- ON DIGITALISATION, SUPPLIERS' FINANCING AND ESG
Leading real estate advisor, Savills (Singapore) Pte Ltd, today announced a 
strategic partnership with neobank banco platform, a Singapore FinTech company.

The two groups intend to digitise financing solutions in the property industry 
with an immediate focus on improving access and more competitive financing 
options to suppliers and service providers, enhancing sustainability practices 
through accredited green financing options.

Transforming payments through digital processes, neobank banco platform (i.e. 
online only financing), simplifies the issuance and payments between Strata 
Management stakeholders creating greater transparency, compliance, and 
governance for all. At the same time, banco and Savills will provide easy 
access to supply chain financing and early payment solutions to the many small 
to medium enterprises in the sector, making cash and working capital management 
solutions more readily available at a lower cost, to a group who have 
historically found access to such solutions expensive and difficult to manage.

In line with Singapore's aspirational "Green Plan 2030" and given Deloitte's 
estimate that the property sector is responsible for 40 per cent of global 
carbon emissions, there is a need for every aspect of the property management 
supply chain to work on reducing its carbon footprint. In creating a payment 
and financing gateway, the team will create an ecosystem around "green 
financing" which will ultimately power local businesses' access to supply chain 
financing to assist in reducing their own carbon footprint.

Technology will continue to play a critical role in overcoming the industries 
many challenges, whether digitising current processes, leveraging new 
technologies to ease the manpower crunch or adopting a more data-driven 
approach to solving solutions, all will make the industry future-fit.

Marcus Loo, Chief Executive Officer, Savills Singapore, said: "This strategic 
partnership with a Fintech specialist like banco platform will truly enable us 
to elevate our service offering to clients in the MCST industry. Savills is 
excited to roll out some of the platforms that will help resolve our clients' 
pain points by digitally connecting the payment ecosystem on to a single 
platform, making the entire payment process efficient, transparent, and 
hassle-free."

"The property management sector has a lot of potential to leverage technology. 
We are therefore delighted to be partnering with Savills, Singapore's largest 
private MCST Managing Agent, to ease many of the problems this industry faces 
in transforming their payments, banking and financing processes, making them 
more accessible, more efficient and future-proof businesses," said Lincoln Yin, 
Co-founder and CEO of banco platform.

"This is an exciting collaboration bringing together Savills' extensive 
property management portfolio and industry expertise with banco platform's 
cutting edge FinTech capabilities, and in doing so bring meaningful solutions 
to the industry and playing our part to improve ESG. I truly believe this will 
become a widely adopted solution platform not just in Singapore, but one for 
the whole region," commented Chris Marriott, CEO South East Asia, Savills.

About Savills
Savills is a leading global real estate service provider listed on the London 
Stock Exchange. The company, established in 1855, has a rich heritage with 
unrivalled growth. It is a company that leads rather than follows and now has 
over 700 offices and associates throughout the Americas, Europe, Asia Pacific, 
Africa and the Middle East.

About banco platform
Founded in 2018, banco platform launched by RootAnt Group, is a Singapore-based 
FinTech company with investors such as SBI group, a financial services company 
group based in Tokyo, Japan (TYO: 8473), R3 and other strategic investors. 
Through its product offerings, the firm solves current challenges faced by SMEs 
by providing better, faster and cheaper financial and enterprise solutions on 
the digital financing platform.


Source: Banco

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   Caption: SAVILLS PARTNERS WITH SINGAPORE NEOBANK BANCO PLATFORM