COVID and Digital Innovation in the Banking Industry

  • 82% of small business failures are due to poor cashflow management
  • 61% of small business owners regularly struggle with cashflow
  • 69% of owners are kept up at night by concerns about cashflow
  • 43% of small businesses have been at risk of missing a payday
  • 96% would value a one-stop shop for viewing all of their business activities
  • 88% are interested in predictive cashflow features if offered by their bank
  • 88% would be interested in seeing insights about their business based on data including aging receivables, loan balance updates, etc.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How HubBox is delivering the ‘last mile revolution’ to retailers and consumers

Dape NFTs: Not Only NFTs, But Also the Future of Fashion

Kevin Okyere: The Success Story of the Billionaire Who Once Sold Iced Water

5 Points to Consider in Hiring a Digital Agency

More landlords offering monthly sales based rental agreements to retailers!

The best Amazon Prime Day 2021 deals happening right now

Elevated Living acquires Vibe Up Living properties through a merger.

Anjee Solanki Of Colliers On The Supply Chain and The Future Of Retail

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Team Monit

Team Monit

More from Medium

Crisis Plan for Cash Management.

On the cost of living crisis: let’s empower young people with understanding and choice.

John Gavin, Laguna Beach on Top Podcasts for Small Businesses

When you have leadership with Your Marketing abilities, it becomes duplicatable!