Trends Report

German Banks Need To Improve Digital Services For SMEs

March 2nd, 2020

Summary

Small and medium 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 service Penta offers German SMEs a business bank account and a range of digital services through its app. Fintechs Billie and Finiata provide fast and flexible credit and invoice financing solutions to German SMEs. Digital ecosystems have changed the landscape for small business services.

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