Trade Finance

Bank of America’s CashPro app set to hit $1t in payment approvals

The platform is reportedly used by around 40,000 companies globally.

BNY names Ashvin Parkash as head of global markets trading for APAC

Parkash joins from Nomura and brings 25 years of industry experience to the role.

Citi, Fidelity demonstrate real-time settlement of MMF and digital FX

It might enable faster, seamless management of treasury positions.

Citi launches Citi Digital Bill to speed up monetization of receivables

CDB enables parties to sign, accept, endorse, and finance a digital bill.

BNY partners with Mizuho to boost trade

It seeks to reduce the complexities and costs associated with cross-border transactions.

Standard Chartered launches digital request quote module Autoquote 

Clients can request pricing quotations and get responses digitally.

Citi launches Token Services for Cash for institutional clients

It is expected to facilitate multi-million dollar cross-border liquidity and payments.

DBS inks MOU with China trade promotion council to boost Asia trade, investment

DBS’ foreign direct investment unit will work with Chinese enterprises.

Tokenization of trade assets to bridge financing gap

Blockchain technology could decentralize finance operations and allow easier credit access.

StanChart beefs up leadership of trade and transaction banking teams

SC appointed new banking heads based in Singapore and Germany.

Siam Commercial Bank rolls out online international trade service

Transactions can be made without the need to submit original documents.

OCBC, UOB to benefit from US-driven supply chain relocation to ASEAN

Multinationals are likely to hasten their ASEAN expansion.

Malaysia's bid for BRICS membership to spur banking overhaul

However, challenges abound when moving away from U.S. and SWIFT reliance.

Thailand and Japan renew bilateral swap agreement.

The size of the BSA remains at $3b or its equivalent in yen.

China’s XTransfer gains in-principle approval for Singapore MPI license 

XTransfer plans to launch e-business wallet services in the Lion City.

Trade finance assets poised for tokenisation: StanChart

Trade finance could make up 16% of the estimated $30.1t market.