SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for a few years
Negative highlights
- No employer brand presence on career platforms
- May not have contact information online
- No official business profile found on major search engines
Corporate Information
62011
Development of software and applications (except games and cybersecurity)
Contact Information for SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD.
SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD.'s Business Reviews
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Public Preview of SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD.
This is only a preview of the TrustScore results for SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD., showcasing a few facets of its business that we have analysed.
Evolving Stage
A brand in its evolving stage is one that is actively growing, refining, and expanding its market presence. They have gained certain traction in establishing foothold in chosen markets. These brands have defined their core identity, mission, and values and is continuously working to scale their operations, reach new audiences and adapt to changing market dynamics. They are in the process of continuous improvement and innovation, and focusing on customers engagement and feedback.
Key Characteristics
- Established Identity: SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. has a clear mission, vision, and values but may still change or update its messaging to reflect growth or new goals.
- Growing Awareness: It has a recognisable presence in its niche or industry but is working to expand its market reach. May be investing more in advertising, social media and partnerships.
- Scaling Operations: The brand is investing in infrastructure, personnel and processes to support future growth.
- Expanding Offerings: SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. is capable of introducing new products, services, or features to meet customer needs.
- Building Loyalty: Focused on deepening and entrenching relationships with existing customers while attracting new ones.
- Adapting and aligning to feedback: SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. is actively employing customer insights and market trends to improve the business
Why It Matters
- SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. represents growth, adaptability, and potential within the development of software and applications (except games and cybersecurity) sector.
- Having moved beyond the initial startup phase after 3 years, it's positioning for long-term success.
- Its ability to evolve and innovate often determines whether it becomes an industry leader.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. has been operational for a few years, showing some level of stability. While it shows some level of stability, it may still be in the process of establishing its reputation and credibility.
SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD. may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueAssociated News for SINGAPORE TRADE DATA EXCHANGE (SGTRADEX) TECHNOLOGIES PTE. LTD.
New Singaporean Venture Digitalizes Bunker Trading to Prevent Fraud
Singapore's public-private trade data partnership, SGTraDex, has launched an industry-backed initiative to digitalize bunkering transactions. The new trade platform went live on June 1 after a month of "soft-launch" testing. The initiative's objective is to use digitalization to head off any further oil-trading fraud scandals, like the high-profile failure of Hin Leong Trading in 2020. By building more transparency into transactions and making it hard to forge documents, the initiative seeks to attract more bankers back to the bunkering sector; many financial firms have shied away from paper-dependent bunker transactions after the multibillion-dollar loss caused by Hin Leong's fraudulent trade financing scheme. Singaporean prosecutors contend that Hin Leong used falsified documents in order to obtain tens of millions of dollars in trade financing, then failed to repay the money. By the time the firm's shaky finances finally fell apart, the business empire owed its creditors $3.5 billion - and only a fraction has been recovered since.
DBS announced that it has completed its first live transaction on the Singapore Trade Data Exchange (SGTraDex) – a digital data exchange that facilitates trusted and secure sharing of data between supply chain ecosystem partners. The transaction was done by way of an electronic bunker delivery note (BDN). The maiden transaction was completed with leading bunker player Kenoil Marine Services (Kenoil), in collaboration with mass flow meter data logger service provider Brightree. By digitalising the bunker delivery note, DBS, Kenoil and its counterparties are able to ascertain the trade data at source to validate the transaction details in a timely manner. This fosters greater trust and transparency across the trade ecosystem. The objective is to provide bunker players faster access to working capital and enhance their cash flow management, while providing a trusted and secure environment for banks and participants operating in the ecosystem.
DBS announced that it has completed its first live transaction on the Singapore Trade Data Exchange (SGTraDex) – a digital data exchange that facilitates trusted and secure sharing of data between supply chain ecosystem partners. The transaction was done by way of an electronic bunker delivery note (BDN). The maiden transaction was completed with leading bunker player Kenoil Marine Services (Kenoil), in collaboration with mass flow meter data logger service provider Brightree. By digitalising the bunker delivery note, DBS, Kenoil and its counterparties are able to ascertain the trade data at source to validate the transaction details in a timely manner. This fosters greater trust and transparency across the trade ecosystem. The objective is to provide bunker players faster access to working capital and enhance their cash flow management, while providing a trusted and secure environment for banks and participants operating in the ecosystem.
Singapore's new trade data sharing platform aims to stem fraud
A Singapore trade data sharing platform backed by banks, commodity houses and state firms has signed up 70 participants as part of the city-state's attempts to bolster confidence after a spate of commodity trade finance frauds in recent years. The Singapore Trade Data Exchange, whose founders include banks DBS and Standard Chartered, commodity trader Trafigura and the local tech regulator, Infocomm Media Development Authority, was launched on Wednesday (June 1) after plans were announced last year. "We're trying to replicate what's happening in the physical world," Antoine Cadoux, chief executive of SGTraDex Services, told Reuters. "The goal is to go paperless across the end-to-end process."
2 June 2022
DBS Completes First Live Transaction on Digital Data Exchange SGTraDex - Fintech Singapore
DBS has completed its first live transaction on the Singapore Trade Data Exchange (SGTraDex), a digital data exchange that facilitates trusted and secure sharing of data between supply chain ecosystem partners. The transaction was done by way of an electronic bunker delivery note (BDN). The maiden transaction was completed with leading bunker player Kenoil Marine Services, in collaboration with mass flow meter data logger service provider Brightree. DBS, Kenoil and its counterparties are able to ascertain the trade data at source to validate the transaction details in a timely manner by digitalising the bunker delivery note.
2 June 2022
S'pore boosts investments in quantum computing with 2 new programmes
He added that the country needs to remain open-minded on other emerging tech such as crypto assets and also increase public-private collaboration to unleash the Republic's potential. One example of the nation’s efforts to foster collaboration is the Singapore Trade Data Exchange (SGTraDex), which was launched at last year's ATxSG event. Mr Heng said the platform is a common data infrastructure for the sharing of regulatory, logistics and trade financing data, which will enable supply chain players to optimise cargo handling and operations and build confidence in trade financing. Three use cases have been successfully piloted over the past year to test the value of SGTraDex - strengthening the financing integrity of trade flows, enhancing end-to-end visibility of container logistics flows and digitalising the bunkering industry.
31 May 2022
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.
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