Fintech Files: Insights on TECH by BCG Platinion cover image

Neobanking: The Digital Revolution for SMEs from the Step Conference in Dubai 2024

Fintech Files: Insights on TECH by BCG Platinion

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Impact of Neobanking on Small and Medium Businesses

This chapter explores the influence of neobanking on small and medium enterprises worldwide, with a focus on the emergence of an Islamic Neobank in Indonesia. It discusses how neobanks streamline banking processes, cater to the needs of SMEs through speed and flexibility, and address challenges faced by SMEs in accessing financial services. The chapter also highlights the role of neobanks as integration platforms for new businesses and discusses regulatory complexities in regions like Indonesia.

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