HSBC Singapore Rolls Out «Dart» Platform for Corporates
The bank's new online platform for corporate customers simplifies receivables collection and improves transparency and monitoring capabilities.
HSBC Singapore is launching another digital solutions for corporate customers – «Dart,» or the Digital Accounts Receivables Tool, which connects businesses to their customers by enabling the exchange of invoice and payment information, the bank said in a statement on Tuesday.
According to the bank, receivables reconciliation remains a key challenge for treasury functions who receive and process large volumes of payments on a daily basis, particularly when identifying payers and matching with invoices.
«Supply chain resilience has become synonymous with digitisation, and the receivables reconciliation process is a prime candidate for transformation,» Winnie Yap, HSBC Singapore head of global liquidity and cash management, said.
Digital Capabilities
HSBC has rolled out a number of digitally driven solutions for its corporate customers in recent months, including a multi-currency digital wallet for corporate customers, «Omni Collect» – a one-stop digital solution for all payment collections needs.
The bank said it will progressively widen the capabilities available on Dart, as it optimises its digital services to support customers.
