SME financing challenges continue with MAS initiative hitting snag

(Small and Medium Enterprises) SME financing challenges have only been exacerbated by the¬†current slowdown in the domestic economy.¬†Last year, the Monetary Authority of Singapore (MAS) said it was working with local and foreign banks to explore a shared services platform for doing corporate Know-Your-Customer (KYC). KYC was to have been a system by which banks … Continue reading SME financing challenges continue with MAS initiative hitting snag