DBS Bank India introduces digital and paperless trade financing service
- DBS Bank a leading financial services group headquartered in Singapore, operates across 18 markets
- In the current environment, there is a need to drive digitised trade for Corporate customers
- Bank has introduced a paperless proposition for the financing of domestic invoices by buyers and sellers
- The adoption of this approach has enabled process transactions quicker without the need to obtain underlying physical documents
- The bank has also executed its first paperless domestic trade financing transaction with Lincon Polymers Pvt. Ltd
- With this solution, the bank will eliminate the need for cumbersome documentation, making the entire financing journey paperless
