Trade Finance
Public-private cooperation and partnership are key to advancing CBDCs
Public-private cooperation and partnership are key to advancing CBDCs
Whilst the merits of CBDCs are still widely debated, central and commercial banks are actively exploring the use of CBDCs in local markets.
Hong Kong’s SFC to allow crypto trading
Final guidelines for crypto investment will become effective starting 1 June 2023.
Moomoo Singapore and Wise collaborate for easy trade deposit system
The app will allow Singaporeans to change the local currency to Singapore dollars based on real-time exchange rates.
Standard Chartered, IFC ink $700m investment to boost global trade
Since 2009, the programme has supported over $20.5b worth of transactions.
Citi makes new appointments to Treasury and Trade business
This follows the ASEAN appointments from earlier this week.
Citi makes two key appoints for markets, TTS business
Vandana Bhatter and Anoushka Dua have been named in key ASEAN leadership roles.
Standard Chartered’s Straight2Bank launches working capital, loan services
Clients can initiate and approve new loan drawdowns and rollover requests.
Standard Chartered names David Rego as global head of payments, transaction banking
He is currently the global head of liquidity, deposits, and escrow solutions.
Weekly Global News Wrap: Crypto exchange FTX owes $3.1b to creditors; Deutsche ex-trader sues bank for $150m
And Italy’s UniCredit gives German staff bonuses up to 2,500 euros for inflation.
Citi TTS names Kanika Thakur as head of corporate, commercial & public sector sales
She was previously head of trade for Asia Pacific.
Standard Chartered unveils digital trade portal Trade Track-It
Customers can track vessels and check sustainability compliance.
India’s Kotak Mahindra Bank unifies corporate banking portal with Finastra
The bank plans to add payments and collections services by end-2022.
Standard Chartered, Taulia ink MOU to offer supply chain finance solutions
Both parties will offer supply chain finance and dynamic discounting solutions.
Weekly Global News Wrap: Investment banks’ trading income to shrink; Citi introduces new diversity goals
And Morgan Stanley unit pays $35m for mishandling customer data.
Citi Bangladesh completes pilot paperless trade finance transaction in TradeLens
The process resulted in a 10-day reduction of document processing time.
Standard Chartered, MonetaGo launch service to avoid duplicate financing fraud
It is accessible via SWIFT’s global API.
Citi TTS names Rishi Luthria as APAC head of platforms and data services
Luthria first joined the bank in 2012.
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