The European Investment Bank has selected Trema Finance KIT, a real-time straight-through processing treasury, cash, risk and asset management system, as the backbone system to manage its entire treasury, borrowing and lending operations. The EIB will use Trema Finance KIT to re-engineer and integrate its processes, manage risk and gain greater efficiencies by consolidating its operations into one system. This announcement is the culmination of an extensive project by EIB which involved comprehensive business analysis examining how processes and business areas could be integrated to deliver operational improvements and enhanced risk management. The EIB then looked to the market for a solution that could suitably re-engineer its workflows and processes as well as deliver the level of specific functionality required for the different areas of its business. One of the EIB’s major requirements was for an integrated front, middle and back office system that could consolidate information and processes from different business areas. The bank will use Trema Finance KIT to consolidate all of the it’s processes into a single platform replacing multiple systems and eliminating numerous interfaces.
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.