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Cash Management

RHB Bank unveils mobile banking app for business clients

‘RHB REFLEX’ arms its users with flexible cash flow management capabilities.
2 years ago

RHB Bank unveils mobile banking app for business clients

‘RHB REFLEX’ arms its users with flexible cash flow management capabilities.
2 years ago

Japanese regional banks eye information sharing to combat financial crime

A system that shares information on suspicious customers and transactions is being considered.
2 years ago

Kasikornbank ties up with DBS to extend funds transfer service to Singapore

The bank's inward fund transfer system can accommodate $45,085 at a time per day.
2 years ago

Taiwan has the highest ATM density in the world

There is one machine per 826 residents.
3 years ago

ICBC Asia's Wang Zhi Yong discusses the role of blockchain in cash management

He also talks about the bank's efforts of tapping new technologies.
3 years ago

China banks move forward on liquidity risk management front

Lenders may soon shun less stable short-term funding sources amidst clearer guidelines.
3 years ago

Evolving client roles push for integrated banking platforms

Banks are rolling out digital cash management tools to adapt to changes.
3 years ago

Asian banks pilot cross-border payment test over RippleNet

The collaboration aims to streamline cross-border payments.
3 years ago

Indian banks are facing another massive cash crunch

ATM withdrawals are surging as the country still reels from the 2016 demonetisation.
3 years ago

DBS launches online remittance service for non-customers

SmartSend allows money transfers to Australia, Hong Kong, India, Indonesia, Malaysia, Philippines, the UK, and the US.
3 years ago

Total deposits in Hong Kong down 0.8% in February

Further decline was offset by high savings and time deposits.
3 years ago

Japanese banks' US dollar assets balloon 88% to $2.5t in 2017

They have become the most significant, non-US dollar banking player in terms of size.
3 years ago

China bank's medium-term loans up to $155.06b in February

The country's deleveraging campaign boosted return of funding demand to on-balance sheets.
3 years ago

Citi appoints Debopama Sen as head of treasury and trade solutions for Singapore and ASEAN

She will report to Rajesh Mehta, Asia Pacific head for TTS, and Amol Gupte, ASEAN head and CEO of Citi Singapore.
3 years ago

Weekly Global News Wrap Up: US banks look beyond trading; JPMorgan launches new payment processing network using blockchain

And find out why Canada's alternative lenders face bigger impact from new mortgage rules.
3 years ago

Deutsche Bank launches TradePay in India

It is the first paperless import payment solution in the country. According to a release, Deutsche Bank’s TradePay uses the Reserve Bank of India’s Import Data Processing and Monitoring System (IDPMS) to verify import payments by checking them against details made available by the client on the system, eliminating the need for clients to share any physical documentation. The data is then enriched by the client to meet regulatory requirements, validated by Deutsche Bank and converted into a payment-ready state. Thereafter, clients can book FX contracts electronically through TradePay, thereby streamlining the payment process. The payment authorisation can be done directly on TradePay or via the importer’s ERP system. As a result, this digitised workflow solution can help to reduce complexities and delays in the supply chain, enhance controls and transparency of payments and increase speed of settlement, while meeting regulatory requirements. Anjali Mohanty, Head of Global Transaction Banking – India at Deutsche Bank, said: “The role of treasurers has increasingly become more strategic. They are looking to their bankers for solutions, such as TradePay, that helps them gain more efficiencies and future-proof their business.” Lisa Robins, Asia Pacific Head of Global Transaction Banking at Deutsche Bank, added: “By developing innovative solutions such as TradePay, we aim to play a role in the next phase of evolution for the transaction banking industry. We are delighted to have launched this product in India, where digitalisation is advancing rapidly.”
3 years ago