Citigroup and SAP AG announced an agreement to incorporate Citibank payment services into the mySAP.com Business-to-Business Procurement solution and SAPMarkets marketplaces. The integration of Citibank payment services into mySAP.com will bring to market a fully integrated end-to-end e-commerce solution that will enable companies to streamline financial settlement processes by connecting corporate buyers, suppliers and banks using XML payment standards. Citibank payment services will accommodate same or cross-currency transactions and can provide payment settlement for suppliers dealing with unknown buyers. The enhanced e-commerce solution will provide further process efficiencies for companies planning to conduct e-business using mySAP.com and non-mySAP.com systems through automatic updates to financial postings.
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.