![]() ![]() ![]() Mr Melvyn Low, our Head of Global Transaction Banking, spoke about this with BNY Mellon’s Global Head of Client Insight and Innovation Mr Fabian Khoshbakht at Singapore Fintech Festival today, as part of MAS’ Project Guardian showcase.įind out more at our dedicated onstage presentation on 17th November (Friday), 11:15 – 11:30 AM at the Technology Stage. We have collaborated with BNY Mellon on a proof-of-concept to improve correspondent banking, using blockchain technologies to: 1) Increase the settlement speed and cost competitiveness of forex payments, and 2) Establish mutual 24/7 operations to support institutional clients globally. Some traditional constraints to this include diverging operating hours, fragmented banking capabilities by jurisdiction, and inefficient processes. Enjoy up to S180 cash reward when you open your OCBC 360 Account and credit your salary within 2 months. In an age where mobile and internet banking (iBanking) in Singapore have become the norm. Correspondent banking, where banks tap on banks in other jurisdictions to facilitate cross-border payments and transactions, is an integral part of the global financial system. OCBC Digital app is the smart way to stay on top of your finances. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |