Webinar on Leapfrogging Technology in Receivables Finance
Receivables finance has been identified as a tool to help SMEs to gain access to working capital finance and a growing business area for financial institutions. However, according to a study undertaken by McKinsey, receivables finance is still often manual and fragmented. In another study by the ICC global trade finance survey, 60% of banks do not have receivables finance or SCF platform. Lack of an e-platform has been identified as a key challenge in this business.
Investment cost in software and hardware as well as in manpower have deterred banks or non-deposit-taking players from developing internal e-platforms. Fortunately, with the advent of technology, this need not be the case. Through this webinar, you will be able to find out how you can leapfrog into the new technology and leverage the state-of-the-art digital platform without incurring major initial capital outlays by using cloud solutions, usage-based services, etc.
- 09:00 - 09:10
- WELCOME REMARKS
- Ms. Phal Theany, ABC Secretary General
- 09:10 - 09:30
- SEVERAL OPTIONS OF TECHNOLOGY IN RECEIVABLES FINANCE
- Jinchang Lai, Principal Operations Officer, Financial Institutions Group Asia Pacific, IFC
- 09:30 - 10:30
- LEVERAGING TECHNOLOGY IN RECEIVABLES FINANCE & SYSTEM DEMONSTRATION
- Mr. Kheng Leong Lee, HPD Lendscape
Speakers:ENG LEONG LEE
- 10:30 - 11:00
- DISCUSSION AND Q&A
- 11:00 - 11:10
- CLOSING BY IFC REPRESENTATIVE
ENG LEONG LEEASIA PACIFIC REPRESENTATIVE AT HPD LENDSCAPE
Lee Kheng Leong is the Asia Pacific Representative of HPD Lendscape, the world’s leading SCF and Asset Based Lending platform. A veteran in the factoring industry, he acquired his factoring expertise from training attachment with factoring companies in the US and UK in 1978 . Upon his return he set up DBS Factors an independent factoring company providing both domestic and international factoring to SME . When DBS Factors was absorbed into DBS in 2001, he became the head of DBS regional factoring providing factoring services to companies ranging from SME to large corporate. In 2012 , he became the MD of Bibby Financial Services Singapore which is subsidiary of Bibby Financial UK , the world’s largest independent factoring company.
In 2015 he became the first Asia Chapter Director of FCI , the world’s largest independent factoring organization. As the Asia Chapter Director he traveled widely in Asia to promote international factoring in both emerging and developed market .
When he was in DBS , he was very active in FCI and was a member of the Marketing committee and Education committee. He became the Asia Pacific Representative of HPD Lendscape in 2020 .