In today’s fast-changing environment, technology has disrupted the banking business and its product offerings. Small Businesses are also experiencing advancements and regulatory changes led by technology. Businesses also need something more than banking to cope up with this fast-changing environment. So, here comes the concept of connected banking. Firstly, let us know what does connected...Read More

SMEs in UAE use ERP/business tools to manage their day-to-day transactions, which serves the purpose of accounting and recording. SME businesses usually work in silos as they handle multiple ERPs, accounts, users, and payment gateways. SMEs in the UAE encounter the major challenges in their daily transactions: Juggle between different software to record and reconcile...Read More

Did you know that Indian fintech market is one of the fastest growing fintech markets in the world? Out of more than 2000 fintechs in India, 67% was established in the last 5 years. As the adoption rate of fintechs in India is the highest among all the global players, it is expected that the...Read More

Fintech or finance technology companies have ushered a remarkable growth in the finance sector contributing to significant empowerment of SME businesses. It is difficult to manually capture the financial picture of a business accurately. The important aspects of a business like recording financial data, tracking transactions, handling multiple ERPs and accounts, payments, collections, managing invoices,...Read More

Fintech and Bank partnerships can improve Small and medium businesses constitute more than ninety percent of the registered businesses in UAE, despite being the largest contributor to the country’s growth and employment, access to finance remains the key challenge for them. SMEs face many kinds of challenges to meet their financial gap, as they’re not...Read More

SMEs being the major contributor to an economy’s GDP, employment, and growth, especially in developing nations. Despite being major contributors, SMEs face many challenges in their day-to-day banking, accounting, and operations. To solve the pain point of SMEs, banks and fintech have joined hands to build tailored-made financial services for SMEs. Where in partnership they...Read More

Irrespective of the industry it operates, maintaining profitability and managing working capital efficiently are important for every SME business to survive and gain competitive advantage. SMEs face multiple challenges while managing their working capital. Managing financial detail, tracking financial transactions and reports, managing receivables and payables, managing invoices, payments, and collections manually are just tedious...Read More

Working capital in small business is the major contributor to its GDP and employment generation and especially in developing economies. They are the biggest contributor to the growth of an economy. To manage a business efficiently and effectively a business needs to monitor its working capital closely because it acts as a key driver for...Read More

Are you an SME business owner trying to plan your business working capital effectively? Perhaps you have realized that gaining revenues and acquiring more clients are just not enough to get sufficient working capital. It is important to plan working capital efficiently to manage operational expenses and to meet long-term funding requirements. Significance of Working...Read More

Working capital loan is a short term debt financing available to a business, through which a business can meet their day to day operations such as rent payments, payroll and inventory purchases. It can be either secured or unsecured. Working capital loan can be in the form of letter of credit, bank overdraft, invoice discounting...Read More