Cambodia and Singapore Foster Stronger Trade Ties with Financial Transparency Corridor: SingFinance Participation

SingFinance is proud to announce its participation in the Financial Transparency Corridor (FTC), established under the supervision of the National Bank of Cambodia and the Monetary Authority of Singapore, is now fully operational in its first pilot phase, powered by Proxtera's digital infrastructure.

The FTC facilitates communication and information exchange between financial institutions (FI) in both countries, fostering trust and transparency, empowering them to better assess risks and provide enhanced and faster financing for SMEs engaged in cross-border trade.

"Being part of the FTC ecosystem is an honour for SingFinance. We are confident that this digital infrastructure will enhance our credit assessments, empowering our robust AML and KYC processes for financing trades in ASEAN and other growth regions. This aligns perfectly with our strategic focus on digital transformation and our commitment to supporting local SMEs in expanding businesses beyond Singapore," said Mr. Lee Sze Siong, Deputy CEO of Sing Investments & Finance Limited (SingFinance).