Trema announced that UPM-Kymmene will become the first company to pilot Finance mKIT, resulting in the world’s first mobile treasury and risk management solution based on the WAP (Wireless Application Protocol) standard. UPM-Kymmene treasury personnel will be able to manage the Group’s financial exposure, enter deals and access mission critical information from a WAP-enabled mobile phone or palmtop computer. When implementation is complete, UPM-Kymmene’s treasury and risk managers will be able to access key figures of their positions, such as FX exposure, IR exposure, market value and unrealized result. Finance mKIT can also send alerts to the mobile device when specified events occur or limits are exceeded.
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.