Singapore Gulf Bank has strengthened its relationship with J.P. Morgan by opening a correspondent banking account. This enables SGB to have direct access to oneSingapore Gulf Bank has strengthened its relationship with J.P. Morgan by opening a correspondent banking account. This enables SGB to have direct access to one

Singapore Gulf Bank Expands USD Clearing via J.P. Morgan Partnership

Singapore Gulf Bank has strengthened its relationship with J.P. Morgan by opening a correspondent banking account. This enables SGB to have direct access to one of the most established US dollar clearing systems in the world. This will enable the bank to offer seamless and secure cross-border payment services to its clients.

This access enables fast settlement and ensures high levels of success. It also helps to strengthen trust with corporate and institutional customers who are assured of predictable USD flows. Through the connection to the major clearinghouse, SGB eliminates any difficulties associated with cross-border transactions.

Also Read: Japan’s FSA Reclassifies Crypto, Sets New Tax and Trading Rules

SGB Strengthens Payments With Omnichannel Network

The new partnership enhances the existing correspondent banking and payment networks that SGB has. This includes its in-house real-time settlement system, SGB Net. The bank has improved its settlement capabilities by integrating traditional international payment corridors with cutting-edge technology.

The clients are able to accurately manage their global liquidity. The money is transferred from one system to another without encountering any delays. The treasury operations are able to enjoy good management and visibility with respect to their balances.

The new framework enables the SGB to serve clients who operate in different markets. Payment routing systems are made flexible. The settlement systems are aligned to the current business environment. The bank remains positioned as a technology-driven financial institution.

Singapore Gulf Bank Adopts Wire365 for USD Clearing

Using Wire365, SGB can now credit incoming funds during weekends and public holidays. There are no cut-off times as before. Cash flow management is enhanced because funds are available when needed. Customers get the flexibility to manage cash flow to meet their payment obligations effectively.

The agreement was signed during a signing ceremony that took place at the headquarters of SGB in Bahrain. J.P. Morgan Payments brings together the following businesses: Treasury Services, Trade and Working Capital, and Card and Merchant Services. The payment system enables payments in various currencies.

The combination of these factors makes Singapore Gulf Bank a leader in the digital transformation of banking. This approach further cements the bank’s position as a financial bridge between Asia and the Gulf region. The approach has set a new benchmark for efficient USD payment processing in the region.

Also Read: Binance Brings Instant USD Transfers with SGB and Adds USDe Rewards for Users in Bahrain

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.04464
$0.04464$0.04464
-0.37%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
The author of "Rich Dad Poor Dad": Prepare to buy during the gold, silver, and Bitcoin market crash.

The author of "Rich Dad Poor Dad": Prepare to buy during the gold, silver, and Bitcoin market crash.

PANews reported on February 2nd that Robert Kiyosaki, author of "Rich Dad Poor Dad," posted on the X platform that "the gold, silver, and Bitcoin markets have just
Share
PANews2026/02/02 08:21
Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23

Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23

The post Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23 appeared on BitcoinEthereumNews.com. SAB adopts Chainlink’s CCIP and CRE to expand tokenization and cross-border finance tools. SAB and Wamid target $2.32T Saudi capital markets with blockchain-based tokenization plans. LINK price falls 2.43% to $22.99 despite higher trading volume and steady liquidity ratios. Saudi Awwal Bank has added Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE) to its digital strategy. CCIP links assets and data across multiple blockchains, while CRE provides banks with a controlled framework to test and deploy new financial applications. The lender, with more than $100 billion in assets, is applying the tools to tokenized assets, cross-border settlement, and automated credit platforms. The move signals that Chainlink’s infrastructure is being adopted at scale inside regulated finance. Related: Chainlink’s Deal with SBI Is a Major Win, But Chart Shows LINK’s Battle at $27 Resistance Wamid Partnership Aims at $2.32 Trillion Markets In parallel, SAB signed an agreement with Wamid, a subsidiary of the Saudi Tadawul Group, to pilot tokenization of the Saudi Exchange’s $2.32 trillion capital markets. The focus is on equities and debt products, opening the door for blockchain-based issuance and settlement. SAB has already executed the world’s first Islamic repo on distributed ledger technology, in collaboration with Oumla earlier this year. That transaction gave regulators a template for compliant on-chain contracts. The Wamid deal builds directly on that precedent, shifting from single-instrument pilots toward broader capital markets integration. Saudi Blockchain Buildout Gains Pace Saudi institutions are building multiple layers of digital infrastructure. Oumla is working with Avalanche to develop the Kingdom’s first domestically hosted Layer 1 blockchain. SAB’s Chainlink adoption adds an interoperability and execution layer on top. Together, these projects are shaping a domestic framework for tokenization, with global connectivity added only where liquidity requires it. LINK Price and Liquidity Snapshot While institutional adoption progresses, Chainlink’s…
Share
BitcoinEthereumNews2025/09/18 08:49