FES is the managed service that allows organisations to process and route electronic payment instructions to their domestic and international banking partners. By adopting the FES Remittance Advice Delivery Service, banks can offer the service, branded as their own, to their corporate customers as an extension of their existing payment facilities and cash management offerings. The managed service will allow customers to outsource all their remittance document delivery directly to their bank. The FES Remittance Advice Delivery Service enables companies who make large numbers of international and domestic supplier payments to eliminate traditional postal and fax remittance distribution. Burns also announced the launch of Burns Business Exchange (beX) Remittance Advice Delivery Service, making the managed service available directly to corporate clients of Burns.
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.