Two Japanese banks set to start operations in GIFT City:Two additional Japanese banks are poised to join the ranks of 10 foreign and 16 local banks already present in the tax-free GIFT City. This financial hub currently hosts over 550 businesses with a cumulative asset value of $47 billion, all of which have successfully registered and commenced operations, according to an official statement Two japanese banks gift city ifsc
Two Japanese banks set to start operations in GIFT City
Rajaraman said his recent delegation to Tokyo has resulted in two Japanese banks registering in the GIFT City, and more are expected as he continued discussions with potential businesses at the Singapore Fintech Festival being held 15-17 November 2023.
GIFT City Alternative Investment Funds, and Stock Exchanges in the Global Financial Network”
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Global Financial Solutions and Collaborations: Insights from Rajaraman at the Singapore Fintech Festival”
Rajaraman mentioned, “Within our portfolio, we provide three electronic trading platforms and cutting-edge international trade finance solutions, particularly in the realm of bill factoring. Additionally, our services encompass partnerships with insurance companies, featuring international joint venture collaborations.” Emphasizing the event’s global reach, he noted that the Singapore Fintech Festival saw the attendance of 650 companies from around the world.