On the utility of offshore digital banking for small-to-medium enterprises

I've been observing a rising trend in smaller businesses opting for full offshore digital banking solutions, not just as an asset protection strategy, but for their primary operational accounts. While the promise of streamlined cross-border transactions and potentially lower fees is attractive, I can't shake the feeling that for businesses with less than, say, $5M annual turnover, the perceived benefits might be outweighed by the increased compliance overhead and the general lack of personalized service when issues arise. There's a certain stability and regulatory comfort in a robust domestic banking relationship that seems to be undervalued by those chasing purely digital, cross-jurisdictional setups. I’m interested to hear from those who’ve successfully navigated this with smaller scale operations, especially regarding the true cost-benefit analysis and any unexpected hurdles. Am I missing something crucial in this assessment?