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Malaysia-based TFX Islamic introduces SCF platform

Tuesday 17 November 2020 12:38 CET | News

Fintech TFX Islamic has launched an Islamic supply chain finance platform which will enable high potential SMEs to scale their business to the next level, according to thestar.com.my.

The Islamic supply chain finance platform, which was targeted at the local and regional market, would assist SMEs during the current challenging economic conditions amid the COVID-19 pandemic. TFX Islamic considers that the supply trade financing landscape has evolved and businesses are seeking different avenues to improve the supply chain significantly. Corporations can potentially save millions of ringgit worth of finance-related costs by implementing supply chain financing, which leverages on financing cost arbitrages between buyers and sellers to optimise their working capital needs, according to TFX Islamic staff, as related by thestar.com.my.

The TFX Islamic platform provides real time transaction process, data analytics, and a new approach to risk mitigation and credit assessment. TFX Islamic belongs to Seabridge TFX of Singapore, which is part of the Refinitiv Group (previously Thomson & Reuters) and Seabury TFX of Hong Kong.


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Keywords: TFX Islamic, SCF, supply chain finance, platform, product launch, fintech, COVID-19, pandemic, trade finance
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: Malaysia
This article is part of category

Banking & Fintech