Best Cash Management and Transaction Bank in Singapore is OCBC Bank
This bank enhanced its online transactional business banking platform with the launch of its Business Financial Management tool to assist SME owners digitalise their financial management processes.
The bank’s digital initiatives have translated into 82% of customers becoming digitally active, with over 90% of transactions being digital and straight-through. In 2022, the bank reported a 216% year-on-year increase in transaction volume as well as a 240% increase in transaction value.
For its customer-centric digital solutions such as e-invoicing and cashflow analysis for better working capital decision making, the Best Cash Management and Transaction Bank in Singapore is OCBC Bank.