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.




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