With major banks becoming increasingly centralised and reducing customer-facing personnel, and new challenger banks relying on automated algorithms, is business banking in need of a fix? Alba is aiming to fill a much-needed gap by combining dedicated relationship managers with a FinTech IT infrastructure.
When it comes to financing, manufacturers (particularly SMEs) have four criteria: simplicity, long-term patient capital, a sound knowledge of the industry and a personal relationship. That doesn’t sound like too much to ask, yet mainstream banking routinely comes in for criticism for failing to provide. Weaknesses in the current system make it ripe for disruption…
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