Go to services for SME business needs.
Summary description
Digital financial services for small business
Rapid delivery of core needs: current account opening; card; support on invoicing and accounting
API platform to deliver further range of third party capabilities
Back up and query handling conducted with high service focus and latest technology
Opportunity investment thesis
Technology enables small business to access distant markets and range of services
Large banks continue to find small business banking complicated and marginally profitable – intermediation costs and capital weightings force focus on other segments
Substantial advantage for digital player with low marginal costs to provide agile responsive service
API platform enables assembly of relevant menu of services for small business customer
Increasing trend to de-couple bank balance sheet with capital requirements and constraints from digital service delivery