B2BeX launches in Singapore

Standard Chartered rolls out end-to-end trade platform to clients in the Lion City.

As part of its regional roll-out, Standard Chartered has launched its online trade platform in Singapore today following a successful trial period.

Unlike a lot of other bank platforms, B2BeX is an ambitious web-based system designed to manage every aspect of the trade process. Buyers can search for products online, place orders with suppliers, process documents, co-ordinate logistics, negotiate insurance and arrange financing. Though the system can be sliced and diced, giving users the option to choose just one or a couple of the available services.

Standard Chartered has said the platform transforms its role as a provider of trade finance to a facilitator of international trade. By putting importers and...

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