Saturday, 13 August 2022

Best Trade Finance Bank in Singapore - OCBC Bank

5 min read

By The Asian Banker

The bank continues to advance trade digitalisation using data analytics to analyse financials, behavioural profiles and transaction patterns of customers and their suppliers to avail pre-approved trade lines to those meets its onboarding criteria. It streamlined and simplified the issuance of Bankers’ Guarantee to many government agencies in Singapore. Other initiatives such as digitalisation of buyer-seller network to extend financing and of cross-border trade flows for SMEs importing from China has helped the bank to convert more than half of its transacting customers from digital. 

For showcasing digital trade finance achievements along with its success in commercialisation as captured through both public and private sector initiatives, the Best Trade Finance Bank in Singapore goes to OCBC Bank.



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