Digital Banking
SME banking
John Ennis
A recent report from McKinsey states that when it comes to banking, SMEs often find themselves stranded between large corporations and retail customers in terms of both products available and service delivery. This is a significant risk to banks because SMEs have traditionally received less focus and digital challengers are growing in the market to fill the gap. In the GCC countries in the Middle East, this certainly appears to be the case and one of the major challenges is around funding.