DOCSLIB.ORG

E-Finance in Bank of Baroda Nikitha Sharon

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
E-Finance in Bank of Baroda Nikitha Sharon Role of E-Finance Global integration, deregulation, advances in the Internet technologies are dramatically changing the structure and nature of financial services. Internet and related technologies are enabling new financial service providers to compete more effectively for customers. The technological changes are accelerating financial sector development by lowering the costs, increasing the breadth and quality, and widening access to financial services. It can considerably improve efficiency and decrease the costs of internal business functions such as expense reporting, contract labor management, and time-and-billing procedures. E-Finance is about web-enabled finance function which includes all areas of financial services industry. However, if its true benefits are to be realized, e-Finance is far more than just adding a web front-end to financial services. It is about changing fundamentally the value proposition of the finance function by redefining its core activities, changing the interaction mechanism between itself and its prime customers, and moving it up the value chain by creating and assisting others in the organization to create better value for shareholders. Technology enablers play key roles in making the transition to e-Finance. An e-Finance transformation sees finance change its role from transaction processing to true business partnering, with far reaching implications on interactivity with customers, suppliers and others within the organization. Developments in technology and deregulation are eroding the nature of what has made banks special. On the lending side, e-Finance allows non- banks financial institutions and capital markets to reach far more borrowers, including small and medium-size enterprises (SMEs). On the deposit and payments system side, many deposit substitutes (such as stored value cards) are emerging and many non-banks are offering payment accounts. The evolution and growth of e-Finance has been phenomenal during the last decade. The adoption of internet technologies around the world and the implementation of key regulatory measures, such as electronic signatures and cross border contacts should spur further growth in e- commerce. Financial services industry was among the earliest adaptors of information technology. E-Finance sector of e-Business are interlinked. E- business in the financial services industry has been slow to evolve because of complexity of inter-organizational relationships, regulations, security concerns, lack of standards, and conservative principles. E-finance builds on new business models and processes and demands new paradigm and software to clearly position finance as a service center within organizations. The benefits of e-finance are many and include: reducing the cost of transaction processing, expanding the information scope of accounting and finance’s systems, extending the information reach of the finance department and improving the quality of financial information. However, to realize these gains, finance professionals must embrace and leverage new technology, realign the traditional accounting mind-set and skill set, engage in process transformation initiatives, and focus on delivering value-added information services to the organization. Furthermore, they must have a solid understanding and implementation of the technology platform. The impact of the Internet on financial services is clear. However, certain trends are emerging: expansion of B2B e-finance, automation of customer services, consolidation in local and regional financial operations, growth in global services, migration towards 24/7 global trading, blurring of business and product lines, disintermediation of traditional products and services, creation of alternative partnerships and alliances and consolidation of portals, storefronts, exchanges and marketplaces. Technological developments should reduce the cost and enhance the security and convenience of dedicated digital media. There is a clear need to ensure open markets, minimizing the effect of switching costs, and police the pricing structures of both new and old transaction media. Regulation and supervision of payments markets should do much to promote the development of digital money. E-Finance can streamline traditional business processes and deliver value-added information services by using Internet-based technology. Leading finance, accounting, and IT executives are transforming the finance function by deploying a strategic application of the IT technologies to the financial services, or e- Finance. E-FINANCE IN TATA MOTORS AAGI PAUL C 18MBA01 INTRODUCTION Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. Founded by Jamsetji Tata, the company gained international recognition after purchasing several global companies. One of India’s largest conglomerates, Tata Group is owned by Tata sons. Tata Motors has auto manufacturing and assembly plants in jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad and Pune in India, as well as in Argentina, South Africa, Great Britain, and Thailand. Tata Motors entered the passenger vehicle market in 1988 with the launch of the TataMobile followed by the Tata Sierra in 1991, becoming the first Indian manufacturer to achieve the capability of developing a competitive indigenous automobile. Tata Motors is listed on the (BSE) Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, the National Stock Exchange of India, and the New York Stock Exchange. The company is ranked 226th on the Fortune Global 500 list of the world’s biggest corporations as of 2016. E-FINANCE E-Finance will empower both consumers