Singapore-based OneConnect to develop ADGM SME Financing platform

  • Date: 19-Sep-2022
  • Source: GCC Business News
  • Sector:Financial Services
  • Country:UAE
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Singapore-based OneConnect to develop ADGM SME Financing platform

OneConnect Financial Technology, a leading Singapore-based Technology-as-a-Service (TaaS) provider, will develop the Abu Dhabi Global Market (ADGM) SME Financing Platform, an integrated digital finance marketplace that will transform the financing services landscape for UAE’s small and medium enterprises (SMEs).

Working with ADGM, the intelligent marketplace will help advance financial inclusion, enhance transparency, alleviate operational costs in SME finance and improve the overall customer experience for SMEs and funding organizations.

As a marketplace connecting various key stakeholders such as SMEs, multi-lenders and data sources from government agencies, and supported by a robust loan origination process that enables seamless transfer of data, the platform will enable better, faster and more risk-appropriate financing decisions to be made. The entire loan application process is made agile and simplified through the use of digital tools such as e-contracts and e-signatures.

Tan Bin Ru

CEO Southeast Asia

OneConnect Financial Technology “At OneConnect, we believe in creating long-term value for our clients. We listen to our client’s needs and deliver next-generation omni-solutions which can cater to not only their present needs but their future needs as well. With ADGM, this is our second project, which is a direct reflection of our deepened client relationships and trust. We believe that great things in