Three out of five Malaysian SMEs may ditch traditional banks this year, says FICO

Three out of five Malaysian SMEs may ditch traditional banks this year

PETALING JAYA: Malaysian banks are at risk of losing SME business to non-traditional competitors, according to analytics company Fico, on the back of insights prepared by RFI Global-based research from the SME Banking Council.

It highlighted that 57% of local SMEs are expected to take up new or alternative borrowing…