It's one of a number of issues. The challenge is that penalties to non compliance are so high that from a risk reward perspective, banking SMEs becomes a headache
Great read. So many insights explored. I'm glad you were able to touch the loopholes as well. Do you think the SME banking issue is largely affected by poor KYC/KYB? Could that be the major issue?
It's one of a number of issues. The challenge is that penalties to non compliance are so high that from a risk reward perspective, banking SMEs becomes a headache
Lovely article. You should check out Lesaka, who are trying to provide the full suite of products you mention in the SADC region + Kenya
Great read. So many insights explored. I'm glad you were able to touch the loopholes as well. Do you think the SME banking issue is largely affected by poor KYC/KYB? Could that be the major issue?