Working in Partnership with SAP AG and TSI International Software, Citibank has developed new services to integrate with the SAP/R3 accounting system. ‘We are very glad about the successful certification of the interface between Citibanking and R/3,’ said Dr. Martin Hofmann, manager of SAP’s Complementary Software Program Europe. ‘The certification will not only serve our mutual customers through the provision of a stable interface. It is also a further step towards a close and valuable partnership with Citibank, one of the largest banks in the world.’ Citibank also announced that it has selected TSI International Software’s Mercator® for R/3 as the secured accounts payable interface between SAP R/3 and Citibanking. Citibank will use TSI’s Mercator mapping software to translate information from a standard SAP format (IDoc format) into a format that can be imported into Citibanking. In addition, the Mercator approach will provide users with the capability of making third party payments.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.