The race to build the world’s AI infrastructure has created a financing opportunity that runs through Asia. Much of the equipment destined for data centres is assembled by manufacturers and suppliers in Taiwan and South Korea. For ING Bank, the prize was not simply to lend to the technology industry, it was to finance the trade moving through its supply chains.
Shivkumar Seerapu, head of transaction services for APAC, saw how a European bank could compete for that business without trying to outmuscle Asia’s domestic lenders.
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