Boosting digital banking services down under
Commonwealth Bank has committed funds to support start-ups and fintechs during the COVID-19 crisis.
Asia
Asian corporates prioritise operational agility and flexibility in post COVID-19 world
A Standard Chartered survey finds 70% of mid-size firms prioritise operations on the road to recovery.
Singapore’s multi-currency blockchain project concludes final phase
Project Ubin’s fifth and final phase highlights commercial potential, paving the way towards live adoption.
Deutsche Bank collaborates with BNY Mellon on custody FX for restricted EM currencies
The FX digital innovation in Asia Pacific follows hot on the heels of Deutsche's data partnership with Google.
EedenBull and Mastercard extend strategic partnership into Asia Pacific
The agreement builds on their efforts in Europe.
Singapore continues to ramp up corporate FX capabilities
Deutsche Bank becomes the latest bank to launch an FX trading hub in the country.
China’s SMEs facing cash flow problems
Research from Ping An highlights the prolonged effect the COVID-19 pandemic is having on company finances.
Citi’s digital focus paying off in Asia
The bank has seen an accelerated adoption of digital services and channels in the region.
Economic bounceback possible in 2021?
A report covering EBRD regions sees economic contraction of 3.5% in 2020, but a 4.8% rebound in 2021.
It’s quantum, baby! Trade finance technology leaps ahead
Partnerships between Taulia and J.P. Morgan, and Singapore Management University and Tradeteq, show how the space is pushing forward.
Blockchain blooming in China’s financial services sector
Both Ant Financial and WeBank have announced new projects that use blockchain in innovative ways.
Deutsche Bank begins roll out of corporate instant payments in Thailand
PromptPay uses an account number or corporate tax ID to receive incoming payments.
ESG commitments pushing ahead in spite of COVID-19
The EU Green Deal seems to still be on track, while Mizuho has announced strict new ESG policies.
J.P. Morgan establishes electronic FX trading and pricing engine in Singapore
This is the fourth such engine launched by the bank, following New York, London and Tokyo.
Deutsche Bank closes hedge for offshore wind farm
Despite volatile markets, the bank closed the US$3bn project finance for a Taiwanese wind farm.
Singapore and Australia agree to enhance financial services data connectivity
The two countries have signed a suite of MoUs designed to help both capitalise on the digital economy.
Link secures A$212m sustainability-linked loan from DBS
The funding is in Australian dollars to match the currency of Link’s latest acquisition in Sydney.
HSBC partners with Alibaba’s Cainiao to offer quick trade financing
Seven-day approvals for trade financing loans of up to US$500,000 will be offered to Tmall merchants in Hong Kong.
AFP releases Asia-Pacific Treasury Management Handbook
The book covers 12 elements of treasury management, with 15 country profiles.
Sumitomo Electric Industries to access CLSSettlement as a third-party participant
It becomes the first Japanese manufacturing company to settle currency trades via CLSSettlement as a third-party.
Deutsche Bank invests to support Vietnam cross-border trade
The bank is responding to higher demand for Vietnam dong on FX platforms.
COVID-19 to have significant economic impact on developing Asia
The Asian Development Bank has outlined how the virus will impact the region's economy.
Greenwich leaders in both European and Asian large corporate banking and cash management announced
Challenges for European companies creates opportunities for corporate banks, while commoditisation shifts the Asian landscape.
UnionBank and Wirecard partner on digital banking for corporates in the Philippines
The two say that the collaboration will provide corporate customers with secure, reliable banking facilities.