Nordea and Microsoft have announced an agreement to work together to speed up the implementation of internet-based payment standards for corporate customers across the EMEA region. The two partners are developing an Identrus-backed internet payment infrastructure that will enable corporates to support new XML-based standards such as SWIFT ISO 15022. Under the agreement, Microsoft will implement a banking interface for businesses seeking a solution for international payments, over open internet, that will automatically translate different messaging formats and standards. The payment solution covers the entire business-to-business value chain, from pre-trade to settlement, and automatically routes messages concerning financial transactions to the relevant banks. The solution incorporates Identrus PKI security as well as SWIFT TrustAct internet-based messaging and payments 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.