Standard Chartered Bank (Hong Kong) Limited today partners with LinkLogis, a leading supply chain financial technology solutions provider, to develop customized financing solutions to support small and medium-sized enterprises (SMEs) in their e-commerce initiatives. We announced that.
Through this partnership, Standard Chartered Hong Kong will have access to LinkLogis' real-time Amazon data on relevant metrics such as merchant sales performance and refund rates, subject to client consent. This data helps Standard Chartered Hong Kong maintain a holistic and up-to-date view of merchant performance for credit evaluation, thereby streamlining appropriate credit facility extensions.
As data from the Amazon platform is used, Standard Chartered Hong Kong's SME customers selling on the Amazon platform can expect a faster loan application process with fewer physical documents required. Overdraft facilities of up to US$1 million are available to eligible small and medium-sized businesses.
To help its SME customers seize growth opportunities, Standard Chartered SME Banking today announced the SME Seminar 'Enhancing e-commerce performance with strategic financial solutions' (the 'SME Seminar'). It will be held. The event brings together experts from a variety of industries to provide the latest insights to local small and medium-sized businesses operating in the e-commerce space.
Stephen Mann, Head of Wealth Retail Banking at Standard Chartered Hong Kong, said:
“SMEs make up an important part of the Hong Kong economy and are a key customer segment for our bank. As a banking partner for this business community, we are committed to growing alongside our customers and their needs regarding digital transformation for the new economy. That's why we partnered with Linklogis to launch an e-commerce lending solution for small businesses that leverages commercial data on Amazon to streamline the loan application process. Our clients will be able to quickly and efficiently access financing to support sustainable business growth.”
SME customers approved under Standard Chartered Hong Kong's latest e-commerce financing solution by September 30, 2024 will enjoy a HK$5,000 shopping voucher. In addition, e-commerce merchants who open a Standard Chartered Hong Kong business account by September 30, 2024 and maintain deposits of USD 500,000 or more for six months by September 30, 2024, may receive additional You can also enjoy a HKD1,000 cash rebate. Account opening date.
