Raiffeisenbank a.s Prague, the Czech subsidiary of Austria’s RZB, has gone live with their CityNet Cash Reconciliation (CARS) module. The Bank is using the CityNet Cash Reconciliation (CARS) module for all foreign Nostro reconciliations as well as for numerous internal accounts at the Prague Head Office and across its branch network. Previous to implementing this solution, the bank’s staff coped with a largely manual reconciliation process, which consumed valuable time. Raiffeisenbank is a network bank of RZB, the central institution of the Raiffeisen Banking Group, The RZB Group has 13 network banks and 2 representative offices spread across 13 Central and Eastern European countries.
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.