DBS, cloud software firm Infor float new trade finance venture

It will utilise supply chain data for risk and credit worthiness.

DBS is partnering with business cloud software firm Infor to integrate its digital trade financing capabilities into the Infor Nexus global network, according to an announcement.

Their next joint venture for pre-shipment finance, seen to launch later this year, will utilise supply chain data to analyse risk and credit worthiness.

Their previous project together was with a global apparel company in which they provided faster and more cost-efficient digital trade financing to suppliers in the company’s ecosystem.

“We continue to accelerate the deployment of our market-leading supply chain financing and digital capabilities to ensure steady financing to SME suppliers during these times of stress. Data forms the backbone of a successful digital strategy and its impact across multiple industries globally has been growing exponentially,” said DBS global head of trade product management Sriram Muthukrishnan.