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The technologies — constructed by Octet, which initially cut its teeth as a financing and procurement facilitator — is already utilized by the Bank of Nanjing in China and a listed economic institution in the US. Mr Tate mentioned Westpac was seeking at an addressable market of one hundred,000 SMEs that stood to achieve from Business Link.

This contradiction may possibly be explained by the DTI directive requiring the individual new Business Link partnerships to generate at least 25% of their earnings from outdoors central Government inside 5 years of launch, with the express tips that the most probably supply would be the end buyers.

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