Armalytix Press – OBE Why Open Banking is good for business
The UK ranks as the highest in the G7 group of economic powerhouses for the number of micro and small businesses created per capita. This entrepreneurial spirit, however, is in stark contrast to productivity figures – where the UK ranks lower than any other member of the G7 by a significant 16%.
This makes sense when considering the generally low headcounts of these small businesses – roles tend to specialise as a business grows, focusing departments on what they are good at.
