Indonesian state lender Bank Mandiri has partnered with fisheries supply chain FishLog to drive the growth of small and medium-sized enterprises (SMEs), while Standard Chartered’s fintech investment and ventures capital arm has launched audax, a digital banking platform.
Bank Mandiri partners with FishLog to support MSMEs
Indonesian state lender Bank Mandiri has partnered with fisheries supply chain FishLog to drive the growth of small and medium-sized enterprises (SME).
The partnership will enable SMEs to access financing, especially in the fisheries industry sector, according to a press release. Bank Mandiri aims to disburse loans worth 50 billion rupiah through the FishLog platform.
“The collaboration between FishLog and Bank Mandiri can open opportunities and access at FishLog’s 45 operational points in Indonesia to access financial services, in line with our mission to create inclusive digital financial access,” said Bayu Mukti Anggara, CEO of FishLog.
This initiative is part of Bank Mandiri’s efforts to strengthen loan distribution through collaborations with various digital companies and P2P lending fintechs in the country.
SC Ventures launches digital banking platform
Standard Chartered’s fintech investment and venture capital arm has launched audax, a digital banking platform, according to a release.
audax provides an end-to-end digital banking platform designed to handle a high volume of customer data. The platform’s infrastructure-agnostic technology also enables banks to pursue modern digital transformation without the need for in-house development or migration.
Kelvin Tan, the former managing director and global head of SC nexus, will lead audax as its CEO.
“We are now ready to scale it for other banks and financial institutions globally, helping everyone create better value for their business without risking their existing estate,” said Kelvin Tan, CEO of audax.
Headquartered in Singapore, audax aims to become a home-grown global technology company. The fintech is focused on accelerating the technology ecosystem starting with the APAC region.