Kyriba and Commerzbank will develop an Internet portal intended for the financial departments of corporations, the international banking network and other service providers. Through this portal, corporations will have access to all German banks and to most European banks. They will thus be able to order their payments in a secure way, to manage treasury and foreign exchange risk on line, and to access data and reports about financial markets. The service will commence in August, 2000. Kyriba Corporation, 50% owned by XRT-CERG, brings its financial ‘ metamediary ‘ know-how, that is a highly secured infrastructure for the distribution of financial services. Kyriba’s approach is to allow corporations to access ‘ impartially ‘ a great number of services, such as factoring, loans, financial markets information, portfolio management and all banking services. Kyriba also provides the technology required for the integration of its services with transactional ERP (Enterprise Resource Planning) systems, e-procurement solutions and B to B marketplaces.
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.