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Time taken for cross-border trade payments to be cut to minutes from days under the programme. Pilot could go nationwide in due course, banker says
Federal Reserve and European Central Bank among institutions that contributed to report laying out key requirements for CBDCs. China’s PBOC wasn’t involved.
Central bank has developed offsite monitoring system for payment settlements and will continue to support SupTech’s adoption, according to its deputy governor.
Business-to-business payments, which have much higher value on average than consumer payments, will account for 89% of global transaction values, Juniper Research says
Platform, called Trusple, claims to build trust among multiple parties and reduce tracking and verification related costs for participating financial institutions.
Finance giants SAP and Goldman Sachs are targeting payments and suppliers in tie-up that will allow payment in local currencies
It can be the single most important investment of any corporate treasury and you only get one chance to get it right. CT takes you through the critical path analysis in setting up a TMS.
CorporateTreasurer is pleased to announce the Best Banks in Asia-Pacific for 2017.
Suppliers in Asia are still struggling to get access to credit. Financial innovation is making a difference, but corporate treasurers and financial institutions must play a role too.