The latest news from liquidity and risk management
Stay updated with real-time coverage of global trade developments, policy changes, and market movements affecting international commerce.
BEAC and ProgressSoft launch SYSTAC 2, modernising payment infrastructure in Central Africa
- The Bank of Central African States (BEAC) and ProgressSoft launched SYSTAC 2, a centralised electronic clearing house serving the six CEMAC member states: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon.
- Since 3rd August 2026, SYSTAC 2 has supported 59 banks, six National Treasuries, and six BEAC National Directorates with a unified clearing infrastructure.
- SYSTAC 2 integrates ProgressSoft’s automated clearing house for retail payments, electronic cheque clearing, and a dispute management system, all designed to ISO 20022 standards and deployed via an Application Service Provider model.
- The platform centralises maintenance and upgrades, reduces participant infrastructure needs, and harmonises clearing processes across member states.
- The coordinated migration involved all 71 participants transitioning simultaneously to the new system, enhancing transaction efficiency, security, traceability, and monitoring.
- Future plans include adding ProgressSoft’s interoperable instant payments platform to enable real-time regional payments, further advancing CEMAC’s payment services modernisation.
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Viaservice-Ke, a subsidiary of Switzerland-based Viatrans SA, has partnered with Maersk to offer Viaservice Container Solution (VCS), a digital trade financing platform for Kenya’s logistics sector.
Devanshee DaveThe US Senate approved a two-year extension of AGOA, allowing eligible sub-Saharan African countries to maintain duty-free access to the US market until December 2028.
Devanshee Dave
RBC and BMO sell Moneris to Francisco Partners for $2 billion, ending 25-year joint venture
RBC and BMO sell Moneris payment processor to US private equity firm Francisco Partners for $2 billion, ending their 25-year Canadian joint venture.
Carter Hoffman
Bank of America launches $250 billion critical infrastructure finance initiative to support US development
Bank of America launches $250 billion infrastructure finance initiative to support US digital, energy and core infrastructure development from 2026 to 2027.
Devanshee Dave
Polygon Labs joins NOBO Finance and Dun & Bradstreet in phase 2 of the Bank of England’s Digital Pound Lab
Polygon Labs joins NOBO Finance and Dun & Bradstreet in Phase 2 of the Bank of England's Digital Pound Lab, testing cross-border settlement between stablecoins and digital pound.
Devanshee DaveGeneral Motors has arranged a purchasing facility worth up to $4.5 billion with Procura Auto Parts, a company specialising in sourcing rare or critical automotive parts.
Devanshee DaveAustralian Prime Minister Anthony Albanese and Vietnam’s leader To Lam agreed to strengthen defence and security engagement, including efforts to counter transnational organised crime and people smuggling.
Devanshee DaveDECTA has selected OpenPayd to strengthen its international treasury capabilities using OpenPayd’s regulated, rails-agnostic infrastructure for faster and more efficient operational settlement.
Devanshee DaveDeutsche Bank has been designated by the People’s Bank of China as a Renminbi (RMB) clearing bank for Europe, operating from Frankfurt to provide direct processing, clearing, and settlement of cross-border RMB transactions.
Devanshee DaveAfreximbank signed a EUR 110 million facility agreement with the government of Chad to support trade-enabling infrastructure projects approved under Chad’s 2026 Finance Law.
Devanshee DaveThe International Finance Corporation (IFC) is proposing an unfunded trade finance facility of up to $250 million for Banco Bradesco S.A. under its Global Trade Finance Program (GTFP).
Devanshee DaveSIDBI and MonetaGo announced the go-live of MonetaGo’s Secure Financing system on SIDBI’s GST-Sahay Invoice-Based Financing Platform following a successful pilot. The deployment enables SIDBI to validate invoices financed through TReDS and other factoring platforms, including SBI Global Factors and India Factoring, enhancing secure and…
Devanshee DaveThe Trump administration has refunded about $100 billion in tariffs following a Supreme Court ruling that struck down a wave of duties imposed under the International Emergency Economic Powers Act.
Devanshee Dave
FIS launches Digital One™ Commercial in APAC, completes global rollout
Devanshee DavePaymentWorks introduced Payee Profile, a standardised, reusable credential that helps businesses manage tax, banking, and compliance information required for payments.
Devanshee DaveOn 5 August, the ICC Digital Standards Initiative, Teesside University, and the Asian Development Bank hosted a working session on the Trade Document Object (TDO) consultation, now open on the Digital Trade Navigator.
Devanshee Dave
ICC renames Trade Register to Global Trade Intelligence Report to reflect broader scope
ICC has renamed the Trade Register as the Global Trade Intelligence Report, reflecting a broader focus on trade finance data, market insights and risk analysis for the global trade community.
Devanshee Dave
EVelution Energy secures increased financing support from EXIM: What it means for the US’ critical mineral space?
EVelution Energy secures increased US$275 million EXIM financing for Arizona cobalt processing facility supporting critical minerals supply resilience.
Devanshee DaveOn 3 August, 2026, Mastercard completed its acquisition of BVNK, advancing its strategy to support interoperability across fiat and digital currencies.
Devanshee Dave
US and Japan’s rare coordinated intervention to support the Yen amid pressure on the Dollar
The United States and Japan have taken the rare step of intervening together to support the yen after it weakened sharply against the US dollar. Discover what prompted the move and what it could mean for global markets.
Devanshee Dave