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Digital revolution influencing new trends in SME financing: SME Head, DBS Bank

Digital revolution influencing new trends in SME financing: SME Head, DBS Bank

Small and Medium Enterprise (SMEs) are part of the ecosystem, which is getting transformed by the digital revolution. The new trends in SME financing too are getting influenced by digital revolution. This includes analytics based lending, peer to peer lending and various other variants, said Amitabh Verma, Head, SME Banking, DBS Bank. In an interview to SME Times, he said, "Even the traditional modes of funding are getting better enabled through the use of technology (such as working capital analyser – Grow App of DBS). The regulations / infrastructure is also enabling far more easier and effective funding especially around ARP and supply chain. There is similar improvement happening on a host of trade, FX, transaction based solutions which are facilitating financing to clients much more effectively and competitively."

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