Trade Finance
Traditional finance and crypto can work hand-in-hand, says DigiFT CEO
Traditional finance and crypto can work hand-in-hand, says DigiFT CEO
DigiFTs CEO Henry Zhang advocates growth through collaborative innovation, risk management, and regulatory compliance in finance.
AIIB’s members tally 109
Member countries accumulate about 81% of the global population.
Citi TTS pilots token services for cash management, trade finance
Citi will integrate tokenised deposits and smart contracts in its global network.
Citi makes new appointments in APAC treasury and trade business
Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.
CIMB raises sustainable finance target to $13.7b by 2024
The bank has already directed close to $9.6b in sustainable finance since 2021.
Citi to ramp up social finance in Asia
A special team of 20 bankers was developed for this initiative.
Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions
The new framework is expected to synergise with cross-border payment initiatives.
DLT, digital money rise as securities sector eye faster settlements
The move to T+1 has given birth to challenges in the securities ecosystem, said Citi.
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.
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