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Singapore Gulf Bank adopts the 24/7 USD account book transfer service of Bank of New York Mellon (BNY), supporting corporate and retail customers to settle USD payments on weekends and US public holidays. This service supports account capital injection, corporate accounts payable, and cross-border fund management transactions. US dollars can be settled at any time between accounts held directly by BNY or through proxy banks. Singapore Gulf Bank is one of the first financial institutions in the world to adopt this system. Bana Akkad Azhari, Head of Global Payments and Trade EMEA at BNY, stated that round the clock USD settlement can enhance the flexibility of institutions in managing liquidity and fulfilling emergency financial obligations. (Source: Bitcoin.com News)