Global payments system says its cross border payments are reaching banks within an hour but wholesale payments and interoperability between markets will remain a key focus.
Stuck payments are the bane of the treasurer’s life, sometimes taking weeks to resolve. Chong Hing Bank spoke to CT about why it’s using J.P. Morgan’s blockchain network
Just as others – including heavyweights IBM and JP Morgan – are racing into the cryptocurrency space, Citibank is getting out. Just how useful will this kind of tech be for corporate treasury?
US and Singapore agree to share fintech information; Singapore, HK combine multiple QR codes into one label; Indonesia to lower the ceiling on import duty exemption.
Some of the world’s top companies – also including Roche, GE and others – join Swift’s global payment initiative pilot. But whether other “Swift corporates” will be able to go GPI-active remains to be seen.