SME banking | HCLTech

SME banking

The Small and Medium Enterprise (SME) customer segment is quite important for any major economy in the world as it offers vast potential for economic growth and stability by employing two-third of the EU workforce. SME businesses represent roughly 12 percent of any bank’s revenue and are expected to grow at 5 percent YoY over the next seven years in the European Union. Change is imminent as SME banking is gaining the podium place among other customer segments. These new business models are mainly steered using three dimensions - changing consumer behavior, digitization and data-driven approach and regulatory changes. Read the HCLTech' point of view to get full details.

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