OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

SINGAPORE, Sept. 2, 2026 /PRNewswire/ -- OCBC, Visa and Doxa have deployed Singapore's first deep-tier financing solution through the Doxa Connex platform, expanding access to working capital for subcontractors and suppliers operating deeper within the construction supply chain.

Designed to address a long-standing challenge in the built environment sector, where multiple layers of subcontractors and suppliers often face cash flow pressures while waiting for payment to flow through the supply chain, sometimes up to 100 days, the solution enables faster access to working capital and reduces delays arising from processing cycles and administrative inefficiencies.

Through Doxa Connex, eligible subcontractors can access digital financing workflows linked to approved project transactions. Once a main contractor or developer digitally approves a work claim, subcontractors can receive payment ahead of the invoice due date. Funds are disbursed via OCBC virtual purchasing cards, allowing subcontractors to transfer proceeds to their bank accounts or make payments directly to their own suppliers.

The solution went live in August, with the first subcontractor already benefitting from early access to their funds. Among the early adopters is Kimly Construction, which is deploying the solution across two existing projects. Selected subcontractors are currently being onboarded, enabling smaller firms to better manage cashflows while supporting smoother project delivery across the supply chain.

The solution combines OCBC's financing capabilities, Visa's digital payments and ecosystem expertise, and Doxa's procurement and payments infrastructure. By embedding financing into existing digital project workflows, the partners aim to make working capital access more seamless, transparent and practical for businesses deeper within the construction value chain.

This initial rollout will serve as a foundation for scaling deep-tier financing across Singapore's built environment sector. Feedback from participating subcontractors will help refine the financing workflow and support wider adoption across the construction ecosystem.

"Businesses further down the supply chain play a critical role in delivering construction projects, yet they are often the most affected by payment delays and cash flow constraints. Through this collaboration with Visa and Doxa, we have deployed Singapore's first deep-tier financing solution for the construction sector enabled by virtual purchasing cards. The innovative solution enables subcontractors and suppliers to access funds earlier, improve cash flow certainty and reduce administrative friction. Together, we are helping to build a more connected, resilient and efficient construction ecosystem," said Carmen Chan, Deputy Head of Global Transaction Banking, OCBC.

"Cash flow remains one of the biggest challenges facing construction businesses today, particularly for subcontractors and suppliers operating deeper within the value chain. Our research shows that while nearly three-quarters of construction SMBs are still in the earlier stages of digitalisation, more than two-thirds of these SMBs already report positive impacts from digital tools across key business functions, highlighting both the momentum for digital transformation and the significant opportunity to modernise business payments. Through our collaboration with OCBC and Doxa, we are embedding financing directly into trusted project workflows, helping businesses address working capital challenges by gaining faster and more transparent access to funds. This demonstrates how digital payments can go beyond facilitating transactions to unlock greater efficiency, resilience and growth across Singapore's construction ecosystem," said Adeline Kim, Group Country Manager for Regional Southeast Asia & SVP, Global Clients, Asia Pacific, Visa.

"Doxa Deep-Tier Financing was built to address one of the construction sector's most persistent challenges: cash flow across multiple layers of the supply chain. By connecting earlier access to funds with approved project claims, the initiative helps shorten payment-timing gaps while preserving traceability and accountability within the construction ecosystem," Edmund Ng, Founder and CEO of Doxa Holdings.

Roy Khoo, Director at Kimly Construction, stated: "We are proud to support the live deployment of this Deep-Tier Financing platform across two of our projects. We are already seeing stakeholders benefit from its core features: allowing subcontractors and suppliers to access funds ahead of due dates. By providing the option to unlock the working capital earlier, it eases cash flow constraints and improves capital efficiency for our partners, thus ensuring a healthier supply chain and smoother, more efficient project delivery."

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore.

The Group's key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 390 branches and representative offices in 19 countries and regions.

For more information, please visit www.ocbc.com.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Doxa Holdings

Doxa is a Singapore-based fintech company that digitalises procurement, payment and financing workflows for the built environment sector. Through its Doxa Connex platform, Doxa connects developers, main contractors, subcontractors, suppliers and financiers through shared, approved commercial data across the construction value chain.

