Fintech Insider Podcast by 11:FS cover image

962. Insights: The UK’s fastest-growing fintech: in conversation with Richard Davies, CEO of Allica Bank

Fintech Insider Podcast by 11:FS

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Challenges in SME Finance and Future Growth

This chapter explores the declining access to credit in the UK SME finance market and the shift towards risk aversion among lenders and borrowers. It discusses the necessary interventions to bridge a £65 billion credit gap and the complexities of developing financial products for small businesses. Additionally, the chapter emphasizes the importance of customer feedback, the balance of authority and autonomy in decision-making, and the strategic hiring that contributes to the successful scaling of fintech companies.

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