The US lender’s Interbank Information Network (IIN) will take in more than 75 global banks, more than a quarter of them in Asia Pacific. Will it be enough to fend off the fintechs?
From Kasikornbank in Thailand to HDFC in India, large corporates increasingly turn to local Asian banks over global players to meet their corporate banking needs in Asian markets.
The French bank intends to boost its presence in China and the Asia Pacific region. It's promoting three senior staff and poached two from Deutsche Bank.
With 60 banks now part of the Swift global payments initiative (gpi) network carrying out payments worth $100 billion a day, real-time cross-border funds transfer with full traceability is on the horizon
For corporate treasurers already mired in the costly, slow and opaque world of cross-border payments, ether could offer a real solution: real-time, cost-free, “crypto-payments” with the need to buy cryptocurrency.