Traditional banks are proving to be too slow and cumbersome for SMBs

• Two-thirds of businesses say traditional banks are too slow
• Four in five have problems with their exisitng banks
• Revolut is updating its Business features

Traditional high street banks have been criticized in a new study for being too slow and cumbersome for the modern needs of small businesses.

A report from Revolut claims many businesses are turning their backs on traditional banks in favor of newer fintech solutions.