“As the financial services industry continues to evolve, institutions that embrace AI and prioritize the needs of small businesses will be well-positioned to lead the market and achieve sustained success. Leveraging generative AI to support small businesses is a strategic motion for banks looking to differentiate in a competitive market. By offering tailored AI solutions,…
Tag: SMB
How Midsize Companies Can Compete in AI
“In a representative sample of more than 6,000 firms across sectors, we found that only about 10 to 15% of midsize firms have adopted AI in their business so far. If midsize companies want to thrive in the AI era, they need to look for new ways to compete — including options that they may…
With open banking on the horizon, the fintech-SME love story is just beginning
“The fintech sector has been hugely successful (and hugely profitable) for much of the last decade, and even more so during the pandemic. But it might come as a surprise to learn that many in the industry believe that the story is just beginning and the sector is poised to achieve much more, with fintech’s…
Orange Bank Buys Neobank Anytime To Serve SMBs, Professionals
“Orange Bank has purchased the neobank Anytime, which focuses on small companies, independent professionals and associations, through a deal whose terms were not made known, according to a Wednesday (Jan. 6) announcement.” https://www.google.com/amp/s/www.pymnts.com/news/b2b-payments/2021/orange-bank-buys-neobank-anytime-to-serve-smbs/amp/
6 AI Tools Entrepreneurs Can Use on a Budget
“According to a 2019 survey by Gartner, AI usage grew 270% over the last 4 years tripled in the last year alone. As reported in the Harvard Business Review, companies using AI for sales increased their leads by more than 50%, reduced call time by over 60% and realized cost reductions between 40 to 60%.”…