Singapore-based Keppel TatLee Finance KTF will target the small and medium enterprise SME market with its first business-to-business B2B online offering - e-factoring. Cash-strapped SMEs will be able to raise working capital by assigning its accounts receivable to the bank, online.
KTF will be rolling out the service in three stages. Firstly, customers will be able to make enquiries and receive replies as to the status of their credit lines online. KTF will also respond to enquires via short messages sent to customers on their mobile phone or pager. In the next stage, customers will be able to use the internet-based software to increase or...
