- Anext Bank doubled its customer base, driving a 6x increase in cross-border transactions.
- Singapore clients expanded globally, while international talent flocked to the bank.
- Anext empowers MSMEs to access global markets through technology and innovation.
Anext Bank, a Singapore-based digital wholesale bank and subsidiary of Ant Group, has been on a growth spree over the past year.
The bank more than doubled its customer base, sending cross-border transactions soaring by a whopping 6x year-on-year.
Singapore clients go globe-trotting
MSMEs in sectors like wholesale and retail trade, professional services, and information technology have been the driving force behind this impressive growth.
Anext Bank’s Singapore clients have caught the travel bug, venturing into exotic markets like mainland China, Hong Kong, the US, and other parts of Southeast Asia.
CEO Toh Su Mei declared that internationalization is no longer the exclusive domain of big shots, exclaiming, “Through technology and innovation, MSMEs can now easily access global markets.”
A melting pot of global talent
The bank has become a magnet for international talent, with a surge in Singapore-incorporated clients owned by non-Singaporeans.
These global trendsetters make up about 31% of its clients, hailing from a mind-boggling 78 nationalities, including mainland Chinese, Indonesians, and South Koreans.
Anext Bank is clearly the place to be for MSMEs with world-domination ambitions.
To read the original article: https://www.techinasia.com/anext-bank-grows-customer-base-increases-crossborder-transactions
