Trends Report

French Banks Need To Improve Digital Services For SMEs

January 24th, 2020

Summary

Small and medium-size enterprises (SMEs) remain underserved by traditional financial services providers and offer a huge growth opportunity for firms prepared to invest in this area. Many SME owners could benefit from insights and tools to help them manage and grow their business — and banks can deliver them. Digital banking services Shine and Qonto offer French SMEs and freelancers a business bank account and a range of digital services through their app. Financial services platform iBanFirst provides international payment solutions to SMEs in France, Germany, and Benelux. Digital ecosystems have changed the landscape for small business services.

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