Mr. Lim retired as ASEAN Vice Chairman of Standard Chartered Bank in May 2017. He was with the bank for over 28 years and had held many senior roles, including Regional Chief Executive of ASEAN, Chief Executive of Singapore, Executive Vice Chairman and Chief Executive of Standard Chartered Bank (China) Limited.
Mr. Lim had also served on several of the bank’s subsidiary boards. He is recognised for his leadership in driving the growth of Standard Chartered Bank’s China franchise and the transformation of its Singapore and regional business.
“We are delighted to welcome Mr. Lim Cheng Teck as Chairman of the Board of Minterest. Mr Lim’s extensive background and wealth of experience in the finance and banking sector will be instrumental in steering Minterest’s efforts in offering innovative financing solutions for the unbanked and underserved SMEs in Singapore and around the region. We look forward to working closely with Mr. Lim on various strategic initiatives to build a stronger and more inclusive financial eco-system, one that serves and not rules,” – says Ms. Charis Liau, CEO and Co-founder, Minterest.
” I have known the Minterest founding team for over a decade. The financial services industry is facing a wave of digital innovation that will ultimately reshape the way we see and approach the financial sector. I believe that with financial inclusion, people’s lives will experience a positive change. Having worked with the Minterest founding team previously, I am confident that Minterest, through the use of finance and technology, will be in a position to empower the underserved and unbanked in this great region that we live in. I look forward to sharing my perspectives and expertise to continue the growth of Minterest, ” – says Mr. Lim Cheng Teck, Chairman, Minterest.
Minterest is an innovative digital peer-to-business lending platform, set up with the aim to connect and empower SMEs borrowers and investors to achieve their respective financing and investing needs through financial inclusion.
Through technology, Minterest bridges the SME loan financing gap in a fast and efficient manner, empowering borrowers and investors onto the Minterest platform such that borrowers and investors can be matched together, fulfilling their financing and investment needs respectively and effectively.
Minterest’s propriety credit scoring model, algorithm, and work flow allow loans to be processed within hours thereby empowering SMEs to raise financing quickly to turbocharge their businesses, bringing their future to the present. Investors are empowered to take charge of their investments through easy diversification of bite-size deals and convenient real-time online monitoring of their investments.
“We are thrilled to have Mr. Lim join us on this journey to build the leading pan-ASEAN digital lending platform” – adds Ms. Liau.
Mr. Lim currently serves on the advisory board of Sim Kee Boon Institute for Financial Economics (Singapore Management University) as well as the board of Special Needs Trust Company Limited (SNTC) and is presently Chairman of Bright Vision Hospital. He has an MBA from Brunel University London, and a BA in Economics from the National University of Singapore.
This article was contributed by Fintech News Singapore