Green Link Digital Bank (GLDB) said Friday it has commenced its banking business in Singapore and sought to serve micro-small-medium-enterprises (MSMEs) with banking and financial services through its supply chain financing and innovative, easy-to-use technological solutions.
It said in a statement that it seeks to leverage its experience in supply chain financing and innovative, easy-to-use technological solutions to provide accessible commercial banking, as well as supply chain offerings for underserved MSMEs.
With this, GLDB seeks to expand its service coverage and create more supply chain financing products to cater to varying business demands, including high growth potential industries in the digital economy.
GLDB will also enhance its focus on serving the core needs of MSMEs and technology enterprises, improve on service quality, and pave the way for the firm to become a leader in wholesale banking.
“The commencement of GLDB’s operations in Singapore symbolises a major milestone. It drives to strengthen the core pillars in digitalisation, technological empowerment and green finance. We aspire to be one of the key contributors towards digital economy advancements in Singapore and hope to play a significant role in cultivating an open digital finance ecosystem in Singapore,” said Geng Jing, Chairman of GLDB.
Meanwhile, GLDB Vice Chairman Song Qun said :”We hope to bring cutting-edge financial technology and experience in serving MSMEs in Singapore and are committed to being the leading supply chain finance technology solution provider. We will continue to explore the application of advanced technologies such as AI, blockchain, cloud computing, and big data (ABCD) in supply chain finance, incorporate environmental, social, and governance (ESG) factors into our product development and growth strategies, and create a digital banking industry benchmark, contribute to the Singapore market, and realise sustainable growth.”
GLDB Executive Director and Chief Executive Officer Goh Soon Hong also said :”We are excited to begin working with our customers in Singapore. We look forward to becoming their most trusted partner by growing with them, serving them with our digital solutions, connecting them with the right partners, and enabling them to embrace greater supply chain sustainability. We look forward to creating strong, long-lasting relationships with business and work with other supply chain financing platforms in Singapore.”
GLDB is owned by a consortium comprising Greenland Financial, Linklogis Hong Kong and Beijing Co-operative Equity Investment Fund Management. The consortium had received a digital wholesale bank licence from the Monetary Authority of Singapore in December 2020.
The firm is committed to empowering MSMEs and technology enterprises globally in their growth journeys, so as to become their most trusted bank partner. Leveraging advanced technologies in supply chain finance solutions, it views its success as the ability to provide professional and reliable financial services to customers while actively innovating and striving to improve our customer service capabilities. It aims to be an influential digital financial technology service provider.
Singapore digital banking firm Tyme raises $180M capital from Tencent and CDC Group