FinSight: A New Era of Financial Management for SMEs

Small and medium-sized enterprises (SMEs) are the backbone of the European economy – more than 32 million companies providing jobs for two-thirds of the workforce and generating half of the EU’s GDP. Yet, their financial processes are often cumbersome, costly, and dependent on outdated models.

Today, SMEs frequently face challenges related to payments – transaction fees (for card payments usually between 1% and 1.5% per transaction) that strain budgets, settlement delays, and difficulties managing multiple bank accounts. The lack of a real-time, consolidated view of finances makes liquidity management even more complex.

The result?

Some of the most dynamic and vital companies in the economy – small and medium-sized businesses – remain without control over their liquidity, constrained by foreign infrastructures, and deprived of accessible financial tools for forecasting and analysis.

The Problem: The Financial Burden on SMEs

SMEs in Southeast and Central Europe face particularly acute difficulties:

• High card payment fees – averaging above 1% per transaction.

• Slow settlements – taking 2–3 days, delaying cash flow.

• Fragmented financial data – companies with multiple accounts lack a complete financial overview.

• Limited access to analytics and forecasting – tools available to corporates remain out of reach for smaller firms.

This combination doesn’t just restrict growth – it literally drains billions from the region’s economy.

The Solution: FinSight

This is where FinSight comes in – IRIS Solutions’ visionary platform designed specifically for SMEs.

FinSight is currently in active development and will bring together in one solution:

• Account-to-Account (A2A) payments – direct bank transfers without intermediaries, reducing fees by up to 60%.

• AI-powered analytics and forecasting – automated liquidity forecasts, risk management, and anomaly detection.

• Multi-bank view – all bank accounts and transactions consolidated in real time.

• Regulatory compliance – designed to be ready for new European rules PSD3 and FIDA, ensuring long-term sustainability.

Galya Dimitrova, CEO and Co-founder of IRIS Solutions:“FinSight transforms how SMEs understand and manage their money — simple, fast, and finally under control.”

Benefits for Businesses

With FinSight, SMEs will gain tools previously reserved only for corporates and banks:

• Cost savings – from 1.0–1.5% card fees down to around 0.5% for A2A payments.

• Improved cash flow – settlements in real time, not days later.

• Transparency – a unified view of all accounts and transactions.

• Smarter decisions – AI to forecast risks and suggest scenarios for action.

• Fewer errors – automation reducing manual mistakes and optimizing processes.

  
  

  Mihael Mihaylov, COO and Co-founder of IRIS Solutions:“We unify all financial data into a single real-time dashboard. Businesses get instant KPIs on liquidity, turnover, and risk — no manual work and no blind spots.”

  
  

Why FinSight Matters Now

The financial environment is changing rapidly:

• New regulations PSD3 and FIDA will transform how data is exchanged and payments are made.

• The European Union is emphasizing financial independence, reducing reliance on global card networks.

• SME digitalization is no longer optional — it’s a condition for survival and competitiveness.

  
  

FinSight is positioned right at this intersection – where technology, regulation, and business needs converge.

The Vision of IRIS Solutions

IRIS Solutions is the first company in the region to build SME-first Open Banking infrastructure. With a license from the Bulgarian National Bank, passported across the EU, and a team with long-standing expertise in banking and fintech, the mission is clear:

To give small and medium-sized enterprises the same financial power as large corporates.

FinSight is the next step in this mission and is currently under development.