Tuesday, 21 May 2024

Best Trade Finance Bank in Singapore is OCBC Bank

5 min read

By The Asian Banker

This winning bank’s enhancements to its digital trade platform translated into 90% digitally-trade enabled customers of whom 60% are active. 

It deepened ecosystem connectivity for its customers, and this is best exemplified by its simplification of Banker’s Guarantee applications by offering its transmission electronically to 17 government agencies, streamlining the insurance process. 

It advanced trade digitalisation using data analytics to analyse financials, behavioural profiles and transaction patterns of customers and their suppliers to access pre-approved trade lines to those that meet its onboarding criteria. 

For customer-centricity and its efforts in harnessing data, partnerships, and advanced analytics to drive ecosystem connectivity, the Best Trade Finance Bank in Singapore is OCBC Bank.

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