Unisys VisualArchive will be licensed as an independent image archive solution for payment systems. It captures images and stores a wide range of transaction information, such as cancelled checks, deposited items, image statements and reconciliation reports. Both retail banks and commercial institutions have implemented VisualArchive. ‘The use of VisualArchive has resulted in significant improvements to our levels of back-office efficiency, reducing or eliminating many labor-intensive processes and saving considerable time and money,’ said Robert W. Sonnenberg, senior vice president and manager of Cash Management at Riggs Bank. ‘The fact that we are able to deliver more accurate and timely account reconciliation also represents a major enhancement in overall service quality, with a positive impact on our competitive position.’
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.