DBS and Standard Chartered lead banking group to develop Trade Finance Registry pilot to enhance trade transparency

DBS Bank and Standard Chartered Bank announced on Oct 6 that they have led a workgroup of 12 other banks to create and conduct a digital Trade Finance Registry (TFR) POC.

See also: DBS adds intelligent banking capabilities to digital banking services

The registry, which is supported by Enterprise Singapore (ESG) and endorsed by The Association Banks of Singapore (ABS), is set up in a bid to enhance lending practices and improve transparency in commodity trade, says a statement released by DBS.

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