ANZ's managing director, transaction banking, told CT that the digital transition for corporate payments is continuing apace, as cheques and batch payments are increasingly phased out.
Bhuchar, who once worked at DBS for over a decade, will join the Japanese bank in Singapore to oversee cash and trade products for Asia Pacific clients.
The partnership allows GTreasury’s ClearConnect Gateway financial data integration into many more Apac and EMEA banks, including DBS, ANZ, OCBC and Standard Chartered.
Asian corporates may see themselves as global organisations, but also appreciate the merits of banking partners that understand the unique characteristics of their regional markets.
MUFG Bank, together with the Finnoventure Private Equity Trust I fund managed by Krungsri Finnovate Co., have made a combined investment of $195m in Ascend Money.