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Treasurers in Singapore can now swiftly file and review their trade finance applications with nine financial institutions in the city through a unifying portal called CamelONE
Always keen not to play guinea pig to new products and strategies, treasurers run the risk of stifling innovation. They occassionally need to be bold.
The utility approach to KYC process will help treasurers comply with global regulations and manage their KYC responsibilities across multiple banks.
The development of the AEC is exciting, but many areas – particularly services and finance – will remain heavily protected.