All businesses need sources of finance - loans, investment or help with short-term cash flow challenges - and they need banking services. Easy access to banking facilities is critical to meeting Scotland’s aspirations to build our entrepreneurial base and become that Start-Up nation. Entrepreneurs are time-poor, they don’t need the inertia of banking bureaucracy eating away at their productivity while they wait weeks for banks to approve their applications. And banking services are critical to individuals as well as businesses. The move to a cashless society presents many opportunities for ease of doing business, but it also present challenges, particularly for those without access to banking services.

Source: The Herald August 02, 2023 08:28 UTC