SME Banking Insights

The COVID-19 pandemic has caused a liquidity crisis for many businesses. Small and mid-sized enterprises (SMEs) in particular need timely access to information about their cash positions, and the ability to manage urgent cash and trade transactions as and when required.

Both have been hampered by the fact that banks have curtailed the services provided by their branches or have even shut them.

The SME Banking Insights app is an innovative solution to the problem.

A fully cloud-based app, SME Banking Insights gives SMEs remote access to real-time information on their cash positions, presented in the form of convenient dashboards. These summarize the business’s cash positions, account statements, currency-wise balances and liquidity trends. The app enables users to manage their cash effectively and promptly, monitor payments, deposits and trade finance transactions, manage approvals, raise service-desk tickets, and receive alerts about critical business events like limit utilization and upcoming maturing deposits.

The easy-to-use self-service solution is built on Finastra’s industry-leading FusionFabric.cloud platform. It puts the power back into the hands of the business, reducing the demands on its back-office operations and allowing it to focus its attention on servicing its customers.