Kuala Lumpur, 10 July 2019 – HSBC Malaysia announced the launch of the HSBC Supply Chain Finance (HSCF) platform, a global tool with compelling benefits for the Bank’s customers and their trade partners through automation and enhanced usability, including the simplification of on-boarding suppliers.
HSBC electronic platform enables customer to upload approved invoices catering to basic file upload and Host requirements. Customer can transmit approved invoices and payment files to the bank anytime allowing to accelerate the payments to the supplier.
HSCF is the latest addition to HSBC Malaysia’s suite of digital trade capabilities, which will help support the nation’s aspiration for Malaysian SMEs to make up 41% of Malaysia’s GDP by 2020.
“At HSBC, we are always looking for new ways to leverage technology to provide our customers with digital products and services that are simple, convenient and secure. The HSCF platform enables buyers to provide its suppliers access to competitive early payments, where interest rates are based on the buyer’s credit relationship with HSBC.”said Country Head of Commercial Banking, HSBC Malaysia, Andrew Sill.