Strands Selected by Deloitte’s study on digital banking for SMEs

by | Oct 8, 2021

One of the leading global providers of accounting and consulting, Deloitte, has been exploring in its latest report ‘Digital Banking for SMEs‘ how digital banking platform providers are closing the gap between the expectations and capabilities of banking services for small and medium-sized enterprises (SMEs).

SMEs are at the backbone of trade, representing more than 99% of the total enterprises in Europe and employing around two thirds of the workforce. However, many face struggles with managing their finances. Therefore, to investigate the best technologies making financial services available, Deloitte conducted a survey where 63 potential front end solutions were examined. After their conclusive research, Strands was selected as one of the top 10 banking software providers to take part in the questionnaire.

The scope of this survey was to assess digital banking platform providers for SMEs. The main focus was to understand the maturity of digital banking services, the coverage of the value chain, and the positioning of the different solutions within the market. Using innovative technology such as Strands’ Business Financial Solutions, SMEs are fulfilling their needs and improving their financial health.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax, and related services. With more than 175 years of experience, the organization has grown in scale and diversity with approximately 334,800 people in 150 countries and territories.

Download the full report here.

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