The CBI has welcomed the launch of a new website for British Banking Insight. The new site contains more information and links for SMEs looking for information on banking services. By visiting the site, small businesses can search for and compare a range of financing options, and get a sense of the cost, risk and commitment of each. The site has the backing of the FSB, Treasury and British Chambers of Commerce.
Today, the BCC’s acting DG Adam Marshall reiterated the need for the site, especially at a time when access to finance is hindered as much by information and awareness as a genuine reluctance to lend on the part of banks.
“At a time of transition and change, businesses need to feel confident in their relationships with banks and other providers of finance. That makes the Business Banking Insight (BBI) site more important than ever, because it gives firms a unique insight into what their peers say about the performance of finance providers – helping them to take better decisions about their own finance needs.
“The BBI will help individual businesses match up to the right finance provider, drive wider improvements in customer service to business, and stimulate more competition for business customers.”