Author: Digital Trade Outlook

Project mBridge settles cross border payments in central bank digital currency. Who is on it, which banks use it, and why the renminbi carries 95 per cent of its value.

HSBCnio gives corporate clients web, mobile, direct and AI access to transaction banking, and lets their own AI tools read authorised account data through HSBC’s Model Context Protocol.

IFC will take up to US$500 million of risk in a US$1 billion Mizuho supply chain finance facility for Asia Pacific suppliers. The release does not say how the portfolio will split.

Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody, while Zodia’s software arm moves to Zodia Solutions, a new entity backed by other banks.

Treasury sanctioned a Panama and Greece law firm, ship operators and agents behind Iran’s shadow fleet, while FinCEN used its first Section 5318(k) subpoena to probe a Greek bank.

Treasury’s proposed rule under the COINS Act adds biotechnology to covered sectors and requires US investors to make a reasonable and diligent inquiry before a transaction.

J.P. Morgan Payments and ADB are using a risk sharing framework under ADB’s Trade and Supply Chain Finance Program to widen working capital in India. No size has been disclosed.

OFAC has sanctioned Zigama Credit and Savings Society and Rwanda’s Ministry of Defence, citing weapons payments, gold from M23 territory and tens of millions of dollars in transactions.

Afreximbank is sole lender, facility agent, security trustee and escrow agent on the US$975 million Oryx Energies buyout, an exposure equal to about 11.6% of its shareholder funds.

SPaN, set up by MAS and the Association of Banks in Singapore to run the national payment schemes, names Derek Chan CEO and Jacqueline Loh chair.