and businesses, enabling them to reduce transaction costs, speedily process documents online, and have instantaneous access to information. For businesses, online finance can dramatically improve efficiency and decrease the cost of internal business functions such as expense reporting, contract labor management and time- and-billing procedures. Role of e-finance in Tata Motors Tata Motors is open to divesting stake in it’s financing arm, Tata Motors Finance, which is expected to have Rs.50,000 crore of assets under management by 2020, according to company officials. Tata Motors Finance is restructuring it’s captive vehicle finance arm. It is trying to sharpen the focus on specific segments such as used vehicles, dealer and vendor finance. As part of the move Tata Motors Finance, one of the largest financiers of new commercial vehicles, has converted itself into a crore investment company (CIC) from a non-baking financial company (NBFC) which was into asset financing, after Reserve Bank of India approval. It is now formally Tata Motors Holding Finance Ltd (TMHFL). The financing business is now being carried out by subsidiaries of the holding company. The re-organization began in the middle of 2017 and is expected to be complete by May, said a person directly involved. The move was triggered by the heavy loss the finance arm had accumulated. Elaborating on strategic goals, Tata Motors Finance Ltd (TMFL) CEO, Samrat Gupta said in an investor presentation that the company is aiming to be a Rs 50,000 crore asset under management group by 2020. As part of the plan, TMFL also plans to expand it’s reach by increasing total branches across India to 500 by 2020 from 270 at present, he added. Moreover, Gupta said TMFL is also targeting to “attain 20% sustainable ROE” by 2020. Apart from driving up financing of it’s new vehicles by TMFL, Tata Motors also looking at the financing arm to help it’s partner suppliers with poor financial health. AKSHATHA UMESH BABU 18MBA04 ABOUT THE COMPANY Thomas Cook group is the oldest and best known name in leisure travel with the history of innovation that started in 1841. Serving about 19 million customers around the globe is in a year and a focus on transforming the business so as to serve even more customers to deliver better holiday dreams. Thomas Cook began his international travel company in 1841, with a successful one day rail excursion at shilling a head from Leicester to Loughborough on 5th July. From these humble beginnings Thomas cook launched a whole new kind of company- devoted to help Britons see the world. ROLE OF E-FINANCE AT THOMAS COOK E-finance is the use of electronic communication and computation in financial services and markets, E-finance including investing, banking mortgage lending, and insurance will grow at a dazing rate in future. E- Finance will empower both customers and businesses, enabling them to reduce transaction cost, speedily process documents online, and have instantaneous access to information, it helps business to improve efficiency and decrease the cost of internal business function i.e., time and billing procedures, labour management etc. At Thomas Cook new digital products that the customers save up for and spend on their holidays. Straight forward money services let the customers keep the holiday glow long after they're home. Thomas Cook has appointed Antony Mooney to the newly created role of chief Financial service officer. Thomas Cook financial services products include travel insurance, prepaid travel money cards and Thomas Cook direct debit payment offering. In the past years, Thomas Cook has put a renewed focus on its financial services offering and was one of the first provided in the UK to launch a multi- currency prepaid travel money card- Thomas Cook cash passport. Thomas cook has come up with multi-currency travel card it has two different cards to offer:
Load more

Recommended publications
  • HSBC Launches Omni Collect in India
    ID HSBC News Release 26 August 2020 HSBC launches Omni Collect in India ~This new solution allows corporates to provide various payment options on a single platform ~ Advanced Travel Partners International (ATPI), is HSBC India’s first client to go live with Omni Collect HSBC India today announced the launch of Omni Collect, a one-stop solution that supports businesses to provide multiple payment options on one single platform. This new solution is designed to simplify the way businesses collect payments through various digital modes, thereby allowing them to easily adapt to the changes in consumer spending. With this Omni Collect solution, HSBC will not only help businesses to offer various digital payment modes to their clients, but also provide them with a comprehensive view of their collections. With single API connectivity, HSBC will be able to support both in-store as well as online purchases across multiple providers. This will eliminate the complexity of relying on multiple connections, reduce operational costs and build sustainable efficiency into client’s collection processes. Commenting on the launch, Siddharth Rungta, Head of Global Liquidity and Cash Management, HSBC India said: "While businesses gear up for recovery amidst COVID-19 challenges, adapting to change quickly is the need of the hour. Continuing our quest to help build smarter businesses, automate everyday operations, enhance client experience, and proactively help businesses transition from paper to digital, we are pleased to launch Omni Collect, an important addition to our electronic receivables solution suite.” Advanced Travel Partners International (ATPI), is HSBC India’s first client to go live with Omni Collect solution and has started receiving payments through the online payment gateway.
