Bank of Tokyo Mitsubishi adds to Asia team

The Bank of Tokyo Mitsubishi UFJ (BTMU), whose products include accounts receivable purchases programs, asset-based lending and supply chain finance, has announced the hires of four senior people in its Asian transaction banking team

ADB: SMEs need more access to credit

According to the “Asia SME Finance Monitor 2014” report by the Asian Development Bank (ADB), the Philippines and other economies in Asia have made progress in addressing the SMEs’ limited access to credit, but a lot more needs to be done

Trade Finance Market platform launches

New business platform Trade Finance Market (TFM) has launched, enabling investors to tap into an asset class worth USD12trn every year and earn higher returns by funding shipments of physical goods, whilst also helping exporters sell their receivables quickly and easily

Breaking with tradition

Kheng Leong Lee, Asia Chapter Director at Factors Chain International, comments on the growth of Asian corporates favouring receivables financing