Cambista Technologies, a new financial software and services provider, has successfully completed a management buy-out of Brokat’s EMEA e-finance businesses. The deal included business infrastructure, IP rights to a range of banking applications and a customer base of 20 banks across Europe and the Middle East – all of the building blocks required to establish a successful new venture. Cambista will sell a complete range of applications from retail banking to high-end corporate cash management. These applications will be offered on a 100 per cent Java (J2EE compliant) business platform known as the Cambista Financial Framework. The Framework, which runs on any J2EE application server, will provide major technical and business benefits for customers, allowing them to rapidly deliver new products and services to market whilst leveraging existing investments in IT infrastructure.
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.