EmerioBanque

Data-Based Trade Financing Solutions from DBS and Infor Nexus Improve SME Cash Flows

Infor Nexus and DBS Bank have partnered to offer pre-shipment financing for SMEs in the supply chain ecosystem. This innovative solution uses historical information from the Infor Nexus network to offer data-driven loan solutions for suppliers' working capital needs. Pre-shipment financing allows providers to use their increased cashflows to complete orders before items are delivered to purchasers, revolutionizing the market.

DBS Bank & Infor Nexus previously focused on early payments to suppliers’ post-shipment. The newest trade financing solution provides throughout its entirety digital working capital funding from pre-shipment to post-shipment. Since 2020, DBS has smoothly integrated its competitive digital trade financing solutions into the Infor Nexus network. The Bank will employ Infor Nexus platform supply chain data, including historical and real-time milestones on physical items transit.

The trade financing solution has been provided to Indian SMEs in the garment, footwear, and textile industries, which are economic growth drivers. Infor Nexus ecosystem includes DBS Bank underwriting trade finance facility applications for prospective SME suppliers. Rather than traditional paperwork, which often leaves suppliers underfunded or unable to obtain working capital, analytics-based data will be used to assess risk and trustworthiness. Suppliers can reduce cashflow demands between shipping, delivery, and payment by financing outstanding orders before invoices are finalized. DBS became one of the first institutions to offer this innovative option, which might transform SME finance.

DBS Bank India's MD and Head of Global Transaction Services, Divyesh Dalal, expressed their excitement to join with Infor Nexus to offer a unique working capital funding solution for SME and MSME suppliers. Working capital is crucial for small firms to grow in their industry, according to DBS Bank. 

DBS Bank provides solutions to help SMEs future-proof their enterprises in a changing economy. The DBS branch network in India currently includes over 100 SME hubs and 80% of the potential SME market. DBS Bank India has achieved 100% digital onboarding and 85% digital transactions using its data-driven digital system for client onboarding and service. The Bank's ecosystem collaborations create commercial opportunities and help companies develop.





Other news

Exchange Rates

Currency Buy Sell
EUR USD 1.06 1.10
EUR GBP 0.86 0.89
EUR CHF 1.02 1.06
EUR AUD 1.72 1.70
EUR JPY 116.08 116.56
EUR MYR 4.50 4.77
EUR SGD 1.53 1.57
EUR HKD 8.27 8.53
EUR CAD 1.54 53.84
EUR DKK 9.75 1.55

Most Recent Blogs View All Blogs

19 Sep

Free Trade Agreements: A Path to Prosperity and Cooperation

Free Trade Agreements usually are the formal pacts which are between the two or other countries to e...

14 Sep

India's G20 Legacy: A Comprehensive Assessment of Achievements

India's G20 presidency, an important international forum, has gained praise for its capacity to brin...

08 Sep

Kickstarting The Global Economy – How Financing Can Help

If we talk about the global economy then it has experienced its share of fluctuations, but the recen...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.