Cambodia and Singapore Jointly Launch the FTC
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2024-07-09
Cambodia and Singapore Jointly Launch the FTC
Under the witness of the leaders of Cambodia and Singapore, the financial institutions of the two countries officially launched the "Financial Transparency Corridor" (FTC) project in Singapore. This is a digital infrastructure platform jointly initiated by the banking sectors of the two countries, aiming to better utilize the data of small and medium-sized enterprises, assess credit risk, and promote the facilitation of cross-border trade and financial services.The Governor of the National Bank of Cambodia stated that the project will enhance the quality, transparency and trust of the financial data in the two countries, providing better financing support for small and medium-sized enterprises. This is of great significance for promoting regional economic development, and reflects the joint efforts of the industry in promoting financial cooperation.