Trade Finance

Citi will integrate tokenised deposits and smart contracts in its global network.

Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.

The bank has already directed close to $9.6b in sustainable finance since 2021.

A special team of 20 bankers was developed for this initiative.

The new framework is expected to synergise with cross-border payment initiatives.

The move to T+1 has given birth to challenges in the securities ecosystem, said Citi.

Whilst the merits of CBDCs are still widely debated, central and commercial banks are actively exploring the use of CBDCs in local markets. 

Final guidelines for crypto investment will become effective starting 1 June 2023.

The app will allow Singaporeans to change the local currency to Singapore dollars based on real-time exchange rates.

Since 2009, the programme has supported over $20.5b worth of transactions.

This follows the ASEAN appointments from earlier this week.

Vandana Bhatter and Anoushka Dua have been named in key ASEAN leadership roles.

Clients can initiate and approve new loan drawdowns and rollover requests.

He is currently the global head of liquidity, deposits, and escrow solutions.

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

She was previously head of trade for Asia Pacific.