KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) has entered into a collaboration agreement with Dagang Nexchange
Bha (DNeX), through DNeX’s subsidiary company SealNet Sdn Bhd, to offer its trade finance and insurance products and services online for the trade facilitation and logistics community.
Under the agreement, financial and insurance products and services provided by Exim Bank will be integrated into the SealNet portal, and is expected to go live by mid 2020.
The agreement was signed yesterday and witnessed by Deputy International Trade and Industry Minister Ong Kian Meng.
The SealNet portal is a Web-based digital platform for total cargo and trade management services that connects exporters and importers with all relevant parties, such as freight forwarders and customs, and enables the exchange of trade data digitally. Targeted at businesses in the trade facilitation and logistics sector, SealNet converges supply chain and cross-border logistics processes to simplify cargo and trade management systems and approaches.
On this alliance, Exim Bank president and chief executive officer Datuk Nazri Abdul Rahim said: “The collaboration with DNeX is in line with efforts to meet our mandate in stimulating and enhancing the competitiveness of Malaysian industries for exports and investments globally via the provisioning of internationally and domestically competitive banking and insurance products and advisory services.
“The arrangement of finances and insurance will be streamlined through one single platform to better enable and empower cross-border businesses in a speedy manner.” — Bernama
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