What do SMEs need from their banking providers post-pandemic?
The shift in the SME funding landscape in Asia Pacific
A recent small- and medium-sized enterprises (SMEs) study, which collected 4,700 responses from businesses in the APAC region, has unveiled some must-know statistics for banks:
- 40% of SMEs intend to borrow money in 2022
- As many as 44% of them would consider alternative funding sources
- Less than 35% of them are highly satisfied with their banks
This FICO white paper analyzes these statistics, providing in-depth detail around the impact of COVID-19, problems with funding access, what SMEs want from their funding providers, and the regional and country breakdown of the survey responses.
Download your free White Paper
Take the next step
Connect with FICO for answers to all your product and solution questions. Interested in becoming a business partner? Contact us to learn more. We look forward to hearing from you.