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HONG KONG,19 May 2020 -

In an all-out effort to help SMEs with their digital transformation journey during COVID-19, DBS Hong Kong and cloud-based accounting software solution Financio, today announced a first-of-its-kind partnership in Hong Kong to transform how businesses manage their finances anytime and anywhere.

Understanding cash flow uncertainties is one of SMEs top challenge. The integration between DBS business account and Financio is done digitally without the need to visit branches nor fill in a paper form. Once connected, data can flow securely and automatically into Financio each day, enabling SMEs to save time, avoid human errors, and have up-to-date view of their cash flow.

Key benefits:

• Easy Reconciliation: Receive daily bank feeds and reconcile the transactions
• Support:
• Cantonese-speaking help desk
• Help is right at your fingertips with Financio’s in-app chat support
• Traditional Chinese and English interface available

“As a leader in SME banking, DBS Hong Kong fully understands the needs of SME customers, particularly during the current challenging environment. With many small business owners spending countless hours manually importing and reconciling their bank statements every month, we believe our pioneering partnership with Financio helps equip our SME customers with true efficiency and productivity gains, so that they can focus on growing their business,” Alex Cheung, Managing Director and Head of Institutional Banking Group, at DBS Hong Kong, said.

“We are excited to extend our regional partnership to include DBS Hong Kong. With over 100,000 customers already in Hong Kong, we understand the challenges SMEs face. Limited access to capital, workforce shortages, the pressure to sustain and grow both domestically and globally are all part of the daily struggle. Now more than ever, SMEs are looking for local, cost-effective solutions to streamline business processes and ensure good cashflow visibility. Our strategic partnership delivers an unabridged offering that will enable SMEs to save time and money - resulting in greater business prosperity,” Rhys Brown, CEO at Financio, said.

Incentive to support SME’s digital transformation:

DBS Hong Kong customers subscribing to the Financio Premium service can enjoy a 30-day free trial period, and nearly 20% discount off the price of Financio’s annual plan when subscribing to the service during the trial period.

For more information and offer details, please visit https://www.dbs.com.hk/sme/day-to-day/ways-to-bank/financio or https://financio.co/en_hk/hongkong.

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About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. 

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 28,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

About Financio

Financio is an all-in-one online cloud accounting software designed for small businesses. Financio delivers real-time reports, automated bookkeeping, invoicing-purchasing, management of cash flow, and tax. Developed with a multilingual Interface and multi-currencies ready, Financio is simple and easy to use, even for the non-accountants. Connect to Financio in just a few clicks to get a single overview of your finances.

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