KfW is Germany’s promotional bank for the domestic economy and the official development bank for countries in transition and developing countries. Deployed in their Frankfurt office, KfW will use Summit for their front, middle and back office processing requirements. The Summit software suite will provide comprehensive coverage of the banks interest rate derivatives, bond and bond options, FX and money market as well futures and listed options. Summit will operate with an NT front end on an IBM AIX Server and Oracle database. Summit will replace three in-house legacy systems.
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.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.