Singapore

 

Learn from Joyce Tee, Managing Director for DBS Group Holdings, about how COVID-19 has transformed the SME finance space. 

 

“COVID has actually redefined how SME has to do business…how do you pivot to digital and how do you stay sustainable, how do you continue to learn from all these new orders in the market? COVID has brought digitization to the forefront of SME and we need to embrace it.”

The SME Finance Forum’s Leader Dialogues is a series of one-on-one interviews with CEOs, senior executives of financial institutions and technology companies as well as financial sector regulators.

 

Learn more about DBS Group Holdings
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets, employing 23,000 staff. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings, is among the highest in the world. DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank has also been recognized for its leadership in the region, having been named “Asia’s Best Bank” by several publications including The Banker, Global Finance, IFR Asia and Euromoney since 2012. In addition, the bank has been named “Safest Bank in Asia” by Global Finance for nine consecutive years from 2009 to 2017.

Washington D.C., September 29th, 2020- We welcome RootAnt to the SME Finance Forum global membership network. Our network consists of SME financing leaders from around the world who come together to share knowledge, spur innovation, and promote the growth of small and underserved businesses.

 

“At SME Finance Forum we are committed to helping small businesses get access to capital needed to grow and sustain their enterprise. Our membership network forms a close-knit community of industry experts who share a common purpose of helping SMEs. We are delighted to have RootAnt as the newest member of the Forum. We truly value their contributions.” said Matthew Gamser, CEO of the SME Finance Forum.  

 

There are huge gaps in financing demand and credit globally, especially for SMEs. RootAnt believes digital and open banking technologies can fill the gap and make financing inclusive and sustainable. With open banking technologies, they connect financial institutions with new tech solutions, data sources, enterprise systems, blockchain networks, and business partner platforms.

 

“We empower Anchor companies in enterprise ecosystems to lead and launch an Embedded Supply Chain Finance platform for their entire value-chain participants. We believe the platform will create a more sustainable and green economy for enterprise ecosystems. With the support of the SME Finance Forum, we plan to expand this initiative to reach more enterprises effectively and efficiently,” said Lincoln YIN LIKUN, CEO of RootAnt.

 

About SME Finance Forum  

The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.

 

About RootAnt

RootAnt is a technology enabler of banking as a service, specializing in embedded financing for enterprises, connecting enterprises and financial institutions with new digital financial products for easier, cheaper, and faster financing services in various contexts. They are headquartered in Singapore with branch offices in China and Japan.

 

Media Contact  

Carina Carrasco  

ccarrasco@worldbank.org