Small Medium Enterprises (SME) Banking – Thematic Intelligence
All the vital news, analysis, and commentary curated by our industry experts.
SME Banking Theme Analysis Report Overview
Many new digital banks capitalized on the pandemic to dramatically increase small- and medium-sized enterprise (SME) lending and account penetration. SMEs typically have complex, variable, and evolving needs, which are difficult to meet by a single provider all the time. Additionally, e-commerce platforms and accounting software providers offer extensive SME support to enable open ecosystems.
The SME Banking thematic intelligence report provides a briefing on the theme with a detailed analysis of market opportunity, and factors driving its development and adoption. The report also presents key technology, macroeconomic, and regulatory trends impacting the theme.
SME Banking - Key Trends
The main trends shaping the SME banking theme over the next 12 to 24 months are classified into three categories: technology trends, macroeconomic trends, and regulatory trends.
- Technology trends: The key technology trends impacting the theme are lending automation, increased volume and variety of data types, machine learning algorithms, real-time data enabling lending innovation, dashboard views and helpful cashflow features, business support functions, control of ecosystem, embedded finance, ongoing fraud and cyber risk, and big tech lenders.
- Macroeconomic trends: The key macroeconomic trends explained in the report are the impact of the pandemic on SMEs, an increase in the number of SMEs due to the pandemic, global unbanked as an SME opportunity, and SME wellbeing.
- Regulatory trends: Regulatory inducements, payments firms and lending firms, data privacy, transparent lending decisions, open banking, buy now pay later (BNPL), and International Financial Reporting Standards (IFRS) are a part of the regulatory trends impacting the SME banking industry.
For more insights on key trends impacting the SME banking industry, download a free report sample
SME Banking - Industry Analysis
Most small business owners who stated they were self-employed or started their own businesses in the last two years use their personal accounts as their primary business accounts. Undoubtedly, this is partly because incumbent banks have not historically built out enough dedicated features to warrant opening separate accounts, and for many SME owners their personal and business lives are closely interrelated. However, digital banks are slowly gaining market share as they are either primarily focused on SMEs or significantly focused on SMEs, from launch and/or soon after.
The SME banking industry analysis also covers:
- Mergers and acquisitions
SME Banking - Value Chain Analysis
The SME banking value chain consists of four segments: idea, launch, grow, and ongoing management.
Idea: The idea phase covers the early stages of thinking about starting a business, and what that business might be. Reaching consumers at this early stage presents the maximum opportunity to form a long and lasting relationship with that business, by offering them tips, advice, and guidance on how to avoid common pitfalls for startups and think through what starting a business will entail.
SME Banking Value Chain Analysis
For more insights into the SME banking value chain, download a free report sample
Leading SME Digital Banks
Some of the leading digital banks associated with the SME banking theme:
Leading Incumbent Banks
Some of the leading incumbent banks associated with the SME banking theme:
To know more about the leading digital banks and incumbent banks, download a free report sample
Retail Banking Sector Scorecard
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has two screens: a thematic screen and a valuation screen.
- The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
- The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
Retail Banking Sector Scorecard – Thematic Screen
To know more about the sector scorecards, download a free report sample
SME Banking Market Overview
|Key Trends||Technology Trends, Macroeconomic Trends, and Regulatory Trends|
|Value Chains||Idea, Launch, Grow, and Ongoing Management|
|Leading SME Digital Banks||11Onze, Allica, and Aspire|
|Leading Incumbent Banks||Barclays, BBVA, and DBS|
Reasons to Buy
- Understand key technology, macroeconomic, and regulatory trends impacting SME banking.
- Identity priority application areas for SMEs in the banking space, as well as the vendors and banks delivering these experiences to end users.
- Access case study insight on the leading players within the SME banking theme.
Table of Contents
• Technology trends
• Macroeconomic trends
• Regulatory trends
• Mergers and acquisitions
• Ongoing management
• SME digital banks
• Incumbent banks
• Retail banking sector scorecard
Our Thematic Research Methodology
Frequently asked questions
What are the key technology trends shaping the SME banking industry?
The key technology trends impacting the SME banking theme are lending automation, increased volume and variety of data types, machine learning algorithms, real-time data enabling lending innovation, dashboard views and helpful cashflow features, business support functions, control of ecosystem, embedded finance, ongoing fraud and cyber risk, and big tech lenders.
What are the key macroeconomic trends shaping the SME banking industry?
The key macroeconomic trends impacting the SME banking theme are the impact of the pandemic on SMEs, an increase in the number of SMEs due to the pandemic, global unbanked as an SME opportunity, and SME wellbeing.
What are the key regulatory trends shaping the SME banking industry?
Regulatory inducements, payments firms and lending firms, data privacy, transparent lending decisions, open banking, buy now pay later (BNPL), and International Financial Reporting Standards (IFRS) are a part of the regulatory trends impacting the SME banking industry.
What are the components of the SME banking value chain?
The SME banking value chain consists of four segments which are idea, launch, grow, and ongoing management.
Which are the leading SME digital banks associated with the SME banking theme?
Some of the leading SME digital banks associated with the SME banking theme are 11Onze, Allica, and Aspire.
Which are the leading incumbent banks associated with the SME banking theme?
Some of the leading incumbent banks associated with the SME banking theme are Barclays, BBVA, and DBS.
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Business Intelligence & Marketing Manager, SAL Heavy Lift
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
Market Analyst & Management, Liebherr-Werk
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Head of Key Accounts, Saab AB
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Marketing Intelligence Manager, Portugal Foods
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Head of Customer Insight and Research, Standard Chartered
Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.
I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.
I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.
Head of Consumer Sensory Insights, Givaudan
“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.
Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”
Senior Account Manager, TSYS
GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.
I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.
One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.