The proliferation of instant payment systems, along with the rising demand for real-time, transparent cross-border payments, is compelling correspondent banks to develop innovative and tailored solutions for their clients
Cross-border payments in the Middle East are becoming more streamlined, inclusive, and with better compliance in response to increased trade, investment, and mobility of workers. BUNA and AFAQ are at the forefront of making transactions faster, cheaper, and more secure.
Global supply chains for corporations and trade finance have been influenced by major global themes in recent years. This necessitated new strategies and innovative solutions to sustain growth, manage liquidity, mitigate risk, ensure sustainability, and the transition to ISO20022 in trade finance. Atul Jain, Global Co-Head of Trade Finance and Lending at Deutsche Bank, discussed the challenges corporates face and how Deutsche Bank is addressing these.
Open banking is transforming the Middle East financial landscape, with Bahrain, Saudi Arabia, and the United Arab Emirates (UAE) leading through innovative frameworks that enhance competition and inclusion.
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