Technical Committee 68 of the International Organisation for Standardisation (ISO) for financial services standardisation created a common standard, ISO 20022, around two decades ago. This development was transformational. It was… read more →
In December 1773, a ship carrying chests of tea from England was about to dock in the Boston Harbour when it was boarded by over a hundred American Colonists protesting… read more →
2024, the year of elections, will reach its climax in one week when Americans take to the ballot box—and the economy is the biggest issue. Unsurprisingly, the electorate is concerned… read more →
A report by the Trade and Supply Chain Finance Program (TSCFP) at the Asian Development Bank (ADB), in collaboration with Business and Finance Consulting (BFC), has laid out how declining CBRs jeopardise these countries’ ability to conduct international trade and receive vital remittances, potentially exacerbating their economic vulnerabilities.
The issue of personal identity (ID) cards in the UK has been contentious for many years. Their purpose was to create a system for registering British citizens linked to a national identity database.
The announcement came during a roundtable discussion at the World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings on 25 October in Washington DC. The initiative brings together… read more →
The facility will be used to extend credit to businesses across African markets, with a particular focus on small- and medium-sized enterprises (SMEs) involved in regional and international trade, according… read more →
Bills of exchange (BoEs) have remained paper-based for some time. This new solution offers a comprehensive end-to-end digital platform as a replacement. Flows will take place within Citi’s proprietary receivables… read more →
China’s currency – the renminbi (RMB) – is finding new appeal among emerging market traders and global investors seeking alternative settlement options.
The sometimes-termed ‘Olympics of banking’ saw the biggest names in banking give speeches and panels over four days covering new developments in the industry, innovation, and emerging themes for the… read more →
