Trade Finance
BofA appoints new heads for Global Payments Solutions in APAC
BofA appoints new heads for Global Payments Solutions in APAC
Lin Guo and Kitty Yen are head of GPS China and GPS Taiwan, respectively.
2 days ago
China and Egypt strengthen cooperation on settlements, CBDCs
They are enhancing cooperation in local currency settlement.
4 days ago
APAC credit limit approval rates steady at 81%
Trade has slowed globally with subdued investment and spending, Aon said.
MUFG’s APAC transaction banking team names three new MDs
Two head the transaction banking teams in India and Indonesia, respectively.
MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025
They are looking into AI as a means to adopt more sustainable and digital practices.
APAC companies brace for more “ultra long payment delays” in 2025
Over 57% of 2,400 companies surveyed expect a deterioration in late payments.
Deutsche, Ant teams up to improve cross-border payments
They will work on global treasury management and cross-border payment projects.
Companies seek real-time liquidity management to avert cash-flow crisis
There is increased corporate demand for liquidity and risk coverage, says HSBC.
Gov’t greenlights Stablecoins Bill
The bill is expected to come into effect this year.
BofA sees 60% surge in QR sign-ups for CashPro platform
CashPro has surpassed 2 million users globally.
BofA expands Nicole Waaka’s role as head of GPS Australia Corporate Sales
Waaka will be part of the GPS Asia Pacific Senior Leadership Team.
Citi Services launches PayTo initiator for institutional clients
The bank’s clients can initiate account-to-account payments from the service.
ANZ names Chris Raciti as country head of ANZ Singapore
He will also have oversight for eight markets in SEA, India, and the Middle East.
Bank of America appoints Phil Carmalt as head of APAC GPS
Carmalt joins from DBS Hong Kong.
Crédit Agricole CIB names new APAC head of int’l trade & transaction banking
Christophe Crétot is most recently head of corporate & leverage finance APAC.
Singapore unveils BL checker for banks
Banks can automatically retrieve data points to verify if the Bill of Lading is genuine.
Standard Chartered unveils cross-currency transaction FX solution
It offers competitive FX pricing and an automated FX payment service.
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