Long the tool of choice in trade finance, fewer companies are using a letter of credit for its traditional purpose – but don't expect LCs to disappear any time soon.
Fintech start-up Wave successfully completes groundbreaking letter of credit deal between companies in Ireland and the Seychelles using ledger technology blockchain.
Japan goes in strong with an early message to Britain and Europe as it seeks to protect the interests of corporates heavily invested in the United Kingdom ahead of Brexit talks.
Singapore has created a panel to advise the Monetary Authority of Singapore on fintech developments, but companies will not be able to access the panel to share or receive advice outside of designated meetings.
*Chongqing and Singapore to seal deals worth $1.6 bln under third X-border initiative
*Indonesia eyes CCP establishment for derivatives by 2018
*China eases FTZ investment rules
Japan is more likely than ever to use fiscal policy to stimulate its markets now that the Liberal Democratic Party has majorities in both houses of the legislature.