- November 3, 2022
- Posted by: Bastion team
- Category: World News
SINGAPORE–(BUSINESS WIRE)–ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, today unveiled its latest initiative to drive further industry collaboration as part of its mission to enable effortless and inclusive financing for SMEs. The initiative aims to improve and scale embedded finance for SMEs, making it easier for businesses to access financing, as well as to monitor and manage it on platforms where they run their business.
The ANEXT Programme for Industry Specialists1 is open to the participation of all e-commerce marketplaces, fintech companies and digital solutions providers who support SMEs’ cross-border operations through digital-based services or platforms. ANEXT Bank will collaborate with these industry specialists to expand the breadth of service offerings for SMEs on their platforms to include digital financial services offered by ANEXT Bank.
This will allow SMEs to have a one-stop access to a more comprehensive suite of services, and to gain a consolidated view on their business such as wallet balance, loan amount and repayment status, etc.
Speaking of the initiative, Ms. Toh Su Mei, the Chief Executive Officer of ANEXT Bank said: “With our secure banking capabilities and first-hand knowledge on what it takes to do business digitally, ANEXT Bank is well positioned to help partners unlock more growth opportunities by enabling access to financing to SMEs on their platforms. At the same…