[Singapore Gulf Bank Adopts BNY's 24/7 USD Settlement Service, Covering Weekends and U.S. Public Holidays] Odaily Planet Daily News: Singapore Gulf Bank has adopted BNY Mellon’s 24/7 USD book transfer service, allowing eligible corporate and retail clients to settle qualified USD payments during weekends and U.S. public holidays. The service supports account funding, corporate payables, and time-sensitive cross-border fund management transactions. USD can be settled at any time between qualified accounts held directly at BNY or through intermediary banks connected to the network. Singapore Gulf Bank stated that it is among the first financial institutions globally to adopt this system. Bana Akkad Azhari, Head of BNY Global Payments and Trade for EMEA, noted that round-the-clock USD settlement enhances institutional liquidity management and provides flexibility in meeting urgent financial obligations. The service is only available to eligible institutions and accounts and does not replicate the permissionless blockchain settlement model. (Bitcoin.com News)