Asian corporates may see themselves as global organisations, but also appreciate the merits of banking partners that understand the unique characteristics of their regional markets.
The bank wants to ease barriers for companies expanding into new markets by providing market insights into issues such as tax, FDI and regulations, with an initial rollout covering the Lion City, Indonesia and Malaysia.
As banks face greater competition from embedded finance participants, they are looking to innovate enhanced offerings - report commissioned by Temenos.
Singapore-headquartered DBS has announced the launch of a new solution that allows merchants in China to collect payments in e-CNY, China’s widespread CBDC.
The investment will support the bank’s growth in Vietnam and demonstrates the market’s prominence as an Asean trade hub, for local and multinational corporates alike.