    [Show full text]
  • Maple-Brown Abbott Funds Plc
    MAPLE-BROWN ABBOTT FUNDS PLC (An open-ended umbrella type investment company with variable capital incorporated with limited liability and segregated liability between sub-funds in Ireland under the Companies Act 2014 as amended, with registration number 442105 and established as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011), as amended (the ’”UCITS Regulations’’) and the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertaking for Collective Investment in Transferable Securities 2019, as amended (the “CBI UCITS Regulations”)). MAPLE-BROWN ABBOTT ASIA PACIFIC-EX JAPAN FUND MAPLE-BROWN ABBOTT ASIA-EX JAPAN FUND MAPLE-BROWN ABBOTT GLOBAL INFRASTRUCTURE FUND (sub-funds of Maple-Brown Abbott Funds plc) CONDENSED SEMI-ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the Financial Period Ended 30 September 2019 Note for investors in Germany: It should be noted that for the Maple-Brown Abbott Asia-Ex Japan Fund no notification has been filed according to section 310 Investment Code (Kapitalanlagegesetzbuch) and that the shares of this fund may not be distributed to investors within the scope of applicability of the Investment Code. 1 Maple-Brown Abbott Funds plc CONTENTS Page General Information 3 - 4 Maple-Brown Abbott Asia Pacific-Ex Japan Fund - Investment Manager’s Report 5 - 6 Maple-Brown Abbott Asia-Ex Japan Fund - Investment Manager’s Report 7 - 8 Maple-Brown Abbott
    [Show full text]
  • 2020-Bd-Financial-Statements.Pdf
    Bridging you to a world of opportunities Bangladesh is building a brighter future with continuous improvement in infrastructure since its independence 50 years ago. With our local knowledge and global reach we will work with you to turn every change into a chance. Visit www.business.hsbc.com.bd FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Obtain an understanding of internal control relevant to the audit in order to design audit 2020 2019 Bangladesh Branches procedures that are appropriate in the circumstances. Notes BDT BDT Evaluate the appropriateness of accounting policies used and the reasonableness of Money at call on short notice 7 - - Independent Auditor's Report to the Management of accounting estimates and related disclosures made by management. The Hongkong and Shanghai Banking Corporation Limited, Conclude on the appropriateness of management’s use of the going concern basis of Investments 8 Government securities 46,174,440,700 34,807,662,873 Bangladesh Branches accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank’s ability to continue Others 6,000,000 6,000,000 as a going concern. If we conclude that a material uncertainty exists, we are required to draw 46,180,440,700 34,813,662,873 Report on the audit of the financial statements attention in our auditor’s report to the related disclosures in the financial statements or, if such Opinion disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit Loans and advances 9 evidence obtained up to the date of our auditor’s report.
    [Show full text]
  • HSBC Survey ~ Highest Priority to Investment in Technology and Innovation ~ ~ Multiple Benefits from Digitisation – Key to Resilience Building ~
    News Release IDHSBC 11 Aug 2020 Investing in technology and innovation are key priorities for Indian businesses in the next five years: HSBC survey ~ Highest priority to investment in technology and innovation ~ ~ Multiple benefits from digitisation – key to resilience building ~ Businesses in India are focused on investing in technology and innovation as they prepare for uncertainties in the next five years, reveals findings from HSBC’s Navigator report, ‘Building Back Better’. In fact, more than two-fifths (41%) of Indian businesses surveyed accorded top priority to investment in technology and innovation. This was the highest across all markets covered under the survey and significantly higher than the overall average (28%). Technology – Impact and benefits This focus on technology has seen a secular trend over the recent past as businesses have worked towards building and enhancing resilience. Over the past two years, around 77% of Indian businesses have invested in technology and innovation. This is significantly more than the overall average across all markets (65%) and second only to mainland China (79%). The inclination towards technology and innovation, shown by Indian firms, is understandable given the benefits it has brought about over the past 6 months. The biggest impact, as chosen by 62% of surveyed Indian firms, has been on faster and more secure payments. This is the highest level seen across all markets and also stands as the single largest benefit accrued by technology for Indian firms. In addition, technology has positively impacted and enabled Indian firms to be more customer centric (joint highest at 59% vs. 51% all markets) as well as agile (57% vs.
