In cooperation and agreement with the Industrial and Commercial Bank of China (ICBC), People’s Republic of China largest bank, Bank of America will become the first foreign bank able to act as an agent for bank drafts issued in the Chinese Renminbi currency. Such drafts are to be made available at Bank of America’s Shanghai branch according to Bank of America’s plan. Prior to the agency agreement entered into between ICBC and Bank of America, foreign banks were not permitted to issue Renminbi drafts for payment outside their licensed business area.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more