Doxa Connex supports workflows including procurement, claims, invoice approvals, payments and financing. Its Deep-Tier Financing solution builds on this connected data infrastructure to enable eligible subcontractors and suppliers to access earlier financing options based on approved invoice and project information.

By connecting commercial data with financing workflows, Doxa helps construction stakeholders improve visibility, address cashflow timing gaps, and act earlier on cost and delivery risks.

For more information, please visit www.doxa-holdings.com.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector

SAN JOSE, Calif., Sept. 2, 2026 /PRNewswire/ – Reallusion announced the official release of AI Studio 1.1, a major architectural and feature update designed to transform how digital creators integrate generative AI into 3D-guided workflows. Moving beyond its original embedded execution within iClone and Character Creator, version 1.1 debuts as a fully standalone application featuring an independent workflow, an expanded AI model suite, and an upgraded dataset engine built for enhanced character consistency.

Find out more about the AI Studio 1.1 updates in this video.

Unbound from iClone & CC: Experience a Faster Standalone Workflow

Version 1.1 delivers complete operational flexibility across the production pipeline. Artists can now execute AI generation tasks independently without launching iClone or Character Creator, while preserving on-demand access to 3D guidance whenever advanced control is required. In addition, the update streamlines system administration with a centralized Account Settings interface, automated web preset deployment, and customizable asset download modes tailored to specific production archiving workflows.

• Dedicated Standalone Application: Accelerates production by executing independently of iClone and Character Creator, drastically reducing operational complexity.
• User Data Cloud Synchronization: Provides seamless cross-device access to personal presets, custom user data, and generation histories.
• Automated Version & Preset Deployment: Ensures continuous access to the latest application builds, AI models and presets without requiring manual patch installations.

New Models: 30-Sec Video with Seedance 2.5 & Budget-Friendly 2.0 Mini

AI Studio 1.1 expands creative control through extended video durations, higher rendering resolutions, and cost-efficient generation options. Beyond core video generation upgrades, this release introduces full 4K output support across Image Create, Image Edit, Video Create, and 3D to Video. Furthermore, moderated policy guidelines grant creators greater narrative freedom when productions involve certain NSFW contents, such as gunfights and intense verbal exchanges, without encountering generation blocks.

• Seedance 2.5 (30-Second Cinematic Video): Generates up to 30-second video sequences across multiple resolutions while preserving strict character and scene consistency across up to 50 reference inputs.
• Seedance 2.0 Mini: Introduces a cost-effective model tier priced at 50% of the standard Seedance 2.0 rate, optimized for rapid iteration and generation without unnecessary credit expenditure.
• Capture Any Frame: Allows creators to extract any video frame as a starting point or visual reference—ideal for modifying mid-video segments, editing specific scenes, or extending shot continuity.

Upgraded AI Actor Creator: Simplified Workflows & Higher-Quality Datasets

Achieving multi-scene character consistency is now faster and yields significantly higher visual fidelity. AI Studio 1.1 reorganizes character creation into streamlined operational tiers while upgrading core rendering capabilities under the hood. The character module also benefits from an optimized UI, a redesigned AI Actor Library browser, and improved multi-view rendering accuracy.

• AI Actor Creator - Basic Mode: Offers the most direct path to creating AI Actors. Users simply upload reference images to auto-generate structured character sheets that maintain consistent visual identity across scenes, with full support for style adjustments or external sheet imports.
• Powered by GPT Image 2 Engine: Integrates the updated GPT Image 2 model to significantly enhance rendering accuracy and structural fidelity, producing cleaner reference datasets for downstream AI image and video generation pipelines.

Availability and Access

AI Studio 1.1 provides the speed, flexibility, and control required to optimize professional production pipelines or explore 3D-to-AI workflows for the first time.

• Existing Users: Can update directly via the Reallusion Hub to launch the standalone application immediately.
• New Creators: Can download AI Studio 1.1 directly from the Reallusion website. Users can also pair the application with iClone Personal (available as a free download) to leverage full 3D-guided control alongside AI generation workflows.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Reallusion AI Studio 1.1 Major Update: Standalone Application, Seedance 2.5, and Upgraded AI Actor Creator