Postgirot Bank AB, Sweden, has been appointed as the clearing bank for the Eurogiro community’s payments in euro, effective 1 November 2001. The appointment is part of a programme to rationalise the way in which euro-denominated payments are processed between the 32 members of the Eurogiro Association. Postgirot Bank was in competition with several other European Banks. The system infrastructure for the service will be provided by mpct Solutions’ ATLAS Payments Engine. This will allow members of the Association to access payment and balance information via a standard browser.
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.