HSBC in blockchain platform talks with Bank Negara


Regional head of global trade and receivables finance Ajay Sharma said the central bank was receptive with the platform and blockchain technology and was interested to find out more from HSBC as it had successfully performed a transaction using the technology.

KUALA LUMPUR: HSBC Malaysia is in regular engagement with Malaysian regulators, particularly Bank Negara, in pushing blockchain-based trade finance platform.

Regional head of global trade and receivables finance Ajay Sharma said the central bank was receptive with the platform and blockchain technology and was interested to find out more from HSBC as it had successfully performed a transaction using the technology.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Ringgit seen trading range-bound at RM4.38-RM4.40 against US dollar next week Premium
CPO futures on cautious tone next week Premium
PetChem finds good fit in Sweden’s Perstorp Premium
Short Position - CPO prices, Green hydrogen in Malaysia Premium
Chin Hin Group continues M&A spree Premium
Recovery theme sustains short-term interest in M-REITs Premium
New vehicle sales down 3.6% in April Premium
Khazanah in S. Korean partnership with SK ecoplant Premium
Higher palm oil price boost for Sime Darby Premium
Pharmaniaga’s quarterly revenue rises 21.26% Premium

Others Also Read