No banks are truly global – all form partnerships to deliver local services to corporates, and how those partnerships are constructed is critical, write Byron Gardiner and Joey Lee of Standard Chartered.
E-payments solutions are slowly spreading across Southeast Asia, but a fragmented regulatory framework makes harmonisation of payment systems a distant goal.
Amid reports of cyberattacks designed to hack the user end of a Swift software interface, CT checks where risk and accountability align for firms in the event of cyberfraud.
With the help of iGTB’s cash management platform, the Australian bank was able to get Asia-based treasurers up and running onto pooling and sweeping structures much faster than ever before.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
The deal between the two payments systems could improve corporates' ability to manage renminbi, their relationships with suppliers, and lower the cost of renminbi transactions, market experts claim.