Trade Digitalisation

Trade Digitalisation

Driving seamless connectivity for cross-border trade with digital solutions

Trade Digitalisation

Driving seamless connectivity for cross-border trade with digital solutions

At a glance

At DBS, we co-create digital solutions with you to take the friction out of managing your cross-border trade and supply chain.

We do this by leveraging a number of our award-winning digital solutions, including DBS RAPID which integrates digital banking and data services into your business platforms via APIs, and through our strategic partnerships with trade financing, eCommerce and procurement platforms providing blockchain-based ecosystems solutions.

All of our core digital trade solutions are fully integrated and interoperable with our award-winning online banking platform – DBS IDEAL.

DBS RAPID

DBS RAPID is a digital solution that leverages DBS’ application programming interface capabilities. RAPID facilitates business transactions within your ecosystem by integrating real-time processing of trade transactions and information enquiries into your business workflows.

Types of Trade APIs​

With the world’s largest corporate API catalogue of over 200 highly modular APIs we can mix and match multiple APIs to give you a competitive edge across the customer trade journeys in your industry. Some examples include:

  • Purchase invoice financing
  • Sales invoice financing
  • Direct export collection
  • Import letter of collection
  • Import bills under letter of credit
  • Import bill collection
  • Banker’s guarantee
  • Supplier payment services
  • Distributor finance
Strategic partnerships

We also use our platform agnostic APIs to power strategic partnerships with key trade platforms and industry-wide ecosystems, to dematerialise trade processes, drive sustainability and open new trade horizons for our clients. 

Contour

DBS has partnered with R3’s Corda blockchain trade-finance network Contour to digitalise end to end global trade processes such as the creation, exchange, approval and issuance of letter of credit. The solution helps our clients to:

  • shorten settlement times and increase accuracy
  • reduce complexity and paperwork
  • resolve discrepancies in real-time
  • track transaction statuses with a full digital audit on-demand
Electronic Trade Platforms (ETP)

DBS is working with a number of ETPs to provide e-Application, e-Advising and e-Presentation services across a wide range of trade solutions such as Banker’s Guarantee, LC issuance, LC advising and Export Document presentment. Some of the ETPs we are currently working with, include:

  • ELCY
  • essDOCS
  • Bolero
SWIFT Trade for Corporates

DBS is SWIFT Trade for Corporates ready, providing full MT798 multibank trade services to corporates to streamline their trade flows and messaging.

Key products supported include import and export letters of credit, guarantees and standby letters of credit.

Case studies

Our client casebook features several recent trade digitalisation programmes undertaken with our valued customers and explains how our distinctive digital capabilities have transformed their businesses.

case book cover

Learn how our clients have opted for API and blockchain solutions as the most effective way to digitalise their operations and drive sustainability. See how using our digital solutions leads to:

  • greater efficiency
  • increased trace-ability
  • mitigated risks
  • enhanced working capital

Download casebook

Client stories

Driving sustainability through the blockchain

“We are able to provide our customers and bankers with an unparalleled level of traceability in the supply chain.”

Agrocorp

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Digitalising trade and driving sustainability

“DBS’ successful digital strategy fits our digitisation strategy to make a difference in the natural rubber industry.”

Halcyon

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BAIC CCL

Enhancing transparency in the supply chain

“The blockchain solution enables participants to improve efficiency and deliver innovative supply chain financing services.”

BAIC CCL

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KPIT

Improving cashflow through ARP

“DBS managed to implement it in just 30 days. It has significantly improved the DSO in our last quarter.”

KPIT

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Awards
Global Finance

Global Finance

The World's Best Digital Bank Awards

  • Most Innovative Digital Bank, APAC, 2019-2020
  • Best Corporate / Institutional Digital Bank, Singapore, 2020
  • Best Trade Finance Services, APAC, 2020
Global Finance

Global Finance

The World's Best Trade and Supply Chain Finance Provider

Best New Application of Technology in Supply Chain Finance, 2020 (Blockchain-based supply chain management platform Rong-E Lian)

Global Finance

Global Finance

The Innovators Awards

Trade Finance, Global, 2020 (DBS Digi-Onboarding)

The Asset

The Asset

Treasury, Trade, Sustainable Supply Chain and Risk Management Awards

Best Service Provider E-Solutions Partner, Singapore & Indonesia, 2020

Global Finance

Global Finance

The World's Best Digital Bank Awards

  • Most Innovative Digital Bank, APAC, 2019-2020
  • Best Corporate / Institutional Digital Bank, Singapore, 2020
  • Best Trade Finance Services, APAC, 2020
Global Finance

Global Finance

The World's Best Trade and Supply Chain Finance Provider

Best New Application of Technology in Supply Chain Finance, 2020 (Blockchain-based supply chain management platform Rong-E Lian)

Global Finance

Global Finance

The Innovators Awards

Trade Finance, Global, 2020 (DBS Digi-Onboarding)

The Asset

The Asset

Treasury, Trade, Sustainable Supply Chain and Risk Management Awards

Best Service Provider E-Solutions Partner, Singapore & Indonesia, 2020

Get in touch
Call

Call

From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)