HSBC paves way for SMEs to access receivables finance quicker

Using Singapore's Networked Trade Platform, funding can be obtained in just 15 minutes instead of a day traditionally

Singapore

HSBC on Tuesday said it has closed the first receivables financing deal on Singapore's Networked Trade Platform (NTP), paving the way for small and medium-sized enterprises (SMEs) to access funding in just 15 minutes, down from a day traditionally.

The NTP, launched by