Small and medium-sized enterprises (SMEs) are the backbone of the global economy, constituting over 90% of businesses and providing more than half of global employment. Yet, for many SME owners, banking remains a challenge. Why do so many SMEs still struggle to find banking solutions that truly meet their needs? How can modern technology, such as embedded finance, Super Apps for business, and digital onboarding for SMEs, help to address this?
The digital revolution has transformed what SMEs expect from their banks. Visa reports that 68% of European SMEs use digital banking channels, with 17% having fully integrated digital technologies into their operations. However, many banks still fail to meet the needs of SMEs, particularly outside Europe.
Small and medium-sized enterprises now seek flexibility, speed, and integration with their processes. The best SME banking solutions offer:
| SME Needs | Traditional Bank Offerings | Modern SME Banking Solutions |
|---|---|---|
| Fast digital onboarding | Paper forms, branch visits | Online, minutes to activate |
| Real-time cash flow monitoring | Delayed statements | Live dashboards, instant alerts |
| Multi-user, role-based access | Single-user, basic permissions | Team management, clear controls |
| Embedded finance and integrations | Siloed products, manual processes | API-driven, platform connections |
| Green financing and sustainability | Limited or generic products | Custom tools, carbon tracking |
The Super App for business is gaining traction among banks and fintechs. Unlike traditional banking apps, a Super App for business consolidates personal and business banking, investments, insurance, loyalty programmes, and more into a single platform.
A Super App for Business Offers
Super Apps save time and foster customer loyalty. As banks and fintechs compete to create digital ecosystems, the Super App for business is becoming a key competitive advantage.
Digital onboarding for SMEs is now essential. By automating identity checks, compliance, and document uploads, banks can onboard new SME clients in minutes. This is particularly critical in regions with stringent regulations or where SMEs operate across borders.
Why Digital Onboarding for SMEs Matters
A recent client shared, “With digital onboarding, our business account was live in under 10 minutes. The process was straightforward, allowing us to focus on running our business instead of paperwork.”
Let's start the conversation and develop a solution for your bank that allows you to grow and scale your customer experience.
At Our platforms are flexible, secure, and easy to integrate, whether you are launching a Super App for business, embedding finance into your ecosystem, or streamlining digital onboarding for SMEs.
We know that every SME is unique. Our solutions adapt to your business, your region, and your growth plans. From instant payments in Europe to Sharia-compliant products in the MENA region, we deliver SME banking solutions that match the diversity of the businesses we serve.
Ready to transform your SME banking experience? Let us help you build the future of business finance.
Small business banking solutions offer tailored tools like digital financial services for SMEs. They enable faster account setup, real-time financial monitoring, and smooth integration with business platforms. These solutions help SMEs by offering flexibility and efficiency. They assist owners in managing cash flow and growing their businesses without the constraints of traditional banking.
Digital onboarding platforms for SMEs automate identity checks, compliance, and document submissions. This allows businesses to open accounts in minutes without visiting a branch. The speed and simplicity, along with secure KYC and AML processes, improve user experience and lower drop-off rates.
Integrated financial services for small businesses offer banking, lending, and payment solutions. These services are built into platforms like e-commerce or ERP systems. This allows for instant credit access, smoother payments, and personalised tools like insurance, boosting efficiency and customer loyalty.
All-in-one banking apps, known as Super Apps, bring together personal and business banking, payroll, and expense tracking on a single platform. With modular dashboards and integrations with tools like QuickBooks, they simplify workflows, save time, and improve security with biometric authentication.
SME cash flow management tools offer real-time dashboards and instant alerts. They help businesses avoid cash shortfalls and make informed decisions. By integrating with accounting platforms, these tools reduce errors and support sustainable financial planning, including green financing options.
API-driven financial ecosystems for SMEs let banks connect financial services with third-party platforms. This offers seamless payments, lending, and analytics. Such connectivity supports personalised, Sharia-compliant, or region-specific solutions, meeting diverse SME needs and driving innovation.
Viacheslav Kostin is the CEO of WislaCode. Former C-level banker with 20+ years in fintech, digital strategy and IT. He led transformation at major banks across Europe and Asia, building super apps, launching online lending, and scaling mobile platforms to millions of users.
Executive MBA from IMD Business School (Switzerland). Now helps banks and lenders go fully digital - faster, safer, smarter.
