MAS, IMDA to pilot real trades on cross-border SME digital platform

Singapore

BUSINESS sans Borders (BSB), a cross-border digital trade platform experiment for small and medium-sized enterprises (SMEs), will be ramped up in the first half of next year, having completed its proof-of-concept (POC) stage, said the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA).

BSB connects platforms to help SMEs access a global ecosystem of buyers, sellers, logistics service providers, financing and digital solution providers. It uses artificial intelligence to enable SMEs to discover prices and sales opportunities, access supply chains, and source for and use digital and financial solutions.