At the end of November 2004, the Chinese supervisory authority granted new licences to KBC, enabling the bancassurance group to expand its activities and service offering. KBC’s Shanghai branch was licensed to sell forex and interest rate derivatives to corporate customers and financial institutions in China, as well as banking products in all currencies, including the local currency, the renminbi (RMB), to local Chinese companies. Thanks to these new licences, KBC is now authorized to offer services in renminbi in five cities in which KBC does not currently have a branch: Kunming, Xi’an, Xiamen, Shenyang and Beijing. Both Chinese and western companies with activities in China will now be able to call on KBC for financial services in a much larger area, instead of having to have recourse to other institutions.
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