Best International Supply Chain Finance Bank in Asia Pacific - Standard Chartered Bank
The winning institution successfully demonstrated the commercialisation of its collaboration with a supply chain finance fintech. Leveraging blockchain, it delivered a deep-tier financing initiative which goes beyond providing working capital to not just larger and direct suppliers, but also tier-2 and tier-3 suppliers that are located deeply within the procurement process. Material impact in terms of quicker supplier onboarding was achieved as financing turnaround improved. Other initiatives such as streamlining of its supplier enrolment process using digital tools and launch of AI-powered scoring to predict supplier performance propelled it to become a market leader in regional supply chain finance solutions.
For delivering better supplier experience ensuring timely program onboarding – so suppliers could benefit quicker from its programmes, the Best International Supply Chain Finance Bank in Asia Pacific is Standard Chartered Bank.