South Africas Standard Bank Looking to Bolster Business Banking Unit
Powered by the distributed platform from Marco Polo Network and R3’s Corda blockchain technology, the Marco Polo Network provides a more rapid and secure way to access working capital and efficient solution to provide trade finance. It brings to the market an integrated solution to overcome critical trade finance challenges including lack of connectivity, time-consuming processes and high onboarding costs. All this might make ICBC seem more sugar daddy than strategic partner. Yet the top brass at Standard Bank insist the deal marks a genuine deepening of ties. Standard Bank retains a stake so it can give its corporate customers … Read more