The two partners plan to offer digital treasury management as a service, targeting smaller banks in India and the Philippines, in addition to lenders in Northern Europe and North America.
Increased supervision of China's banks would likely contribute to the stability of the global financial system, given the nation's large economy and its importance to emerging markets.
Cross-border RMB pool has helped Adient transfer cash in and out of China efficiently, executive says, while Trip.com treasurer says transparent communication with banks during lockdown helped it get through those dark days.