Author: Digital Trade Outlook
Digital Trade Outlook
Digital Trade Outlook’s editorial team covers trade finance, transaction banking, cross-border payments and the technology reshaping global trade. Every story is selected and edited by our editors, and our analysis carries Digital Trade Outlook’s View. News coverage is never paid for. Contact: editorial@digitaltradeoutlook.com
US Treasury penalises Bank of America over $5bn in late suspicious activity reports, correspondent banking failures and 475 sanctions violations.
Eligible BMO Corporate Card clients in Canada and the US can now start and manage virtual card payments from inside their ERP, procurement and AP tools.
Bank Aljazira will send retail remittances over Thunes’ Direct Global Network to bank accounts and mobile wallets in APAC, Europe and the GCC.
Standard Chartered’s Singapore arm wants to hold crypto, stablecoins and tokenised real world assets for institutions, pending regulatory approval.
A7, set up with Russia’s PSB Bank, is due to unveil a service where importers pay foreign invoices in Tether and suppliers get paid via SWIFT.
A payment Bradesco sent over its usual Swift link landed with a Hong Kong beneficiary in Hong Kong dollars through the local Faster Payment System.
Ant International has run pilot dirham and US dollar transfers in the UAE on HSBC’s Tokenised Deposit Service, the bank’s first Middle East client to do so.
National Bank of Bahrain is the first bank in BENEFIT’s Trade Finance Registry, which lets lenders check an invoice before they fund it.
Taptap Send customers in Bahrain can now verify their identity at registration through eKey 2.0, the national digital authentication system run by Beyon Connect.
Centalion has deployed its own AI Treasury Agent on Komgo’s Konsole, cutting issuance time by around 55% and amendment time by around 80% on its first facility.