Tag: SME finance

BNY Mellon’s Dominic Broom discusses how technology can be used to plug the Asian trade finance gap in Asia Outlook

Increased banking regulations and higher compliance costs have led to a culture of de-risking, where many banks have been forced to withdraw from perceived “riskier” markets – with local businesses in developing Asia being particularly affected. Indeed, Asia and the Pacific bears 40% of the US$1.5 trillion global trade finance gap, representing the difficulty that …

Continue reading

Satago describes how on-demand business finance is supporting SMEs in Global Banking & Finance Review

The increasing convenience of modern living is driving expectations for 24-hour, instant access across many aspects of their personal and business lives. Yet, the financial services industry has had difficulties keeping up with demand from companies, including SMEs, which are looking for more efficient solutions. Writing for Global Banking & Finance Review, Satago’s CEO, Steven …

Continue reading

In FX-MM, Satago explains how new technology capabilities are putting SMEs in control of their financing

The advent of the digital age is increasing the expectations of consumers and businesses alike for instant, round-the-clock payment solutions. While the financial market has been somewhat slow on the uptake, fintech developments – primarily driven by nimble alternative financiers – are becoming increasingly prevalent. In an article for FX-MM, Satago’s CEO Steven Renwick explains …

Continue reading

Satago’s Steven Renwick writes an article for GTNews on how tech innovation is facilitating easy-access business finance

Technological advancements are creating new opportunities in the field of SME finance, and alternative financiers are leveraging these digital capabilities to offer pioneering solutions to small businesses. Writing for GTNews, Satago’s CEO, Steven Renwick, discusses the customer-first culture of fintechs, and how this is enabling them to produce exemplary and accessible finance technology. Renwick notes …

Continue reading

Satago’s Steven Renwick talks “on-demand business finance” in Tech City News

The financial services industry, long overdue a radical transformation, has been slow to embrace disruptive innovation. But a new breed of fintechs has emerged that is transforming the SME funding landscape. In Tech City News, Steven Renwick, CEO of Satago, explains how, by leveraging cloud technology, real-time data and analytics tools, these new fintechs are …

Continue reading

Satago cited in Real Business article as an alternative to venture capital funding

With reports that venture capital funding for European technology start-ups fell by a third in Q3 2016, and that crowdfunding in the UK has decreased by approximately 20%, what are the alternatives for businesses seeking funding? In a Real Business article entitled “Venture capital funding in a cold climate”, invoice finance is highlighted as a …

Continue reading

Satago’s Steven Renwick considers the advantages of invoice finance over lump sums for SMEs in Business Advice

Often for SMEs, receiving a lump sum or an equity investment can generate dilemmas resulting in overtrading or unwanted external influences. In Business Advice, Steven Renwick, CEO of Satago, considers an attractive alternative – selective invoice finance. Such a facility enables businesses to borrow funds as and when needed – on demand. Renwick writes that “Instead …

Continue reading

Satago considers how invoice finance can help SMEs seeking investment in AccountingWEB

    For most businesses – especially SMEs – capital needs are often satisfied by a lump-sum debt injection or an equity investment. Both can result in funding way beyond what most SMEs need at any given moment, resulting in unnecessary challenges and complications.   Writing for AccountingWEB, Satago’s Steven Renwick and Julie Warren consider …

Continue reading

Satago’s Steven Renwick addresses how SMEs can overcome the overdraft’s decline in Lending Times

Many high street banks are scaling back their overdraft offerings, particularly for the UK’s small-and medium-sized enterprises (SMEs). This is having a devastating impact on this sector, restricting working capital for hundreds of thousands of businesses that have relied on overdrafts to provide short term cash flow support. Writing for Lending Times, Steven Renwick, CEO, …

Continue reading

Falcon Group’s annual Dubai Forum featured in July’s edition of Trade Finance

Are specialist financiers moving into the mainstream? Falcon Group CEO Will Nagle explores the topic in the latest issue of Trade Finance – featuring discussions from the company’s seventh annual Trade & Corporate Finance Forum held in Dubai. Entitled ‘Specialist Lending for Challenging Times’ this year’s Forum explored the current economic climate as well as highlighting …

Continue reading