Six global banks endorse Swift’s new platform for international payments flows
The transaction management platform is set to launch in November 2022.
Bank of China
Bank of China and IBM team up to launch series of innovation labs
Big Blue helps set up first lab Singapore, with seven more to come.
BOC granted virtual banking licence in Hong Kong
Livi VB is a joint venture of Bank of China, JD New Orbit Technology and JSH Virtual Ventures Holdings.
Bank of China US ups compliance with Fenergo
Welcome to the world of acronyms: KYC, AML and CDD.
Hong Kong banks setting up trade finance blockchain platform
With ambitions of expansion across industries and jurisdictions.
Sweet sixteen keen on CCRManager’s trade finance platform
Sixteen financial institutions (FIs) are onboard for CCRManager’s new electronic platform, developed for the distribution of trade finance, supply chain finance and working capital assets. Bank of China, DBS Bank, ICICI Bank, Swiss Re Corporate Solutions and UniCredit have signed up as members of the platform to support their trade risk distribution businesses. In addition, […]
Bank of China launches new UnionPay Europe Card
SIX Payment Services, Bank of China and UnionPay International have joined forces for a new credit card, targeting Chinese travellers in Europe. The “Europe Card” card is aimed at Chinese consumers traveling to Europe for business or leisure purposes. SIX says as an incentive during the launch phase, cardholders are eligible for up to 5% […]
Bolero powers Bank of China’s first-ever electronic credit
Bank of China (Hong Kong) (BOCHK) has used Bolero’s ePresentation solution for its first-ever electronic back-to-back documentary credit, reducing the time required to help a large iron ore shipment from Australia to China. The transaction was arranged jointly with NAB (National Australia Bank) and China Guangfa Bank.
Deutsche Bank and Bank of China partner for cash management
Deutsche Bank has become the first foreign bank in China to establish host-to-host connectivity with Bank of China, as part of the project to deliver international cash management (ICM) services to corporate clients. The two banks have implemented an interbank host-to-host platform, with the first customer – Bosch China – already on-board. The project commenced […]
Deutsche Börse in tripartite deal to create new Chinese exchange
Deutsche Börse strengthened its links with mainland China this week with the establishment of a partnership with the Shanghai Stock Exchange and China Financial Futures Exchange to create new marketplace for the trading of renminbi-denominated offshore products under the new brand of the China Europe International Exchange.
London calling to the Chinese renminbi
Standard Chartered and Agricultural Bank of China have launched renminbi-denominated clearing services in the UK in a deal that reflects the ongoing internationalisation of the currency.
