Tag: SME

ICC United Kingdom’s press release on how international regulation is affecting SMEs is covered by the specialist press

Regulatory requirements are having unintended repercussions on SME business growth, indicates the latest ICC Global Trade Survey. Some 87% of banks respondent to the survey reported that complying with counter-terrorism and international sanctions regulations is a “major challenge” with respect to their ability to offer trade finance. Well-meaning regulations are inhibiting access to trade finance …

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The revolution will be digitalised: Commerzbank’s Edith Weymayr gives a video interview to World Finance magazine

Edith Weymayr, Divisional Board Member, Mittelstandsbank South at Commerzbank, was in the studio at the London Stock Exchange to film an interview with World Finance magazine. In “Spearheading the digital revolution in banking” Weymayr outlined the bank’s strategy for embracing the digital era of finance and better supporting SMEs.

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 …

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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 …

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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 …

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How to become your own bank manager: Satago discusses pioneering SME finance developments in SmallBusiness.co.uk

The SME finance landscape is being transformed, with alternative financiers leveraging cloud technology, real-time data and analytics tools to provide businesses with smart, efficient and cost effective finance and debtor management solutions. In SmallBusiness.co.uk, Steven Renwick, CEO of fintech company Satago, discusses how we have reached the point where technology is enabling such levels of …

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ICC’s Daniel Schmand discusses the impact of post-crisis regulation on African SMEs in Global Banking and Finance Review

In a recent article for Global Banking & Finance Review, Daniel Schmand, Chair of the International Chamber of Commerce (ICC) Banking Commission, provides an insight into how the global financial crisis has negatively impacted small and emerging market companies, particularly those in less secure regions such as Africa. He explains that post-crisis regulation, and the …

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iGTB’s Landmark SME Survey Featured in Specialist Press

iGTB authored a report examining the banking requirements of small- and medium-sized business, and whether they are being met by the banking community. The research with 162 SMEs found that despite being the backbone of the U.K economy, small and medium enterprises are “ignored” and “neglected” which has resulted in misconceptions forming in the market …

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iGTB’s Phil Cantor and Mike Rayfield Discuss SME Neglect by Banking Community With PYMNTS

Following iGTB’s report, which highlighted that SMEs have long been neglected and misunderstood by the banking community, Phil Cantor, Head of Digital Council, and Mike Rayfield, SVP and Senior Consultant of Channels, spoke with PYMNTS about the results of their research. Although described as the ‘Cinderellas’ of the U.K. economy, SMEs remain inadequately serviced by banks despite their …

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Landmark iGTB survey shows SMEs are crying out for better banking

iGTB today released a survey that examines under a fine microscope the banking requirements of small- and medium-sized business, and whether they are being met by banking providers. SMEs represent 99% of UK businesses and are critical for real economic growth, Yet SMEs continue to be underserved by banks. They are often “ignored” and “neglected”, due in …

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