DBS Bank India introduces digital and paperless trade financing service

DBS Bank India introduces digital and paperless trade financing service

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