Green Link Digital Bank (GLDB), one of the first digital wholesale banks in Singapore, has officially commenced its banking business on June 3.
The bank, which is owned by a consortium headlined by Greenland Financial Holdings, received its digital wholesale bank license from the Monetary Authority of Singapore (MAS) in December 2020.
The bank says it seeks to serve micro-, small- and medium-sized enterprises (MSMEs) in the region with banking and financial services through innovative, easy-to-use, technological solutions.
In addition, the bank 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.
“The commencement of Green Link Digital Bank’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,” says Dr Geng Jing, chairman of GLDB.
Song Qun, vice chairman of GLDB adds, “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.”
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Goh Soon Hong, executive director and CEO of GLDB says, “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.”
