time, they also play a pivotal role in pushing up the economic growth of a country. But in most cases, SMEs face many financial obstacles, such as arranging capital to start or running the business smoothly. We can all agree that financial flow is…
Bill discounting or invoice discounting is the chance to borrow the sanctioned amount of short-term based funds from a lender on the outstanding invoices that the borrower holds. Small or medium-sized businesses require such funds to continue meeting their daily needs. Let’s take an example from our daily schedule of excessive outstanding in some cases. There may be situations when…
Small business owners often dismiss certain best practices, processes, technologies etc. as not being relevant in a smaller ecosystem. They may have created a handicap for themselves with this thought process. Over my years coaching SME business owners and Startup founders, I have identified a few things that small businesses can adopt from large corporates. They may require a little…
The technology-driven era of modern society has captured the vast area with ease for a diverse set of activities including financial transactions. Embedded finance for SMEs in the same context is the revolution for SMEs from tiring sessions of banks. Embedded finance provides financial services to SMEs at the right period by reducing friction and opening the new possibility for…
The relationship between academia and industry is a well-known concept. However, improvement is necessary to move from the traditional exchange of funding for research to the creation of long-term strategic partnerships incubators and innovation activities in the academic organization. The purpose of this study is to explore and design an innovative and sustainable framework to improve the industry-academia link by…
The SME banking and finance landscape today is highly digitized. Online banking services and mobile applications have been used by almost half of SMEs, and visits to ATMs and branches have decreased by 38%. This trend does set to continue as more customers prefer card payments and mobile banking. What can SMEs expect from these changes? Here are some key…
Companies prioritize employee retention since replacing employees, especially effective ones, takes time and money. Having brilliant workers leave your firm might pressure current employees who must take on more work until those jobs can be filled. Given this, it is critical to prioritize the retention of your top staff. Keeping your best employees these days is difficult. The workplace is…