// TECH TRENDS // full-on digital banking – right into their platforms . Imagine a small retailer being able to offer their customers credit directly on their website , without needing to send them off to a third party lender . Solaris makes that possible .

Then there ’ s Railsr , another European innovator . Originally known as Railsbank , they ’ ve been pivotal in providing the infrastructure that allows SMEs to offer financial products without having to become financial institutions themselves . For example , an e-commerce platform can offer a Buy Now Pay Later ( BNPL ) service at checkout , boosting sales and keeping customers happy – all thanks to the tools Railsr provides . This isn ’ t just about selling more ; it ’ s about building a financial ecosystem where the SME isn ’ t just a player but a key part of the value chain .

Making finance accessible : a revolution for SMEs

In the past , getting access to financial services like loans was often a nightmare for SMEs . The process was slow , the approval rates were low and the fees were sky-high . Embedded finance is turning that on its head . Now , a small business can offer or access lending options directly through platforms they ’ re already using – no need for complicated bank applications . This accessibility can be a game-changer for SMEs , giving them the funds they need to grow without the usual headaches .

Take payroll as another example . SMEs can integrate on-demand pay options into their payroll systems , allowing employees to access their earnings before payday . It ’ s a winwin : employees feel more secure and businesses benefit from a more engaged and productive workforce . This isn ’ t just about managing cash flow better ; it ’ s about creating an environment where everyone thrives .

New revenue streams : Joining the financial ecosystem

Embedded finance is also opening up entirely new revenue streams for SMEs . By embedding financial products into their offerings , businesses can participate in the financial value chain in ways that were previously out of reach . Think about an SME in the e-commerce space . With embedded finance , they can offer BNPL options , increasing conversion rates and boosting the average order value . Or consider offering embedded insurance at the point of sale – customers get peace of mind , and the SME gets an additional income stream .

IT ’ S BASICALLY REWRITING THE PLAYBOOK ON HOW BUSINESSES CAN CREATE WEALTH .

Intelligent SME . tech

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