Trade Finance

Singapore unveils BL checker for banks

Banks can automatically retrieve data points to verify if the Bill of Lading is genuine.

Standard Chartered unveils cross-currency transaction FX solution

It offers competitive FX pricing and an automated FX payment service.

Xtransfer ink MOU to offer cross-border financial services to African SMEs

Xtransfer will make use of Ecobank Group’s network in the continent.

HSBC cuts Philips’ currency transactions in China

‘Netting’ cut Philips’ cross-border transactions from 4,000 yearly to just one a month.

IFC, HSBC team up to introduce $1b risk-sharing facility

It is part of IFC's Global Trade Liquidity Programme.

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.