trade finance

African SMEs get the same level of service as large companies under a more open China. 

And Italy’s UniCredit gives German staff bonuses up to 2,500 euros for inflation.

And Morgan Stanley unit pays $35m for mishandling customer data.

It is accessible via SWIFT’s global API.

Processes affected include the creation of invoices, uploading and validation of supporting documents. 

It will be used to extend foreign currency trade to local banks and businesses.

But shareholders may not share the same optimism once they see investment banks’ Q2 results.