Ingram Industries uses link from Selkirk’s Treasury ManagerTM workstation to send wires over Internet to Bank of America. This new link employs leading-edge technology to allow Selkirk customers to securely transmit Fedwire payments directly from Treasury Manager(tm) to their bank. Through Selkirk’s payment link, Ingram transmits encrypted Fedwire payment information to the bank using Internet file transfer protocol (FTP). Upon receipt of Ingram’s file, the bank verifies the payment information and sends it to the Federal Reserve. Within minutes, the bank sends Ingram confirmation via the Internet that the payment has been successfully completed, including the Fedwire reference number. By using this advanced link, Selkirk corporate customers achieve a much faster and more reliable means of releasing electronic payments to the bank. Equally important, by issuing electronic payments such as trade settlements and forecasted payments directly from Treasury Manager, treasury operations can eliminate the costly and error-prone re-keying of data.
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.