CamelONE™ Trade Finance Supported HSBC’s First Receivables Financing Transaction on NTP

  Published on 24 September, 2020

CamelONE™ Trade Finance Supported HSBC’s First Receivables Financing Transaction on NTP

  Published on 24 September, 2020

CamelONE™ Trade Finance Supported HSBC’s First Receivables Financing Transaction on NTP

  Published on 24 September, 2020

CamelONE™ Trade Finance Supported HSBC’s First Receivables Financing Transaction on NTP

  Published on 24 September, 2020

HSBC has closed the first receivables financing deal via CamelONE Trade Finance

 

We are excited that our bank partner for CamelONE Trade Finance portal, HSBC, has closed the first receivables financing deal via the portal which is also a value-added service on the Networked Trade Platform (NTP).

It is also heartening to know that HSBC’s Receivables Finance programme includes the use of the CamelONE Trade Finance portal on NTP which has enabled HSBC’s business banking customers to enjoy streamlined submissions and quicker access to finance.

Easier access to receivables finance for SMEs

VCC has always strived to simplify the complexity of international trade, including trade finance. One of the biggest challenges that small businesses face is cash flow crunch, and via CamelONE Trade Finance, it allows SMEs to have access to receivables financing while reducing the complexities and manual processes required from SMEs to obtain the financing for their cash flow needs. By simplifying access to receivables financing, CamelONE Trade Finance is able to support HSBC’s strategy to scale up its SME business in Singapore.

We will continue to keep a close working relationship with HSBC and NTP, to digitises manual paperwork to make applications of trade finance simpler.

To read more about the press release, click here