Check out Sean O'Malley in action addressing the important topic of how banks can better support Australian small businesses at the FST Media Future of Financial Services Conference in Sydney. This is the lens through which we’re building our new digital bank, on track to launch early in 2025. Exciting times ahead for AMP Bank!
I salute those who have the courage and dedication to start their own business. Small businesses are the engine room of Australia’s economy and play such an important role in our local and regional communities. Yet their failure rate remains astonishingly high – around 45% considered closing their doors in the past year. Small businesses rely on banks – we are their primary and highest touch service provider, both through our technology and payment systems, and financing arrangements. But are we doing enough to support them? I was fortunate to address this important topic at the FST Media Future of Financial Services conference last week in Sydney. There is definitely more we can be doing – from offering more tailored and flexible financing, to providing technology solutions that ease what is often an overwhelming administrative burden. This is the lens through which we’re building our new digital bank, on track to launch early in the new year. Find out more about our new digital banking experience: https://lnkd.in/gqVAahiV AMP AMP Bank #fofssyd