Singapore-headquartered DBS has teamed up with Xero, a cloud-based accounting software platform, with the aim of offering SMEs a simpler way to apply for loans and access working capital. This partnership will provide Xero clients the option to share their transactions from Xero’s platform to DBS. Meanwhile, DBS would be able to offer Xero’s clients hyper-personalized credit terms and working capital limits which are designed to cater to their immediate business needs. Lately, DBS has been striving to improve its digital lending capabilities in a bid to offer its SME customers more intelligent and intuitive lending solutions.
