{"id":75944,"date":"2025-06-30T16:34:47","date_gmt":"2025-06-30T16:34:47","guid":{"rendered":"https:\/\/smebanking.news\/?post_type=product&p=18534"},"modified":"2025-06-30T16:34:47","modified_gmt":"2025-06-30T16:34:47","slug":"18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2","status":"publish","type":"product","link":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/","title":{"rendered":"How banks can leverage digital innovation to compete in the fast-changing SMB market"},"content":{"rendered":"

In the context of the current global COVID-19 pandemic, most, if not all, small and medium-sized businesses (SMBs) have been impacted by the crisis and new market realities. From consumer habits turning to digital, to tighter management of cashflows and supply chains, SMBs are experiencing a drastic shift in the way they must manage their business, with the emergence of both new needs and needs that are now more urgent than prior to the crisis.<\/p>\n

In this context, banks can be partners to SMBs and help them survive and thrive through the storm to stay relevant. Many banks may need to reinvent themselves \u2013 through digital transformation \u2013 to capture this opportunity.<\/p>\n

The drive to digital is not new but does need to be accelerated. We believe it is critical for financial institutions to take advantage of digital to foster engagement with clients, focus on efficiency, and drive their innovation agenda. It\u2019s more important than ever that SMBs\u2019 customers are engaged and supported through their journeys remotely and digitally.<\/p>\n

Financial institutions (FIs) can help SMBs by building and enhancing experiences to help them manage their funding needs, manage cashflow and budgets, and leverage new government relief programs. Moreover, FIs can empower their employees to work and collaborate through workflows remotely and digitally. Here, we look further into the market landscape and how to take advantage of the opportunities that have emerged.<\/p>\n","protected":false},"excerpt":{"rendered":"

