Mandates and payments roundup, May 3

DBS strengthens its factoring network in Asia, while BoA Merrill obtains Bank Readiness Certification from Swift.

DBS expands Asia-Pacific factoring network

DBS Bank has launched its export factoring services in Indonesia for the first time, increasing its factoring network to six markets in Asia-Pacific. The bank now provides factoring services in China, Hong Kong, India, Indonesia, Singapore and Taiwan.

“By 2020, Asia will account for 60% of global trade volumes with trade flows in Asia-Pacific estimated to grow by an average of 7% per year,” said Tom...

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CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...