John Davies, CEO of The Just Loans Group, an alternative lender to UK businesses, argues that rather than being disruptive, fintech is enabling a return to how business banking used to be: a business would have a dedicated account manager who was genuinely interested in a customer’s business and had the time to give it guidance.
Clever use of technology means more time and energy can be spent on understanding customers’ plans and needs – something that has been forgotten over the years.
The clear demonstration of support and encouragement for the fintech sector from Bank of England Governor, Mark Carney, in his recent annual Mansion House speech, will encourage investment and, I passionately believe, better service, facilities and access to finance for UK SMEs.
For more on this story visit the following link: Fintech taking business banking back to the good old days
Source: Banking Technology