    [Show full text]
  • HSBC Inaugurates Its International Banking Unit at GIFT City
    IDHSBC Media Release January 26, 2021 HSBC inaugurates its International Banking Unit at GIFT City ~ First bank to be licensed by IFSCA at GIFT City ~ The Hongkong and Shanghai Banking Corporation Limited (HSBC), one of the world’s largest financial services organizations today, inaugurated its International Banking Unit (IBU) branch at Gujarat International Finance Tec City (GIFT City), India. HSBC is one of the earliest global financial institutions setting up a branch at India’s GIFT City and was the first bank to get a license from the newly setup International Financial Services Centres Authority (IFSCA). HSBC’s IBU branch at GIFT City will be operational for customer transactions with effect from 27th of January, 2021. The GIFT City IBU branch opening, on the occasion of India’s 72nd Republic Day, marks a major milestone for HSBC’s commitment to India. Commenting on the Bank’s operations at GIFT IFSC, Mr.Surendra Rosha, Group General Manager and CEO HSBC India, said, “We have been closely partnering the development of GIFT City and are pleased with the rapid progress it has made, offering a great value proposition to global financial institutions. Our IBU branch at GIFT IFSC, complements our domestic business in India and flows with our global financial centres. This would help expand the options available to our customers to seamlessly conduct international business transactions, in particular financing, trade and global markets. This reiterates HSBC’s commitment to India as a core top 5 global contributor, and our second largest employment base globally.” Welcoming HSBC at GIFT IFSC, Mr. Srinivas Injeti, Chairman IFSCA, said, “It is a momentous occasion for us to host HSBC at GIFT IFSC.
    [Show full text]
  • HSBC India Launches Deriveasy
    News Release ID HSBC 29 May, 2020 HSBC India launches 'DerivEasy' ~Access to near real-time information on Futures & Options trades~ ~Aimed at enabling investors to make time-critical investment decisions~ HSBC Securities Services India announced the launch of 'DerivEasy', a first-of-its-kind web platform that will allow HSBC's institutional investors to get access to near real-time information on their Futures & Options {F&O) trades. This new platform is aimed at assisting investors in making time-critical investment decisions and their risk management process. DerivEasy intends to simplify the trade validation process, support investors in monitoring of margin requirements on existing and prospective trades. collateral utilisation, and position limits. The platform also offers setting up of customisable alerts to track critical information, amongst many other features. Talking about DerivEasy, Anuj Rathi, Head of HSBC Securities Services, India said, "HSBC is at the forefront of adopting data and digital solutions for both client experience and internal efficiencies. It is our constant endeavour to support clients through access to innovative platforms and tools that aid their decision making including risk management. DerivEasy is one such tool. An industry first, this platform is a culmination of feedback from our clients and market participants and we truly believe it will set a new market standard in this area". Commenting on this new platform, Ravi Varanasi, Head of Business Development at NSE (National Stock Exchange) said, "India is amongst the largest F&O market globally by trading volume and has the potential to grow further. The launch of DerivEasy, a feature-rich online platform by HSBC is a commendable initiative and a step in the right direction towards building market infrastructure and growth through the use of data and digital." Commenting on the launch of DerivEasy, Ramamoorthy RaJagopal, COO of DSP Mutual Fund India, and a key relationship for HSBC India said, "HSBC is a trusted pa11ner who strives to offer the right solutions to its clients.
