This seamless interface eliminates the need for clients to spend time and money developing their own interfaces in order to link their enterprise system to their bank. The new software, ‘Bank of America Enterprise Gateway’ , is one of the first software applications allowing clients to transmit payment and collection orders directly from their SAP R/3 solution to the bank and to automatically accept account reconcilement information from the bank. ‘By providing a single ‘gateway’ to the bank’s global payments and collections networks, Enterprise Gateway will provide clients with improved connectivity with their financial institutions,’ said Keith Tayler, Vice President Product Development-Information Technology, Bank of America Global Treasury Services. ‘This seamless interface eliminates the need for clients to spend time and money developing their own interfaces in order to link their enterprise system to their bank.’
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.