Trade Finance

The bank will facilitate the opening of bank accounts in Tazapay.

Citi Treasury and Trade Solutions has appointed Kanika Thakur as Asia Pacific trade head, effective immediately, according to a press release. She succeeds Vishal Kapoor, who was named head of treasury and trade solutions for Citi Hong Kong earlier in 2020.

These platforms digitalise LC workflow and issuance.

Lenders are struggling to reclaim loans as big traders trick banks with empty promises.

The trade is a one-year interest rate swap fixed against SORA.

The trade finance gap is a serious issue that is impacting the health of global trade and business development in many countries across the world. Trade finance is the fuel of global trade, upon which 80 to 90% of world trade relies, and if access to trade finance is compromised for certain companies, global trade will be unable to reach its full potential.

DBS retained the crown in terms of back office centralisation.

In a period of uncertainty for global trade, fuelled by protectionism and increasing concerns regarding a potential US-China trade war, the strength and resilience of Asian trade endures.

It has a solution that can recognise the type of documents being scanned and extract data from images.

A homegrown bank pulled ahead of global rivals like Standard Chartered.

The move is part of its goal to grow its trade finance business which saw revenue growth of 20%.

The offering is available in three currencies: USD, CNY and EUR.

The bank is digitising its systems; streamlining financial and administrative services and setting up a digital sandbox.

It aims to launch the Voltron platform to rapidly streamline trade financing.

Citi, HSBC and Deutsche Bank all trail behind Mitsubishi UFJ.

The bank has over 20 desks in the region.