According to new research by Greenwich Associates, 44% of the world’s largest institutional treasurers report using some type of treasury management system (TMS) by the start of 2002, up from 36% 12 months before. Nearly half (48%) of all large corporations use TMS’s, also up from 36%. The trend is particularly pronounced among institutions with over $10 billion in annual foreign exchange trading volume, where the percentage rose from 44% at the end of 2000 to 53% at the end of 2001. More than half of institutions trading between $1-10 billion uses a TMS as well. Greenwich research revealed that SunGard has the most users by far of any single system, and particularly among corporate users, another area of growth in 2001. But several systems with smaller client bases enjoy higher levels of customer satisfaction, specifically XRT-CERG, IntegraT, Simcorp, Chase Insight, and other providers of specialized foreign exchange and risk management software, including Fxpress and Financial CAD.
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.