Singapore Gulf Bank expands 24/7 USD payments through BNY

Singapore Gulf Bank has expanded its U.S. dollar payment services through BNY’s 24/7 transfer network, giving eligible corporate and retail clients access to qualifying transfers during weekends and U.S. public holidays. Eligible clients can transfer dollars outside traditional U.S. banking hours through BNY’s enrolled banking network. SGB’s Payward connection separately supports instant dollar settlement for selected institutions across Asia and the Gulf. The bank says its SGB Net platform processes more than $20 billion in monthly fiat transactions. BNY has also announced institutional staking plans and blockchain-based fund ownership recordkeeping. Singapore Gulf Bank announced on Oct.

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