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Standard Bank launches West Africa expansion drive via Côte d’Ivoire

Standard Bank plans to use Cote d'Ivoire as its base for West Africa

Standard Bank of South Africa has launched a major expansion drive in West Africa, starting with the opening of a new representative office in the Côte d’Ivoire. The bank plans to use the Abidjan office to become familiar with the region and identify further opportunities within it.

Lloyds partnership marks start of overseas extension

Richard Jaggard, Regional Head Transaction Banking Europe, Standard Chartered
Richard Bowser, Managing Director FIG, Lloyds Bank
Karen Fawcett, Group Head of Transaction Banking, Standard Chartered
Andrew England, Head of Transaction Banking, Lloyds Bank
David Bartlett, Director FIG, Standard Chartered
Jackie Keogh, Global Director of Trade, Lloyds Bank

Lloyds Banking Group’s partnership with Standard Chartered Bank, announced this week, is likely to be the first of a series of such deals intended to allow the UK-focused bank to extend its client services overseas.

Trade: adjusting to a new direction of travel

Trade

As trade flows shift across regions and economic headwinds blow, the trade finance business is facing challenges. Anne Queree examines how correspondent banking networks are adapting

UniCredit to form joint venture with IBM for cloud services

Milan-based UniCredit

UniCredit and IBM are to form a joint venture company that will offer IT infrastructure services to other financial institutions as part of a “multi-billion dollar”, 10-year agreement.

Demica report shows strong growth for supply chain finance

Supply chain finaance

Technology will contribute to the development of the supply chain finance market, with the growth of e-invoicing systems seen as a significant market accelerator by the majority of the banking community.

Turkland Bank adopts Infosys core banking tools

The new core banking system at Turkland Bank reflects strong growth in Turkey

Turkish bank Turkland has installed new core banking, CRM and treasury systems from Infosys – the first time a Turkish bank has implemented an externally developed core banking system according to the firm.

BNP looks to standard Swift messages for improved collateral protection

BNP-paribas-uk

BNP Paribas Securities Services and Swift are collaborating to enhance the bank’s collateral protection solutions for corporate, buy-side and sell-side clients. The bank has set up “Margin Project”, planning to integrate Swift’s standardised tri-party collateral messages to ensure full compliance with the upcoming regulatory requirements on OTC transaction, mitigation of counterparty risk, asset safety and […]

New Bank Payment Obligation standards launched by Swift

Gottfried Liebbrandt

Swift and the Banking Commission of the International Chamber of Commerce have introduced new legal and technology standards for the new Bank Payment Obligation payment instrument. The BPO allows buyers and suppliers to secure and finance international trade transactions.  It provides the benefits of a letter of credit in an automated and secured environment, and […]

Banking on the real economy

David Woodroffe, director, product management, asset finance, SunGard

Asset finance has had a lower profile than other types of loan. But the overall squeeze on lending and higher business loan rejection rates have led to an increased demand for leasing arrangements by SMEs. As a result, asset finance is now the third most common source of finance for businesses.

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