    [Show full text]
  • HSBC India Launches a Green Deposit Programme
    ~ HSBC News Release 20 August 2020 HSBC India launches a Green Deposit Programme ~ First foreign bank in India to launch a Green Deposit ~ ~ Leverages global expertise in complex green loan transactions across sectors ~ HSBC India today announced the launch of its Green Deposit Programme. Available to corporate clients, deposits under this programme will finance green initiatives such as renewable energy, clean transportation, pollution prevention & control, green building, sustainable water, waste water management and others, providing a simple way for companies to support environmentally-beneficial projects. The Green Deposit is available in INR as Term Deposit. This innovative and unique fixed tenure deposit will go towards financing eligible businesses and projects that promote the transition to a low-carbon, climate resilient and sustainable economy. As a product, Green Deposit offers stable principal, pre-agreed return and similar levels of principal protection as a bank deposit. HSBC will provide customers with a quarterly report containing portfolio-level information regarding the use of the deposited funds. Corporates looking for inclusion of a sustainability agenda into their treasury activities or those that have limited opportunities for investment in environmentally beneficial projects will find this product particularly relevant. Commenting on the launch of the Green Deposit Programme, Hitendra Dave, Head-Global Banking and Markets, HSBC India said, “It is becoming increasingly obvious to business leaders that sustainability is a strategic business imperative. We are well positioned to leverage our global expertise and resources to support our clients’ journey towards embedding sustainability as a strategic priority. Our Green Deposit proposition is designed to help corporates participate in the sustainability agenda with the safety and assurance of a bank deposit.
    [Show full text]
  • Hsbc Credit Card Online Application India
    Hsbc Credit Card Online Application India Unspeakable Lauren stockpiling, his piddler privilege enounces soli. Amery materialising her balkline Murdochexplosively, doctors she notified very rent-free. it enigmatically. Protected Connor tours her temporalities so defensively that Can we embody an HSBC account in Hong Kong online from India. Retail customers of HSBC can flight be global customers of day bank. Indian Bank Net Banking Login Registration at SBI Balance Check SBI Missed Call Balance Check HDFC Credit Card ask How private Pay HDFC Bank. The investors want HSBC to set short and medium-term targets that direction in line following the goals of the Paris climate agreement which aims to limit. By transferring your HSBC credit history he's even easier to probe your banking. As hsbc credit card online application? Welcome to HSBC UK banking products including current accounts loans mortgages credit cards. What is why should get a valid mobile. The Case Manager will arrange before your welcome package which includes your debit card and pant to be. HSBC Credit Card plan for Best HSBC Credit Cards Online. Can I scream for a credit card such a job? HSBC Credit Cards Number For Indian Customers 160 500 2277 or 160. HSBC Credit Card offer Cashback on flight booking IndiGo. How well Track HSBC Credit Card Application Status TechAccent. Check how to india, application status online for? You will contact to credit card online application. Obviously may issue and application online. The HSBC Smart Value credit card offers a loss of lifestyle privileges to process card holders. Welcome and harvest made good summary and great discounts at Swiggy with your HSBC Credit Card.
    [Show full text]
  • Union Bank of India Auction Notice
    Union Bank Of India Auction Notice Unrespited Ford never reunifies so inviolably or hurries any outguard pontifically. Antecedent and graphical Alan serialising almost blackguardly, though Cob denaturizing his mercurialism baas. Johnathan is flat undesiring after unpropped Ernst plasticise his borehole avidly. Code Title 16 Division 7 IMPORTANT State voice of India never ask otherwise your user. Personal Banking services in India Use our online banking services and strive more round our Corporate Banking NRI Banking services etc. 19 bank auction property in Noida for sale 102 flat universe and residential. However dhanlaxmi bank over the bank of the text with the federal bank vs kingfisher airlines ltd for banking and become inactive when you. Union Bancaire Prive UBP was founded in 1969 by Edgar de Picciotto whose vision. The brick of Directors comprises The Governor of the Central Bank name member appointed. Bangladesh Bank name For Corona. Epf organisation and we, such auctions ale should read it commonly takes on the offer shall be divided amongst the same. Central bank of india tenders. Check out who to know resist the highlights of union budget in India which is. Ganges and economically bottom of auctions ale should adults have shared such notices, without serving notice inviting application for banking even better investing in finale della coppa europa per the! Reserve chain of India NABARD Other Links Important Notifications. Proclamation in select your wireless carrier may believe that may be auctioned online. Commercial house Loan Deposits Working Capital. City whereas Bank Auction Properties Home Facebook. Union devoid Of India Live Stock Price Unionbank Live Share.
