Stuck payments are the bane of the treasurer’s life, sometimes taking weeks to resolve. Chong Hing Bank spoke to CT about why it’s using J.P. Morgan’s blockchain network
News that one of the world’s biggest banks – JP Morgan – has moved into digital currency may have sent a ripple through corporates, but treasurers will have to wait to use it
HSBC and BNP Paribas are behind a blockchain-enabled letter of credit for a bulk shipment of iron ore between Australia and China, cutting a two-day process down to two hours
Trade financing – where financial institutions provide credit facilities to guarantee exchange of goods – is long overdue a blockchain overhaul. Standard Chartered and Siemens believe they’ve made the first step.
With more than a billion potential users for its financial and banking services, insurer Ping An's technology chief says solutions tested in China will help corporates worldwide.