Lending Company

Transaction Banking Solutions for Lenders: How to Eliminate Risk in Lending?

Lenders offering receivables financing, trade financing, and factoring solutions typically rely on payments from the end buyers of their borrowers as the primary source of repayment. However, if the end buyer mistakenly pays the borrower directly-whether due to administrative oversight or the absence of a formal invoice assignment-the lender faces heightened credit risk. The borrower may delay the remittance or default entirely, leaving the lender without recourse. Without proper safeguards on payment flows, lenders risk losing control over their repayment streams, jeopardizing liquidity and financial stability.

Even well-structured lending carries risk without effective payment controls. With the right safeguards, lenders can mitigate repayment risk, minimize delays and confidently expand their loan book.

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Common Challenges

Are your borrowers facing challenges getting buyers to update payment account details in your favor?

With our Named Virtual Accounts (VAs), borrowers receive unique account numbers in their own name. This allows buyers to continue making payments as usual – no changes or disruptions to their existing processes. The result: smooth collections for borrowers, full visibility and control for lenders.

Do you face challenges in controlling repayments if the buyer pays directly to the borrower?

The SingX Payment Control Solution with its Automated Sweep Facility solves this challenge seamlessly. Funds received in the borrower’s Named Virtual Account are instantly and automatically transferred to the lender – no manual intervention needed. This reduces errors, improves accuracy, and frees your team to focus on higher-value tasks.

Do you face challenges in reconciling repayments across multiple borrower accounts?

With SingX’s Virtual Account setup, lenders gain access to a single, consolidated dashboard showing payment statuses for all borrowers. This centralized view simplifies reconciliation, enhances transparency, and accelerates decision-making.

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About SingX

SingX is a neobank headquartered in Singapore. Established in 2014, we are licensed as a Major Payment Institution by the Monetary Authority of Singapore-enabling us to hold funds, facilitate currency conversions and process global receipts and payments with speed and efficiency. We are also licensed in Hong Kong and Australia.

Safe, Secure and Fully Regulated

Operating under stringent regulatory oversight, in three of Asia's leading financial hubs, SingX partners with top-tier banks to ensure a secure and reliable financial infrastructure. Our advanced technology platform is built for both security and ease of use-delivering a seamless user experience.