The Filipino digital subsidiary of Union Bank is advancing its digital transformation agenda in order to improve financing access for SMEs and lower lending costs.
A collaboration between Vemanti, Finastra and Lendscape will expand the financing solutions on offer to Southeast Asia’s community of SMEs. The launch of a new digital bank is set to follow.
Standard Chartered’s Singapore-based Business Banking clients will be able to participate in a pilot scheme generating digital insights, through partnership with US fintech, upSWOT.
The tech giant has launched ANEXT Bank to help regional SMEs expand overseas. Through partnership with MAS-backed Proxtera, the pair will help Asian corporates secure financing.