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DBS helps China SMEs get faster access to financing

Bank launches its first multi-tier financing facility on a logistics blockchain platform; process shortened from months to within 24 hours with this technology, it says

Published Wed, Sep 11, 2019 · 09:50 PM

DBS

Singapore

DBS Bank on Wednesday launched its first multi-tier financing facility on a logistics blockchain platform to help small and medium-sized enterprises (SMEs) in China get faster access to trade financing.

With this technology, trade financing can be provided in 24 hours, compared with weeks and months using the traditional paper-based approach, said DBS.