Reinventing small and medium-size business banking in the US
US bank lending to SMBs has been flat in recent years, while alternative lenders have seen robust growth. If #banks do not move quickly to engage with SMBs digitally, they risk losing even more share of the market to fintechs. Banks possess a wealth of strategic advantages in the battle for SMB business, but they must actively leverage these in order to stay competitive.
McKinsey Insights & Publications
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