DBS, cloud software firm Infor float new trade finance venture

It will utilise supply chain data for risk and credit worthiness.

DBS is partnering with business cloud software firm Infor to integrate its digital trade financing capabilities into the Infor Nexus global network, according to an announcement.

Their next joint venture for pre-shipment finance, seen to launch later this year, will utilise supply chain data to analyse risk and credit worthiness.

Their previous project together was with a global apparel company in which they provided faster and more cost-efficient digital trade financing to suppliers in the company’s ecosystem.

“We continue to accelerate the deployment of our market-leading supply chain financing and digital capabilities to ensure steady financing to SME suppliers during these times of stress. Data forms the backbone of a successful digital strategy and its impact across multiple industries globally has been growing exponentially,” said DBS global head of trade product management Sriram Muthukrishnan.

Also Read

Dah Sing Bank warns against seven fraudulent websites

Banks should refine AI safeguards on rising complexity and exposure: McKinsey

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit