Financial technology company SC Ventures introduces a cross-bank supply chain finance system

In a significant move to revolutionise trade and supply chain management, SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, has announced the launch of Trade and Supply Chain Connect (TASConnect). Based out of Singapore, this bank-agnostic supply chain finance platform aims to provide large corporate organisations with a comprehensive solution for accounts payable and accounts receivable management.

At the helm of TASConnect is Sandeep Vinayak, the founder and head of the platform. With a focus on security and data protection, TASConnect prioritises high standards in ensuring the safety of its users' information.

TASConnect's services are designed to give organisations and their ecosystems better access to liquidity and working capital management. By enhancing its capabilities with artificial intelligence, machine learning, blockchain, and ESG traceability, TASConnect seeks to simplify complex connections with multiple value-chain partners, including suppliers, buyers, and banks. Each organisation using TASConnect will have an independent data tenancy and a customised site hosted in the cloud.

One of the pioneer clients of TASConnect is Lenovo. The platform provides end-to-end automation, visibility, and control of organisations' trade and supply chain ecosystems. According to Alex Manson of SC Ventures, TASConnect is a result of a client co-creation process aimed at connecting ecosystems with trust and trade.

With TASConnect, organisations can efficiently manage their supply chains, streamlining processes and fostering better relationships with their partners. The platform's launch marks an exciting step forward in the digitalisation of trade and supply chain management.

This article is machine-generated and has not undergone the standard editorial process.

Financial technology company SC Ventures introduces a cross-bank supply chain finance system