Russia-Singapore Business Council and Novikombank signed the Cooperation Agreement

On July 7, 2019 on the margins of the SPIEF a Cooperation Agreement was signed between the Russia-Singapore Business Council and Novikombank.

The main area for cooperation will be joint development and use of the infrastructure of the Russia-Singapore Business Council in Russia and Singapore, including the digital information and service B2B Platform RSTrade. For today, the first stage of the integration of RSTrade with the Singapore CamelONE logistics platform has been completed. It makes it possible to automate the entire transaction process, from purchasing goods to door-to-door delivery. Within the next stage banking services of Novikombank will be integrated with the platform interface. This will mean another step to the full automation of trade flows between the EAEU and ASEAN.

It is also planned to implement joint projects on formation of new digital financial services. The parties seek to consolidate existing, as well as search and develop new long-term partnerships in Southeast Asia.
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