J.P. Morgan Treasury Services is continuing to expand its renminbi (RMB) international trade settlement services to its clients across Asia-Pacific, with Shinhan Bank, one of Korea’s oldest and most esteemed financial institutions, the latest client regionally to implement RMB clearing and trade solutions.
Shinhan Bank’s decision to implement J.P. Morgan’s RMB clearing and trade services further strengthens a long relationship between the two firms, which began with J.P. Morgan providing US dollar clearing services for the Korean bank’s treasury and commercial payments operations in 1983. Through this new deal, Shinhan Bank’s corporate clients will now benefit from clearing of cross-border trade payments with China, reduced operating costs and the mitigation of foreign exchange risk.
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