A FI CEO on the real risk challenge
中文标题
一位金融科技CEO谈真正的风险挑战
Core conclusion · Tlines extraction
Atul Garg, CEO of SingX, describes two shifts reshaping cross-border payments: invoicing gradually moving away from the US dollar toward local currencies, and digital assets and stablecoins likely taking a bigger role in global trade, especially where capital controls, currency volatility or inefficiencies persist. He argues risk cannot be avoided, only managed, and that treasurers must understand how these trends affect FX, liquidity, settlement and counterparty risk.
- Institution
- Standard Chartered
- Published
- 09/17/2026
- Research topic
- US 10Y Treasury
- Time horizon
- Not explicitly stated
Key arguments
- Invoicing is shifting gradually away from USD toward local currency invoicing, as businesses want to collect and pay in currencies relevant to their customers and suppliers.
- Digital assets and stablecoins are likely to play a bigger role in global trade and cross-border commerce where capital controls, currency volatility or inefficiencies remain significant.
- Risk cannot be avoided and must be managed across FX, liquidity, regulation, compliance and counterparty sources; defining the problem is half the solution.
- Growth with profitability, rather than buying market share through heavy upfront investment, has defined SingX's strategy.
Key numbers
- FX markup experienced at a London airport that inspired SingX's founding
- 16 per cent
Main risks
- FX risk in cross-border transactions.
- Liquidity, regulatory, compliance and counterparty risk.
- Acting on incomplete information, since perfect information is never available.
Corresponding source evidence
Treasury and finance teams will increasingly need to understand how these developments affect liquidity, settlement and risk management.
Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.
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AI analysis
How this page was produced
Tlines extracted the conclusion, arguments, numbers and risks above from the report published by Standard Chartered on 09/17/2026, then structured them for comparison. The publisher's own wording is reachable through the source link on this page and is displayed in full above. Last updated 10/17/2026. Methodology · Source policy · AI usage · Request a correction