Bankee of FEIB and BZNK create the largest enterprise fundraising platform in Taiwan

        Aiming at the emerging market of personal to business (P2b) financial technology, the Far Eastern International Bank Bankee community bank, together with fusion $360 "bznk must be available" by far Eastern International Bank Provide solutions to protect check rights and cash flow, and jointly explore a new blue ocean of P2b check back ban market. It is expected that the market size will grow by a factor of 9, and it will be the next city for Bankee's open financial platform.

Four major financial services and a breakthrough

Fareastern International Bank and bznk can take the lead in the financial professional lineup. Bznk can build a complete enterprise fund-raising platform, create new fund-raising, bill financing, real estate financing and other services, and provide a capital turnover platform for small enterprises in Taichung city. At the same time, bznk can also provide a capital turnover platform with fareastern international bank Protect check rights and cash flow solutions to create a safer, friendly and faster investment environment for the people. According to Dai Songzhi, vice president of Far Eastern International Bank, "the original intention of the baap platform of Far Eastern International Bank community bank is to support new entrepreneurs to complete the last mile, build a complete business model, use the bank's services to protect consumers' rights and interests, and provide faster and more convenient financial technology services. This cooperation focuses on four major financial services and a breakthrough. The Far Eastern International Bank baap platform provides four major financial services, namely, bznk must protect check rights, fund custody, API cross flow, and customer mutual guidance. It helps bznk to break through the market where endorsement and transfer of bills are prohibited. It is expected that the market scale will be expanded at least nine times. This cooperation case is of great significance. It not only helps the newly established bznk to open the whole Taiwan bill market, but also indirectly helps the small and medium-sized enterprises with sound physique and single struggle in Taiwan to successfully raise funds from the mass market, maintain commercial operation, and even expand the enterprise's territory and continue to grow. "

Strong rod joint platform to meet the financing needs of small and medium-sized enterprises

Through cooperation with Far Eastern International Bank community bank, bznk's enterprise fund-raising platform provides complete financial flow services for small and medium-sized enterprises, micro businesses and investors with capital needs, and through the mechanism of deposit, it can do a good job in financial flow control for people and enterprises and ensure transaction safety. Lin Cangyi, founder of bznk, also deeply agreed with this innovation cooperation: "Taiwan's small and medium-sized enterprises often have to face the problem of fast payment but long receipt period, resulting in the larger the business, the tighter the cash flow and the shortage of working capital. Bznk's fund-raising platform is to solve the biggest pain point of SMEs through financial technology. Since its establishment in 2017, it has matched nearly one thousand cases. On average, it only takes 15 minutes to match a case. It has successfully financed 640 million SMEs, growing every month. But in fact, we have to bear the pain to refuse 90% of the corporate customers, because most of the corporate accounts receivable are forbidden to carry cheques, because the names of cheques are forbidden to carry and transfer, in case of default, we can't help investors retain the money. "Lin Yanjun, another founder of bznk, continued," until we met far Eastern International Bank, we finally broke through this limitation! Bankee social bank provides an open financial platform (baap; bank as a Platfom), providing various types of open for cross industry and new innovation API is used to connect various financial services. Bankee social bank has the same idea with us to help more small and medium-sized enterprises. It is even willing to customize the mechanism to protect the right of check and establish a safe investment platform for the people. We jokingly say that it is now upgraded to BBS (Bankee bznk safety) platform. "The average accounts receivable of small and medium-sized enterprises is 75 days. For enterprises, there is often a situation that the funds are too late for emergency. Bznk must be able to use financial technology to provide more convenient financing channels for Taiwan's small and medium-sized enterprises. After the enterprise's fund-raising cases are listed through professional credit evaluation, the enterprise owners can receive the funds within three days as soon as possible, and more than 70% of users can complete the matchmaking on the same day. Investors can make use of the difference between discount rate and accounts receivable to obtain better investment profits, use the complete gold flow tandem service of Far Eastern International Bank to make investment more rapid and convenient, and use financial technology to create a win-win situation for small and medium-sized enterprises and the investing public.