Siam Commercial Bank, one of the top four banks in Thailand, announced that it has gone live with the launch of ‘scb-fx,’ a web based Foreign Exchange trading service using the Cognotec AutoDeal LITE e-commerce platform. The bank, which has a network of over 400 branches across Thailand, is currently rolling the service out to its branch network and its corporate clients and plans to extend the service through its network across the Southeast Asian region. Siam Commercial bank is the first Thai bank to announce the launch of a web based FX trading service. Through the Liquidity Linq feature, the bank plans to use a liquidity providing institution to enable it to provide a 12-hour a day service in all major and Southeast Asian currencies to its branches and clients.
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.