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Banking Circle launches white paper on financial inclusion for businesses

Monday 3 June 2019 00:06 CET | News

UK-based financial utility Banking Circle has commissioned a research to be launched at Money 20/20, on what causes financial exclusion for SMEs and how to change this.

MagnaCarta Communications carried out the independent research to deliver the an insight into what is causing financial exclusion for SMEs – and the opportunities that exist for the financial services sector to improve financial inclusion. Featuring insight from lenders, banks, payment service providers and SMEs throughout Europe, the aim is for the report to inspire the industry to come together and help close the loop.

The report, Financial Inclusion for Europe’s SMEs: Building a Circle of Trust, reveals findings including: One size can’t fit all; inaccessible services create self-reinforcing vicious circles; and digital innovation and regional regulation are encouraging greater collaboration between providers. The report also throws a spotlight on the unique position SMEs find themselves in, where they are not well served by corporate or retail banking offerings, perpetuating the sense that they are not valued nor valuable customers


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Keywords: Banking Circle, MagnaCarta Communications, payments, white paper, research, independent research, financial inclusion, financial exclusion, access to funds, funding, SMEs, small and medium sized enterprises, B2B payments
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Countries: World