{"id":234481,"date":"2021-10-11T11:49:00","date_gmt":"2021-10-11T11:49:00","guid":{"rendered":"https:\/\/wpinternaltrial.olea.net\/?p=234481"},"modified":"2024-07-08T07:54:45","modified_gmt":"2024-07-08T07:54:45","slug":"standard-chartered-and-linklogis-launch-supply-chain-finance-platform","status":"publish","type":"post","link":"https:\/\/wpinternaltrial.olea.net\/standard-chartered-and-linklogis-launch-supply-chain-finance-platform\/","title":{"rendered":"Standard Chartered and Linklogis launch supply chain finance platform"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

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Standard Chartered and Chinese fintech Linklogis will establish a new supply chain finance marketplace in Asia after inking a joint venture agreement.<\/p>\n

The bank says the platform, to be called Olea, will bring together businesses looking for supply chain financing with \u201cinstitutional investors seeking opportunities in an alternative asset class\u201d.<\/p>\n

Olea is planned to be operational by the end of 2021, subject to regulatory approval of the joint venture, according to Amelia Ng, who will become its CEO. Letitia Cha, Linklogis\u2019 vice-chairperson and chief risk officer, will be deputy CEO.<\/p>\n

In January last year Standard Chartered took an equity stake in Linklogis, listed on the Hong Kong stock exchange, after the two\u00a0<\/span>signed an agreement<\/strong><\/a>\u00a0<\/span>under which the fintech would help the London-headquartered lender grow and digitise its offering in China while enabling Linklogis to expand its technology globally.<\/p>\n

The pair have global ambitions for Olea, which will be run from Singapore. \u201cGiven the headquarters\u2019 proximity to Asia, as well as the region being the world\u2019s largest manufacturing region, Olea will initially focus on Asia and expand its geographic focus as the business grows,\u201d Ng tells\u00a0<\/span>GTR<\/strong>.<\/p>\n

\u201cBy marrying Standard Chartered\u2019s international trade and risk management expertise and unparalleled knowledge of Asia, Africa and the Middle East with Linklogis\u2019 innovations in supply chain technology, Olea is uniquely positioned to reinvent trade finance and be a force for good,\u201d she says in a separate statement.<\/p>\n

\u201cOlea aims to disrupt today\u2019s trade finance model by matching suppliers\u2019 financing needs with alternative liquidity from investors seeking a compelling asset class linked to the real economy.\u201d<\/p>\n

The new platform will also draw on Linklogis\u2019 artificial intelligence and blockchain capabilities, according to the statement.<\/p>\n

Asked to elaborate, Ng says the technologies will \u201cenable the supply chain participants in our platform to gain trusted insight and transparency to their financing transactions, allowing investors to understand their risk and manage their portfolio with greater confidence\u201d.<\/p>\n

Standard Chartered offers supply chain financing in its own right in Asia, but Ng said Olea\u2019s business model differs from banks\u2019 because it will offer \u201calternative liquidity from investors\u201d.<\/p>\n

\u201cOlea\u2019s rigorous risk analytics and secure platform offers investors access to investment options for returns that align with their risk profiles,\u201d the bank\u2019s statement says.<\/p>\n

Linklogis founder and CEO Charles Song says the company is China\u2019s largest tech solution provider for supply chain finance. The fintech \u201ccan bring its top-notch operating experiences and industry-leading technologies into Olea\u201d, he says. \u201cWe believe that the joint effort between the two firms can take the lead in operating a flexible, sustainable and scalable supply chain financing business proposition\u201d.<\/p>\n

Standard Chartered and Linklogis\u00a0<\/span>completed<\/strong><\/a>\u00a0<\/span>a joint deep-tier supply chain financing transaction in August 2019.<\/p>\n

In July this year Linklogis was targeted by Valiant Varriors, a short seller group. It alleged the company had misled investors about its reliance on China\u2019s stressed real estate sector and had debt-to-equity ratios far exceeding regulatory limits for factoring enterprises.<\/p>\n

In response, Linklogis said the report contained \u201cmultiple misrepresentations, false allegations and obvious factual errors\u201d, adding that its institutional investors had backed the company in the wake of the allegations.<\/p>\n

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Standard Chartered and Chinese fintech Linklogis will establish a new supply chain finance marketplace in Asia after inking a joint venture agreement.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"\n

Standard Chartered and Chinese fintech Linklogis will establish a new supply chain finance marketplace in Asia after inking a joint venture agreement.<\/p>\n","_et_gb_content_width":"1200"},"categories":[10],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/posts\/234481"}],"collection":[{"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/comments?post=234481"}],"version-history":[{"count":5,"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/posts\/234481\/revisions"}],"predecessor-version":[{"id":234791,"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/posts\/234481\/revisions\/234791"}],"wp:attachment":[{"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/media?parent=234481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/categories?post=234481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpinternaltrial.olea.net\/wp-json\/wp\/v2\/tags?post=234481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}