Foreign Exchange
Citi teams up with Ant to improve airline FX solutions
Citi teams up with Ant to improve airline FX solutions
The Falcon TST Model can predict future data points by learning patterns using AI.
4 minutes ago
China and Egypt strengthen cooperation on settlements, CBDCs
They are enhancing cooperation in local currency settlement.
4 days ago
SMBC commences simplified foreign currency remittances in China
It is currently available in five of its branches in China.
Citi names Nathan Swami as head of markets for Singapore
Smith Smithangura is retiring by the end of June 2025.
Lloyds, BNP Paribas launch new FX algorithmic execution service
Clients are expected to execute large FX trades more efficiently.
Barclays integrates Ant Int’l model to FX hedging platform
Ant Interntional has completed the first batch of intra-group FX transactions with Barclays.
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.
Revolut rolls out five new currencies including Chinese Yuan
Users can now hold and exchange 39 different currencies directly in-app.
India and Mauritius ink MOU for local currency use in cross-border transactions
It covers all current account transactions.
Japan, India renew bilateral swap agreement
The size of the BSA remains unchanged at $75b.
Indonesia, Thailand, Malaysia harmonise local currency transaction framework
Portfolio investments are now part of the eligible cross-border transactions.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
Krungsri teams up with food manufacturers to launch green FX program
Customers who achieve predefined ESG targets can get reduced costs.
Standard Chartered unveils cross-currency transaction FX solution
It offers competitive FX pricing and an automated FX payment service.
China, Indonesia renew bilateral swap agreement
The agreement is valid for 5 years.
Wise raises money transfer limits, lowers global average fee
Transfer limits to WeChat recipients is now at RMB50,000.
StanChart unveils cross-currency transactional FX solutions suite
It offers FX payment services across 130 currencies in over 40 markets.
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1. OCBC CEO Helen Wong to retire; Tan Teck Long named successor 2. OCBC Bank Hong Kong sets up team to support entrepreneurs 3. Japan’s SMFG eyes $1.1b additional investment in India’s Yes Bank: report 4. GXS Bank launches GXS Invest 5. Singapore and China reaffirm green finance cooperationResource Center
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