Empowering Small and Mid-sized Business Growth by Unleashing Their Data
Small businesses are reliant on loans for growth. Making that process easier and freeing up access to capital is one way open banking and its data can help.
Small businesses are reliant on loans for growth. Making that process easier and freeing up access to capital is one way open banking and its data can help.
Mastercard’s new market research report, The Rise of Open Banking: SME, measures the early demand and drivers of adoption for the promise of better-connected financial services and more control of financial data in North America by small and mid-sized businesses. The survey of more than 750 U.S. and Canadian small business owners provides insight into how they currently view and use open banking solutions.
Download the Rise of Open Banking: SME Report
In this report, you’ll learn more about:
- How open banking puts small businesses in control
- The opportunities and challenges of today’s environment
- How business owners are already embracing open banking
- Key pain points for small businesses like access to capital
- How small businesses can simplify their payment processes
