Deborah Bianucci, President and CEO of BAI presented four worldwide innovation trends in her talk “Small Business Banking Innovation from Around the Globe” at the American Banker Small Business Banking Conference. Model implementations of these trends were discussed and include:
1. Improving and Speeding Up Access to Financing (DenizBank.com, Nusenda.org)
2. Streamline Payments (ideaBank.pl)
3. Use Analytics with Advice (SizeUp.com)
4. Uniquely Serve a Niche (Wesbank.co.za and Uber.com, intesaSanpaolo.com, TEB.com.tr)
According to the American Banker Small Business Banking Conference, “…because innovation for the small business segment is so important to competitive differentiation, there is an increased emphasis on innovating for small business. Some of the most progressive innovation is happening outside the U.S. by banks that are taking different approaches to serving small businesses.”
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