News: Neo in IBS Intelligence
A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result.
A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result.
A new report by Neo, a provider of FX and payments services, reveals that SMEs continue to rely heavily on traditional banks for cross-border payments, leading to challenges in terms of cost and speed.
Neo, the treasury management, payments and FX fintech, has launched a report on SMEs’ cross-border payment challenges. Neo surveyed CFOs and treasurers at UK-based SMEs with cross-border operations, in a bid to query them regarding the obstacles encountered when transferring funds overseas and the risk management strategies that they employ.
Laurent Descout, Founder and CEO of Neo, speaks to City AM about why three-quarters of UK small businesses are now looking to spread their deposits among multiple banking partners after the recent collapse of Silicon Valley Bank. This follows the publication of our report titled ‘Growing pains: the escalating cross-border payment challenges for SMEs’.
London, 26th July 2023 – A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result. The report entitled, ‘Growing pains: the escalating cross-border payment challenges for SMEs’, highlights that traditional banking partners are failing to meet SMEs’ cross-border […]
Real-time data is vital for treasury teams, and this will remain the case as currency markets remain volatile and other crises threaten. Laurent Descout, Founder and CEO of Neo looks at how businesses can maximise data analytics to overcome these challenges.
We’re delighted to be named in TechRound’s FinTech 50! We’ve been on a mission to rebuild corporate finance and take the pain out of corporate banking, since we started in 2017. With the use of proprietary technology through integrated systems, CFOs can not only simplify their tech stack and reduce their workload, but they can also gain real-time […]
Our Founder and CEO, Laurent Descout speaks to Crowdfund Insider on the UK’s position as a tech and science superpower following Prime Minister Rishi Sunak’s address at London Tech Week, where he said he sees the UK as an “island of innovation.”
Our Founder and CEO, Laurent Descout speaks to UK Tech News on the current debate on London’s position as an attractive place for technology businesses.
Our Founder and CEO, Laurent Descout speaks to Euromoney about how the recent collapse of Silicon Valley Bank, has led corporates to question banks’ offerings and seek more flexible fintech partners.