The supply chain finance ecosystem promotes stability and resilience by supporting working capital needs of buyers and suppliers. However, small and medium-sized enterprises (“SMEs”) continue to struggle with access to financing. The ecosystem supporting the development of a green financing platform for SMEs envisions innovative solutions to address the needs of ever-evolving business needs. At banco, our mission is to help small business owners gain better access to financing. Facing uncertainty in economic conditions, rising costs and inflation, it is critical that companies take control of their cashflow management and working capital needs. Deep-tier supply chain finance (“DTSCF”) presents a compelling solution to fill the financing gap for SMEs, while offering deeper insights to large corporate buyers on their value chain.
SMEs make up 90% of businesses worldwide, yet adoption of sustainability into their business strategies, decisions and practices have been slow. Beyond educating businesses on the drivers underpinning sustainability, and different disclosure standards and frameworks, there is a need to incentivise SMEs to take steps to operationalise sustainability in their business practices. Financial institutions can take a proactive stance to commit to making green finance available to SMEs through adoption of a sustainability framework. In this manner, SMEs can develop a good understanding of cross-border financial services relevant to them, and embark on their sustainability journey to gain opportunities to new green capital sources.
Our solution seeks to empower SMEs to have greater access to financing through incorporating a sustainability framework onto our DTSCF platform. By incorporating sustainability elements into the supply chain, it provides visibility and transparency for suppliers down the chain. It allows anchor corporates to account for sustainability in their evaluation of suppliers. Consequently, this will encourage and reward suppliers, especially SMEs to adopt more sustainable activities or source for alternative sustainable materials.
Discover how banco is transforming SME financing with our pioneering deep-tier supply chain finance platform. Our report unveils a sustainable solution that closes the financing gap and integrates ESG and sustainability practices, promoting growth and resilience. Download the full white paper to learn more.
Sustainable companies are more likely to save costs by using fewer resources, win contracts, have less regulation, attract and retain the best talent pool and avoid losing money on old carbon-intensive processes. Read our article to find out how SMEs can play a part and the landscape of sustainable finance today.
SINGAPORE, March 29, 2022 /PRNewswire/ -- Leading real estate advisor, Savills (Singapore) Pte Ltd, today announced a strategic partnership with neobank banco platform, a Singapore FinTech company.
Among the multiple things that the recent pandemic has fuelled, sustainability through conscious consumerism is one of the most significant.
