{
Nikhilesh Goel

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GXS Bank acquires Validus Singapore unit to enhance business banking services

GXS Bank has acquired Validus Investment's Singapore unit to enhance its business banking services, with the deal expected to finalize by April 15. This acquisition includes Validus' customer base, technology, and loan portfolio, which has provided over US$1 billion in financing to SMEs since 2015. GXS aims to grow its SME loan book significantly and plans a full launch of its business banking services by the third quarter of 2025, focusing on partnerships with fintechs in Singapore and Malaysia.
Tech in Asia
United States Dollar SGP IDN THA Nikhilesh Goel Vishal Shah Show more
Business & Industry, News Article
07:18 14.04.2025
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