A battle over the soul of supply chain finance is raging as fintechs slam banks as outdated, banks accuse fintechs of being lightweights and the rating agencies who insist that trade credit is not debt
Australia’s second-largest bank lost its CEO earlier today after a cross-border transaction service was alleged to have broken anti-money laundering rules.
Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
Hong Kong may be roiled in chaos but our second treasury-focused conference saw 100+ treasury professionals gather on Wednesday to discuss supply chain relocation challenges, Libor transition updates and more.
During an afternoon session at Hong Kong FinTech Week, representatives of the eTradeConect-GSBN alliance spoke of the difficulties in consortia-forming, whether corporates should be paid for data and why too many ...
Corporates using eTradeConnect, a Hong Kong-based trade finance platform, will be able to digitally exchange shipping documents, but individuals at Hong Kong FinTech Week warned the voyage ahead might be choppy.