Singapore Gulf Bank (SGB) has bolstered its global banking prowess by establishing a correspondent banking relationship with J.P. Morgan.

Enhanced USD Clearing Networks

This partnership grants SGB direct access to J.P. Morgan’s robust USD clearing networks, thereby improving the bank’s ability to offer efficient and secure cross-border payment services to its corporate and institutional clients.

The expanded network also integrates with SGB Net, a real-time settlement infrastructure, enabling comprehensive omnichannel settlement capabilities that allow clients to manage liquidity across multiple geographies more effectively.

Adoption of Wire 365 for Uninterrupted Service

SGB is one of the first digital banks in the Middle East and North Africa (MENA) region to adopt J.P. Morgan Payments’ Wire 365 solution, which facilitates USD clearing 365 days a year.

By eliminating traditional cut-off times, this service ensures near real-time access to cross-border payments even on weekends and public holidays, optimizing cash flow management and enhancing overall service reliability.

J.P. Morgan Payments processes over USD 10 trillion in daily payments across more than 160 countries supporting over 120 currencies, providing SGB with a reliable network for faster settlement times, reduced transaction risk, and improved capital mobility.

Recent Innovations

In recent developments, SGB has launched its corporate banking services in late 2024 and introduced SGB Net in May 2025. Additionally, the bank has partnered with digital asset infrastructure provider Fireblocks to support secure treasury management and digital asset custody.

These initiatives collectively enhance SGB’s provision of simple multi-currency and cross-border payment solutions, underscoring the increasing integration of digital banking services into traditional financial systems.