IPDC wins ADFIAP award for supply chain finance

block
Business Desk :
IPDC Finance Limited, have won the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) awarded for its outstanding Development Project Award by Philippines-based.
The company was adorned with the accolade by the ADFIAP Awards Board in Category 5 (Technology Development) for its Supply Chain Finance project. The awarding committee handed over the reward to the winner during the 43rd ADFIAP Virtual Annual Meeting held through online recently, said a press release.
Since 1997, ADFIAP honors member banks or non-banking financial institutions that undertake or assist projects that have created a development impact in their respective countries. Last year, Managing Director and CEO of IPDC Finance, Mominul Islam, was awarded the award for Outstanding CEO by ADFIAP.
On 5 December 2019, IPDC launched ORJON, the first-ever blockchain-based digital Supply Chain Finance platform in South East Asia, with support from DFID and technology partner IBM. It was designed and implemented by IPDC to promote financial inclusion of Micro, Small & Medium Enterprises (MSMEs) by providing easy access to low-cost Supply Chain Finance in collaboration with corporate bodies, creating an ecosystem for the end-to-end supply chain management.
block