Issue link: https://recursos.axway.com/i/1321495
36 Open Banking APIs State of the Market Report 2020 SMALL AND MEDIUM ENTERPRISES (SMEs) Half of all fintech using open banking APIs (51%) target the small to medium enterprise market. The Consumer Priorities for Open Banking report 10 describes two pathways by which open banking generates financial health for small and medium-sized enterprises. As with individual consumers, open banking products may give businesses more insight into their financial performance and also remove barriers to access products and financial advice. This in turn could help reduce business failure, support better financial decision-making, and create longer term benefits for small business. Key financial health indicators for SMEs can include aging accounts receivable, net profit margin, and customer acquisition cost. Increasingly under COVID-19 conditions, SMEs are needing to enlist new sources of capital and better manage their cashflows during a period of prolonged downturn. 11 REDUCED BUSINESS FAILURE ENHANCED WORK/LIFE BALANCE BETTER FINANCIAL DECISION MAKING LONG-TERM SMALL BUSINESS GROWTH REMOVE BARRIERS TO ACCESSING PRODUCTS AND ADVICE PROVIDES GREATER VISIBILITY AND INSIGHT INTO PERFORMANCE SMALL BUSINESS LIMITED AVAILABILITY \ Line of credit \ Credit scoring \ Real Estate Financing/Investing EMERGING AVAILABILITY \ Alternative lending \ Bill payments \ Subscription payments \ Account data to access third party services \ Invoice factoring management \ Line of credit/Working capital management \ Product comparison and switching \ Wealth management GOOD AVAILABILITY \ FX services \ Account/API Aggregation services \ Payment back-end and Infrastructure \ Account-keeping and budgeting \ Cashflow and balance transfer management \ Account-keeping and budgeting \ Digital identity \ Ecommerce payments \ Merchant Payments