KUALA LUMPUR (Sept 15): UOB Malaysia has enhanced its digital banking platform, UOB Infinity, with new financial supply chain management (FSCM) capabilities for its corporate clients.

The enhancements feature a broad range of FSCM solutions on a single platform, including procurement, payment, ordering, production, sales and collection, the bank said in a statement on Friday.

With these new capabilities, UOB Malaysia’s clients will be able to digitally connect with buyers, suppliers and distributors within their supply chain ecosystem in Malaysia, across Asean and Greater China, the bank said.

The bank’s clients will be able to digitally transmit and verify trade documents securely through the platform and request for financing digitally at different stages of the supply chain, including pre- and post-shipment supplier financing, distributor financing and accounts receivable purchasing.

These enhancements will give complete visibility and control of their cash, trade and FSCM transactions in one platform with a single login, UOB Malaysia said.

“Our insights reveal that companies have been incorporating digitalisation in their operations to meet new trade demands and requirements due to the reshaping of the global supply chain.

“UOB Infinity’s new FSCM capabilities connect our customers with their ecosystem of suppliers and distributors, allowing them a holistic view of their business while improving business efficiency,’ said UOB Malaysia’s executive director and country head of transaction banking Lucas Chew in the statement.

Malaysia is the third country to introduce the enhanced FSCM, after Singapore and Hong Kong.