Trade Finance

Citi names Cristina Chang as head of markets for Australia, New Zealand

Chang will retain her role as head of asset backed financing.

UOB, CCPIT forge partnership to boost SEA trade

Both parties aim to strengthen supply chains, drive innovation, and promote sustainable development. 

Security Bank updates terms for cash mgmt, trade finance solutions enrollment form

Notable changes include stating guidelines for T&C changes and its extent of accountability.

Traditional finance and crypto can work hand-in-hand, says DigiFT CEO

DigiFTs CEO Henry Zhang advocates growth through collaborative innovation, risk management, and regulatory compliance in finance.

AIIB’s members tally 109

Member countries accumulate about 81% of the global population.

Citi TTS pilots token services for cash management, trade finance

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

Citi makes new appointments in APAC treasury and trade business

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

CIMB raises sustainable finance target to $13.7b by 2024

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

Citi to ramp up social finance in Asia

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

Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions

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

DLT, digital money rise as securities sector eye faster settlements

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

Public-private cooperation and partnership are key to advancing CBDCs

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

Hong Kong’s SFC to allow crypto trading

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

Moomoo Singapore and Wise collaborate for easy trade deposit system

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

Standard Chartered, IFC ink $700m investment to boost global trade

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

Citi makes new appointments to Treasury and Trade business

This follows the ASEAN appointments from earlier this week.