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In June, the British-headquartered lender also closed a S$500-million ($364 million), five-year asset-backed syndicated loan for Singapore-based ride-hailing service Grab. “We have relationship managers now focusing much more keenly on new-economy and services sectors to manage their increasingly digital needs,” said Stuart Tait, head of commercial banking in Asia Pacific at HSBC cufflink box uk online. The scramble among global banks for a bigger share of transaction banking business from technology companies in Asia also comes as many of those firms are going cross-border and expanding their offerings..

While China’s Ant Financial and Tencent are battling for the mobile payment business in Southeast Asia, ride-hailing services Grab and Go-Jek are vying to bring banking, e-commerce and food-delivery to every corner of Southeast Asia. “Even if there is a lot of cash in Asia, it is digitizing at a much faster pace than anywhere outside the region,” Morgan McKenney, Citi Asia Pacific cash management head, said cufflink box uk online. “Anyone with ‘pay’ in their name we typically support.”..

Standard Chartered (STAN.L) was in June this year picked by Ant Financial, operator of China’s biggest mobile payment platform, to enable real-time fund transfer for its blockchain technology-based cross-border digital wallet remittance service. With a view to grabbing a bigger share of the business, the banks are investing more in technology, entering into tie-ups with fintechs, and doing in-house data mining to understand consumer trends and cash flows in the digital economy cufflink box uk online. “Speed of delivery of transaction banking services and accuracy of delivery are very critical for the digital technology companies,” StanChart’s global head of transaction banking, Lisa Robins, said..

CHICAGO/BOSTON (Reuters) – Campbell Soup Co (CPB.N) named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive on Thursday, a key step in the U.S cufflink box uk online. company’s efforts to regain market share and boost profits. Clouse has a reputation as a seasoned food industry operator. Shares in Pinnacle Foods surged 54 percent during his tenure as CEO, widely outperforming packaged food peers, most of which have lost share value in recent years as they struggle to grow sales among increasingly health-conscious shoppers..

Reuters reported the news earlier on Thursday, citing sources familiar with the matter who said Clouse’s appointment would be announced imminently. He has the support of Campbell Soup shareholder and activist hedge fund Third Point LLC, which has been hoping Campbell Soup will eventually be sold, according to the sources. Clouse led Pinnacle as CEO between 2016 and earlier this year, when that company was sold to ConAgra Brands Inc (CAG.N) for $8.1 billion. A military veteran who served in the U.S. Army after having graduated from the United States Military Academy at West Point, Clouse began working in the food industry more than two decades ago. He had been chief growth officer at Oreo-maker Mondelez International Inc (MDLZ.O) and previously worked in marketing at Kraft Heinz Co (KHC.O). Clouse will start at Campbell on Jan cufflink box uk online. 22..