The more complicated functions within risk management - namely hedging FX - have traditionally required deep relationships with bankers. But this is no longer the case, says one fintech bringing hedging to SMEs.
Singapore’s SMEs, faced by a bleak business outlook, are looking to the government for relief, according to a separate survey commissioned by a local unit of the Australian insurer.
E-commerce platform, which raised the money from both existing and new investors, says it’ll use proceeds to fund continued expansion and enhance SME financing capabilities.
New online lending regulation for small businesses to further constrain microloans and preempt systematic risk, especially from informal lending by fintechs, ratings agency says.
With a new digital banking tool aimed squarely at the region’s SMEs, he spoke to CT about trends in transaction banking, small businesses and what the future holds for corporate treasurers.