IATA provides a worldwide network of airline industry distribution and financial services, serving a community of over 400 airlines and 100,000 combined passenger and cargo agents in 145 countries. In 2000, IATA managed global invoicing and settlements of sales proceeds in 85 currencies with a combined value of USD 147 billion. IATA is rolling out an initiative to provide integrated distribution and financial services. The Internet-based solution allows a trading community of companies and banks to exchange transactional information and services, thereby integrating these into their financial supply chain work flows, encompassing key capabilities such as cash and liquidity management, reconciliation, payment settlement and clearing, netting, forecasting, online reporting and monitoring.
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.