Cash Management
J.P. Morgan unveils automated cross-currency payment collection and settling service
J.P. Morgan unveils automated cross-currency payment collection and settling service
It allows invoice and collection in one currency, and payment setting in another.
Bank of America appoints Phil Carmalt as head of APAC GPS
Carmalt joins from DBS Hong Kong.
HSBC’s Yvonne Yiu says the future of payments is instant
She credits her propensity to ask questions for becoming one of HSBC’s top leaders.
UnionBank strengthens climate risk strategies with adaptive financing
The bank offers loan restructuring, pop-up banking for disaster-hit communities.
BSP, Royal Canadian Mint ink MoU on currency management
It outlined key areas of cooperation including technology exchange.
Here’s how ISO 20022 adoption impacted DBS Bank
It reportedly improved payments processing and regulatory compliance.
Bank of America’s CashPro app set to hit $1t in payment approvals
The platform is reportedly used by around 40,000 companies globally.
Citi unveils real-time 24/7 liquidity mgmt solution in Thailand
With 7-Day Sweeps, cash concentration capabilities are extended to non-business days.
IATA to offer digital currencies in its financial settlement systems
It will being offering the digital renminbi in the China Billing and Settlement Plan.
Kiosks, hybrid approach key to financial inclusion: BDO
BDO has introduced self-service kiosks and universal machines to entice unbanked customers.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
Philippines' liquidity at 5.6% YoY in April
It was slower than the 5.7% YoY in March.
TerraPay obtains MPI License in Singapore
TerraPay now has 11 licenses and 19 regulator approvals across 30 markets.
Maybank inks MOU with fintech Doxa for supply chain financing
Services include digitisation of documents and other payment solutions.
Security Bank updates terms for cash mgmt, trade finance solutions enrollment form
Notable changes include stating guidelines for T&C changes and its extent of accountability.
Deutsche Bank doubles its Indonesia capital to $644m
This is the third time it raised its capital in an APAC market this year.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 3. UOB maintains profitability despite possible slower loan growth 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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