“The cloud allows for no limits,” said Kuramoto to PYMNTS, in terms of generating reports and sharing them between vendors and customers and across back end functions – saving money, but also, of equal or even greater value, time.
Small business optimism is hitting new peaks, and while SMBs say they’re planning for growth, they’re not necessarily willing to spend money to access capital — nor do they have the adequate cash flow to do so. So, how can financial institutions jumpstart small businesses with innovative services beyond loans and still make money in the process?
Over the course of the last year I’ve had several experiences with my financial institution that caused serious frustration. It wasn’t based on their digital offerings, their marketing efforts (or lack thereof) or their presence in the industry. The reason was ironically simple – cash.