Articles with tag: sumitomo mitsui banking

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SYNQA secures USD 80 mln in Series C

23 Jun 2020 | Cryptocurrencies

Thailand-based SYNQA, the parent company of OMG Network, has raised USD 80 million in a Series C funding round led by Siam Commercial Bank.

OMG Network, SYNQA, Thailand, Siam Commercial Bank, Japan, Toyota Financial Services, Sumitomo Mitsui Banking, SMBC Venture Capital, Aioi Nissay Dowa Insurance

SMBC completes blockchain trade finance test

22 Oct 2019 | E-invoicing, SCF & E-procurement

Japan-based Sumitomo Mitsui Banking Corporation {SMBC) is set to begin utilising R3’s Marco Polo trade finance blockchain on a commercial basis by the end of 2019.

Sumitomo Mitsui Banking Corporation, SMBC, Japan, trade finance pilot, Asia, APAC, Mitsui & Co, Bangkok Bank, R3, Marco Polo, trade finance network, blockchain

Asian Development Bank expands partnership with SMBC for Asia trade

15 Apr 2019 | E-invoicing, SCF & E-procurement

The Asian Development Bank (ADB) and Sumitomo Mitsui Banking Corporation (SMBC) have signed an agreement to promote over USD 100 million of trade annually across Asia.

Asian Development Bank, Sumitomo Mitsui Banking Corporation, Asia, trade finance, ADB, SMBC, TFP