JP Morgan’s stake in Mumbai fintech ‘reflects Asian ambitions’
Transaction banking in Asia’s major emerging markets is confirmed as a key focus for the US bank
Region
ESG bonds boom in South Korea
June 2019 is shaping up to be a bumper month, with major green bond offerings and a social covered bond
Banks remain key to US corporates’ investment strategy
Nearly all report that their bank relationships are core to their operating cash investment mix, an AFP survey finds
US corporates improve working capital performance
The working capital efficiency of America’s top 1,000 public companies in 2018 was the best for six years, a study finds
Mastercard and Scandi banks plan real-time payments platform
The global payments giant will partner with the bank-owned P27 Nordic Payments Platform on “the world’s most advanced system”
Malaysia’s PNB pledges to optimise liquidity management
The government-linked investment company plans to invest more overseas and accelerate its diversification strategy
Singapore scores for Asian transaction banking
The city state’s banks top customer satisfaction levels in the region for key products and services, an East and Partners survey finds
South Africa to cap maximum cheque value from May 2020
Accelerating the drive to digital payments, the maximum value permitted for a cheque reduces from 500,000 rand to just 50,000
Reinsurers look to adopt straight-through processing
STP is the only viable solution to the industry’s ballooning expense ratios, experts have concluded
BoE governor: Many firms ‘unready for no-deal Brexit’
Mark Carney believes three in four UK businesses have done as much as they can, but 150,000 firms would be unable to export
MoneyGram gets US$50m boost from union with Ripple
The money transfer company’s strategic partnership with the blockchain solutions pioneer is initially for a two-year period
Turkey introduces cheaper liquidity facility
The Central Bank of Turkey announced earlier this week that primary dealer banks would be able to access cheaper funding
JP Morgan extends cross-border digital payments to China
The new service makes the US giant the first foreign bank in China to digitise and automate cross-border payments of goods
Commercial real estate stock exchange nears launch
The International Property Securities Exchange (IPSX) will be dedicated to commercial real estate owners and managers
HSBC executes innovatory dual platform blockchain transaction
Complementary distributed ledger networks brought together for the first time in the Middle East connect Hong Kong and the UAE
London-Shanghai Stock Connect is launched
The reciprocal arrangement between the two cities’ stock exchanges was first announced in 2015 and is six months late
Payments fraud makes heavier impact on UK companies
Despite higher levels of awareness and precaution, businesses are losing more and recovering less, a survey suggests
Poland’s Alior Bank uses blockchain for document authentication
The Warsaw-based bank will allow customers to check on their authentication and integrity using the public ethereum blockchain
Bottomline partners with Starling Bank on real time payments
The new 24x7 service will enable banks and corporates to send, receive and track payments in real-time to any UK bank account
New Zealand readies for era of open banking
The Bank of New Zealand, one of the country’s big four, outlines its approach as the country slowly progresses towards the new regime
Moscow blockchain start-up launches supply chain finance platform
Russian fintech start-up Factorin has piloted the platform for six months and plans to move into the European Union
Trump tariffs create working capital strains for US firms
Companies are resorting to various measures in response to the administration’s tariff-heavy trade policy, a report finds
African Development Bank steps up digital financial inclusion drive
The Africa Digital Financial Inclusion facility aims to develop digital financial transactions across the continent
HSBC earmarks US$880m for Hong Kong tech start-ups
The GBA+ technology fund will offer senior debt financing to top up funding from venture capital and private equity firms