OCBC Bank and Standard Chartered complete Singapore’s first OIS trade based on SORA
by Ben Poole
The overnight indexed swap (OIS) derivatives transaction used the Singapore Overnight Rate Average (SORA) as interest rate benchmark.
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BIS opens Innovation Hub Centre in Singapore
by Ben Poole
The news represents the first expansion of BIS's global footprint in 17 years.
Trade and Development Bank closes live end-to-end trade finance transaction using blockchain
by Ben Poole
Over 50,000 metric tonnes of sugar moved from Asia to Africa, with dltledgers as blockchain partner and Agrocorp as trading company.
HSBC, SGX and Temasek explore DLT for fixed income
by Ben Poole
It is the first end-to-end digitisation initiative focussed on Asian bond markets.
Whitepaper explores the responsible use of AI in financial services
by Ben Poole
The paper from Deutsche Bank, Microsoft, Linklaters, Standard Chartered and Visa explores how AI principles can be put into practice.
MAS, J.P. Morgan and Temasek develop blockchain-based prototype for multi-currency payments
by Ben Poole
The payments network will provide interfaces for other blockchain networks to connect and integrate.
Alibaba.com joins SWIFT gpi for Corporates
by Ben Poole
The company is also working with SWIFT on a new payments-tracking service.
DBS and Trafigura collaborate with IMDA on open-sourced blockchain trade platform
by Ben Poole
It should cut end-to-end trade document transit time from 45 to 20 days.
Deutsche Bank opens commodity custody services market in India
by Ben Poole
Initial SEBI approval allows for custody services in gold, crude and natural gas, and commodity indices.
Report identifies gap between intention and action in ESG efforts among Asian companies
by Ben Poole
Refinitiv data sees Hong Kong companies with the best overall performance in Asia, followed South Korea and India.
EIU study finds big data dividends for corporate travel managers in Asia Pacific
by Ben Poole
Digitisation, automation and analytics are combining to give Asian companies the ability to manage staff travel more efficiently.
Asia’s finance professionals identify potential global recession as top business risk
by Ben Poole
The J.P. Morgan survey saw nearly one-third (30%) select global recession as their main worry.
SWIFT and HSBC to define industry standard for Hong Kong APIs
by Ben Poole
The standard allows merchants to setup direct debit authorisation and initiate collection instructions to bank on behalf of customers.
DBS and IRAS partner to help Singapore be cheque-free by 2025
by Ben Poole
The collaboration is initially focused on digitising tax payments and collections via PayNow.
Standard Chartered Trade20 index reveals the rising stars of global trade
by Ben Poole
Côte d’Ivoire, Kenya and Ireland join India and China in the top five of 20 markets with the greatest potential for future trade growth
Deutsche Bank joins the Asia-Pacific Central Securities Depository Group
by Ben Poole
It becomes the first bank associate member of the group.
DBS launches multi-tier financing facility on blockchain for Chinese SMEs
by Ben Poole
The facility will allow the bank to provide digital trade financing to more than 1,000 suppliers within 24 hours.
Tradeteq’s credit scoring system goes live on Singapore’s National Trade Platform
by Ben Poole
Digitised National Trade Platform expected to increase the ability of corporations to access financing to support their trade flows.
Singapore initiative helps payment firms access legal services to meet compliance needs
by Ben Poole
The Payments Regulatory Evaluation Programme will connect the payments industry to legal service providers.
Traydstream and Standard Chartered to digitise documentary trade matching processes
by Ben Poole
The partnership is looking to enhance documentary trade processing and trade finance.
Deutsche Bank receives approval for China Type-A Lead Underwriting Licence
by Ben Poole
Licence allows foreign banks to underwrite in the bond market and permits bond underwriting for domestic corporate onshore issuance.
HSBC announces three measures to support SMEs in Hong Kong
by Ben Poole
Two of the moves relate to the government's SME loan schemes.
J.P. Morgan bringing electronic FX trading and pricing engine to Singapore
by Ben Poole
The partnership with the country's central bank is designed to consolidate its status as a leading FX centre in Asia.
R3 partners with Wethaq to digitise Islamic capital markets
by Ben Poole
The platform will initially aim to improve the issuance and trading of Sukuk securities.