HSBC has issued its first renminbi (RMB) cashier’s order in Hong Kong on behalf of a local small and medium-sized enterprise (SME) customer, Hung Fook Tong Holdings, a large herbal tea group in Hong Kong.
Albert Chan, HSBC’s head of commercial banking Hong Kong, said: “The development of RMB investment products and increasing cross-border settlement in RMB in Hong Kong is gaining traction and remains an initiative fully supported by HSBC. As penetration of RMB products and increased trade settlement are likely to gather momentum, customers will demand increased options from banking partners. The availability of RMB cashier’s order meets demand for RMB payment solutions that are both flexible and convenient.”
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