Fully understand exactly how fintechs are targeting businesses with this report.
| The Small Business Fintech Report | | How fintechs are targeting small- and medium-sized businesses and pushing incumbents to fight back… Fintechs have found a way to serve small- and medium-sized businesses (SMBs) while still making a profit, and now incumbents want in on the action.
SMBs have been historically underserved by financial services providers, but that's starting to change as both fintechs and incumbents continue to roll out SMB-targeted services.
In a new report, BI Intelligence looks at the areas in which incumbents have failed SMBs when it comes to financial services provision—including credit, digital business services, and bank accounts—and give examples of where fintechs have successfully filled the gaps. It will also provide examples of incumbents that have introduced new SMB products in response, and our verdict on which type of supplier—fintech or incumbent—will dominate each area of the market for SMB-focused financial services products.
| | - SMBs globally have been underserved by financial services providers because they make less revenue than large corporates, yet demand more advanced services than most consumers. As a result, they've developed a reputation among legacy financial institutions for being unprofitable to serve.
- Fintechs are now finding ways to serve even the smallest businesses, while still realistically expecting to turn a profit—and that's changing the game in the SMB space.
- Fintechs are filling the gap in service provision to SMBs in three main areas: provision of credit, access to critical business services, and provision of bank accounts.
- Incumbent providers are fighting back with products of their own by partnering with fintechs or building in-house services. JPMorgan, Barclays, NatWest, and BBVA are just a few major banks leveraging new technology to better serve SMBs.
- Some areas of the SMB market will continue to be dominated by incumbents, while fintechs will succeed in winning over these customers on other fronts.
This exclusive report also: - Examines the flaws in the mortgage status quo that are upsetting consumers and dampening returns for lenders
- Discusses why incumbent lenders can't afford to delay innovating any longer around this product
- Outlines different ways mortgage fintechs are breathing new life into this product, including by helping incumbents
- Looks at some mortgage efforts already underway by incumbent lenders, and some considerations that should guide their projects
- Gives an overview of hurdles still standing in the way of large-scale change in the mortgage space, and how they can be overcome
- And much more.
| | To get your copy of this invaluable guide to the fintech industry |
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| | | | Choose one of these options: - Bundle and save 94% today when you purchase the Ultimate Fintech & Payments Reports Bundle. You will gain immediate access to this report and 64 others on some of the most important topics impacting the fintech space. BUY THE BUNDLE AND SAVE 94%
- Purchase the report and download it immediately from our research store.
The choice is yours. But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding of fintech. | | | Copyright © 2017 Business Insider, Inc. All rights reserved. | | |
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