192 view s

Maybank inks MOU with fintech Doxa for supply chain financing

Services include digitisation of documents and other payment solutions.

Malaysian banking giant Maybank has signed a memorandum of understanding (MOU) with Singapore-headquartered fintech Doxa Holdings International to provide and elevate supply chain financing in the building and construction sector.

The two would eventually expand the MOU to other industries, Maybank said in a press release.

Doxa Connect will enable Maybank to expand its SCF solutions to serve large corporates and small and medium enterprises (SMEs) in Singapore and Malaysia.

Amongst services offered include digitisation of documents, integrated payments solutions, and embedded financing options.

ALSO READ: Maybank Singapore prevents loss of S$1.16m across 17 cases

There will also be green trade financing modules to help clients navigate their supply chain challenges, Maybank said.

“Through this partnership with Doxa, Maybank is able to accelerate its transaction banking business to be more integrated and seamless including beyond-banking capabilities in our future roadmap,” said Alvin Lee, country CEO, Maybank Singapore.

Between 2021 to 2023, Maybank said that it has allotted S$19b (MYR68b) in sustainable finance, putting it on track to meet its S$23b (MYR80b) target by 2025.
 

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!