In the latest November edition of FinancePro magazine, our Senior Associate, Sonia Saranti, sheds light on pivotal banking solutions for businesses in an article titled “Banking Solutions for Every Business.”
As a key member of the Machas & Partners Banking & Finance team, Sonia’s expertise provides invaluable perspectives on navigating the ever-evolving landscape of financial strategies.
Addressing the Challenge of “Non-Bankable” Businesses
Sonia begins by addressing a significant challenge faced by a plethora of small and medium-sized enterprises – the category of “non-bankable” businesses. She emphasizes that enhancing competition in this sector would be genuinely beneficial. Furthermore, Sonia advocates for substantial progress in the development of personnel within these enterprises. This progress is crucial to meet the technical transaction requirements set by credit institutions.
Diversification for Positive Differentiation
According to Sonia, the inclusion of new participants, particularly non-deposit financial institutions, is poised to reshape the financial market. Even businesses with “red loans” can find a path to “restructuring,” gaining access to funding sources. This shift is facilitated by the flexibility offered by these new financial entities. Sonia underscores the importance of a harmonious combination of traditional bank lending, new market participants, and the evolution of financial technology for achieving positive differentiation and geometric progress.
Critical Tools for Financial Evolution
Sonia highlights critical tools within the financial sector, underscoring their importance in predicting and mitigating financial risks. Advanced data analysis software takes center stage, providing a foundation for informed decision-making. Application Programming Interface (API) software emerges as a game-changer, enabling businesses to seamlessly connect their systems with banking services for faster and more secure transactions.
ESG Integration and Grant Mechanisms
In her article, Sonia explores the integration of environmental, social, and governance (ESG) criteria into financing. This integration not only aligns businesses with global sustainability goals but also encourages investments that cater to the economic and social needs of our environment. Sonia further emphasizes the significance of the co-financing mechanism through the Recovery and Resilience Fund (RRF), especially for loans aimed at driving digital transformation and green transition initiatives.
Unlocking New Avenues with Greek Financial Expertise
Sonia concludes by highlighting the tremendous potential arising from the fusion of these tools and the expertise of the Greek financial sector. The combination paves the way for sustainable financing and business development, fostering a more pioneering and undoubtedly more profitable business environment.
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-> The print and electronic versions of the November issue of #FinancePro magazine, featuring Sonia Saranti’s insights, are just a few clicks away. Dive into the future of banking solutions for businesses. You can read here