Exploring the underserved Small and Medium Business (SMB) market segment and the opportunities that emerged for financial institutions to serve them better.<\/p>\n","protected":false},"featured_media":45463,"template":"","meta":{"pmpro_default_level":"","tdm_status":"","tdm_grid_status":""},"product_brand":[],"product_cat":[2355,2347],"product_tag":[3475,2290],"class_list":["post-75944","product","type-product","status-publish","has-post-thumbnail","product_cat-digital-banking-en","product_cat-study-library","product_tag-2016-2020","product_tag-ey","pmpro-has-access","first","instock","shipping-taxable","product-type-external"],"yoast_head":"\nHow banks can leverage digital innovation to compete in the fast-changing SMB market<\/title>\n<meta name=\"description\" content=\"Exploring the underserved Small Medium Business (SMB) market segment and the opportunities that emerged for financial institutions to better serve them.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How banks can leverage digital innovation to compete in the fast-changing SMB market\" \/>\n<meta property=\"og:description\" content=\"Exploring the underserved Small Medium Business (SMB) market segment and the opportunities that emerged for financial institutions to better serve them.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/\" \/>\n<meta property=\"og:site_name\" content=\"SME Banking Platform\" \/>\n<meta property=\"og:image\" content=\"https:\/\/smebanking.agency\/platform\/wp-content\/uploads\/sites\/7\/2021\/09\/how-banks-can-leverage-digital-innovation.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/\",\"url\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/\",\"name\":\"How banks can leverage digital innovation to compete in the fast-changing SMB market\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/wp-content\\\/uploads\\\/sites\\\/7\\\/2021\\\/09\\\/how-banks-can-leverage-digital-innovation.jpg\",\"datePublished\":\"2025-06-30T16:34:47+00:00\",\"description\":\"Exploring the underserved Small Medium Business (SMB) market segment and the opportunities that emerged for financial institutions to better serve them.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/wp-content\\\/uploads\\\/sites\\\/7\\\/2021\\\/09\\\/how-banks-can-leverage-digital-innovation.jpg\",\"contentUrl\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/wp-content\\\/uploads\\\/sites\\\/7\\\/2021\\\/09\\\/how-banks-can-leverage-digital-innovation.jpg\",\"width\":500,\"height\":675,\"caption\":\"How banks can leverage digital innovation to compete in the fast-changing SMB market\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/report\\\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430\",\"item\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/cental-asia\\\/home-central-asia\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u041a\u0430\u0442\u0430\u043b\u043e\u0433\",\"item\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/cental-asia\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How banks can leverage digital innovation to compete in the fast-changing SMB market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/#website\",\"url\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/\",\"name\":\"SME Banking Platform\",\"description\":\"Knowledge Base Platform\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/smebanking.agency\\\/platform\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How banks can leverage digital innovation to compete in the fast-changing SMB market","description":"Exploring the underserved Small Medium Business (SMB) market segment and the opportunities that emerged for financial institutions to better serve them.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/","og_locale":"en_GB","og_type":"article","og_title":"How banks can leverage digital innovation to compete in the fast-changing SMB market","og_description":"Exploring the underserved Small Medium Business (SMB) market segment and the opportunities that emerged for financial institutions to better serve them.","og_url":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/","og_site_name":"SME Banking Platform","og_image":[{"width":500,"height":675,"url":"https:\/\/smebanking.agency\/platform\/wp-content\/uploads\/sites\/7\/2021\/09\/how-banks-can-leverage-digital-innovation.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/","url":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/","name":"How banks can leverage digital innovation to compete in the fast-changing SMB market","isPartOf":{"@id":"https:\/\/smebanking.agency\/platform\/#website"},"primaryImageOfPage":{"@id":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/#primaryimage"},"image":{"@id":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/#primaryimage"},"thumbnailUrl":"https:\/\/smebanking.agency\/platform\/wp-content\/uploads\/sites\/7\/2021\/09\/how-banks-can-leverage-digital-innovation.jpg","datePublished":"2025-06-30T16:34:47+00:00","description":"Exploring the underserved Small Medium Business (SMB) market segment and the opportunities that emerged for financial institutions to better serve them.","breadcrumb":{"@id":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/#primaryimage","url":"https:\/\/smebanking.agency\/platform\/wp-content\/uploads\/sites\/7\/2021\/09\/how-banks-can-leverage-digital-innovation.jpg","contentUrl":"https:\/\/smebanking.agency\/platform\/wp-content\/uploads\/sites\/7\/2021\/09\/how-banks-can-leverage-digital-innovation.jpg","width":500,"height":675,"caption":"How banks can leverage digital innovation to compete in the fast-changing SMB market"},{"@type":"BreadcrumbList","@id":"https:\/\/smebanking.agency\/platform\/report\/18534-how-banks-can-leverage-digital-innovation-to-compete-in-the-fast-changing-smb-market-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430","item":"https:\/\/smebanking.agency\/platform\/cental-asia\/home-central-asia\/"},{"@type":"ListItem","position":2,"name":"\u041a\u0430\u0442\u0430\u043b\u043e\u0433","item":"https:\/\/smebanking.agency\/platform\/cental-asia\/reports\/"},{"@type":"ListItem","position":3,"name":"How banks can leverage digital innovation to compete in the fast-changing SMB market"}]},{"@type":"WebSite","@id":"https:\/\/smebanking.agency\/platform\/#website","url":"https:\/\/smebanking.agency\/platform\/","name":"SME Banking Platform","description":"Knowledge Base Platform","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/smebanking.agency\/platform\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/smebanking.agency\/platform\/wp-json\/wp\/v2\/product\/75944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smebanking.agency\/platform\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/smebanking.agency\/platform\/wp-json\/wp\/v2\/types\/product"}],"wp:attachment":[{"href":"https:\/\/smebanking.agency\/platform\/wp-json\/wp\/v2\/media?parent=75944"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/smebanking.agency\/platform\/wp-json\/wp\/v2\/product_brand?post=75944"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/smebanking.agency\/platform\/wp-json\/wp\/v2\/product_cat?post=75944"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/smebanking.agency\/platform\/wp-json\/wp\/v2\/product_tag?post=75944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}