Deutsche Bank’s Global Cash Management division has launch a web-based European lockbox service for domestic and cross-border cheques, called db-lockbox. The service is already available in Germany to Deutsche’s medium-sized and large retail and wholesale corporate customers, and will be introduced in the United Kingdom and France in the fourth quarter of 2002. db-lockbox takes care of incoming cheque processing by providing a decentralised cheque remittance, collections and document management solution. Deutsche also announced a new capability that allows the direct acceptance of payment and collection instructions generated from SAP R/3 in the generic outbound IDOC PEXR2001 format. This capability is being rolled-out in 15 countries across Europe and enables SAP R/3 customers to send IDOCformatted payment and collection instructions directly to Deutsche Bank’s db-worldPAS processing service.
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.