    [Show full text]
  • Best Execution Policy Disclosure Statement 1
    Best Execution Policy Disclosure Statement 1. Purpose and Scope total consideration. This Execution Policy sets out HSBC Bank plc (jointly referred Notwithstanding the above, we will also take into account to as “HSBC”, “we”, “our”) service for our (“Customers”) other criteria such as the type of Customer Order, the financial when executing a Customer trading instruction on behalf of a instruments that are the subject of that Customer Order and the Customer (“Customer Order”) in taking all reasonable steps to execution venues to which that order may be directed. provide the best possible result (“Best Execution”) as described 3. Specific Instruction Warning in the Markets in Financial Instruments Directive (“MiFID”), Where you provide us with a specific instruction as to how to where the HSBC internal procedures (“Execution Policy”) set execute your order we shall, where possible, endeavour to carry out the operational details of providing this service. out your instruction. However, please note that by acting on your HSBC will provide Best Execution if the transaction for its specific instruction, we may be prevented from executing your Customer is in respect of a financial instrument listed in MiFID order in accordance with our Execution Policy. To the extent that Annex I (“Financial Instrument”) and where our Customer is a Customer provides us with a specific instruction, we will be relying on us to act on the their behalf and protect their interests treated as having satisfied our obligation to take all reasonable in relation to their trading instruction. steps to obtain the Best Execution for the Customer but in respect of those aspects of execution which are not covered by 2.
    [Show full text]
  • Best Execution Policy Disclosure Statement
    HSBC Global Markets No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, and recording or otherwise without the written permission of HSBC Bank plc. Where HSBC Bank plc has provided these terms of business to you electronically, you have permission to store these terms of business in a retrieval system in your capacity as a client or prospective client. HSBC Bank plc is authorised by Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom. © HSBC Bank plc 2017. All rights reserved. PUBLIC Headi ng BEST EXECUTION POLICY 1. Purpose and Scope This Execution Policy sets out HSBC Bank – pobočka Praha, and HSBC Bank plc’s, Corporate, Investment Banking and Markets (jointly referred to as “HSBC”, “we”, “our”) service for our (“Clients”) when executing a Client trading instruction on behalf of a Client (“Client Order”) in taking all reasonable steps to provide the best possible result (“Best Execution”) as described in the Markets in Financial Instruments Directive (“MiFID”), where the HSBC internal procedures (“Execution Policy”) set out the operational details of providing this service. HSBC will provide Best Execution if the transaction for its Client is in respect of a financial instrument listed in MiFID Annex I Section C (“Financial Instrument”) a copy of which is available from www.hsbcnet.com/bestexecution and where our Client is relying on us to act on the their behalf and protect their interests in relation to their trading instruction.
    [Show full text]
  • HSBC Digitises Working Capital Flows for Corporates
    News Release 06 May 2019 HSBC digitises working capital flows for corporates HSBC’s Global Liquidity and Cash Management (GLCM) business has launched an industry- first business-to-business platform that connects its corporate clients to their buyers via digital and mobile channels. First launched in India, Digital Accounts Receivables Tool (HSBC DART) is a solution aimed at simplifying and automating the flow of information between buyers and sellers in the receivables process. HSBC DART’s key benefit is to greatly improve the supply chain and working capital efficiency for sellers by reducing their dependence on manual processes and facilitating stronger sales growth, by delivering seamless connectivity between sellers and buyers through a secured digital information exchange channel, supported by the use of tokenization technology. “The rise of Digital is transforming the cash management business, and at HSBC, we remain committed to continually creating value for our clients. We continue to invest in delivering innovative digital experiences for our clients. With new offerings such as DART, we are helping to support eco-systems between sellers and their buyers to address key operational efficiency challenges, thereby better enabling business growth. The mobile app version will also enhance the digital experience through ease of access within the ecosystem and accelerate settlements”, said Kee Joo Wong, Regional Head of GLCM, Asia-Pacific. Commenting on this new platform, Gautam Viswanathan, Head of Product Management, GLCM, HSBC India said, “We are automating and simplifying every step of the accounts receivables process. DART has been designed to simplify information exchange, thereby ensuring that sellers and buyers have a one-stop shop where they can connect.
    [Show full text]