Fundtech, a provider of global electronic payments, settlement and cash management solutions, has formed a strategic alliance and signed a partnership agreement with Aurum Technology, a leading provider of information technology services to community and mid-tier financial institutions in the US. Under the agreement, Aurum will promote Fundtech’s PAYplus USA product to its MISER software customer base. The two companies will integrate Fundtech’s PAYplus USATM funds transfer payment system with Aurum’s MISER Enterprise Automation System. By integrating the two solutions, banks can leverage two complementary systems to streamline and automate many functions associated with wire-transfer actions in a real-time processing environment. In doing so, banks will realize reduced operational costs, as well as a reduction in operator and system errors.
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.