A new Euro bank-to-bank reimbursement processing system has been installed by JPMorgan Treasury Services in its Bournemouth, U.K. operations centre. This proprietary system integrates Euro and USD reimbursement processing on the same operating platform, allowing dual-site processing capabilities, including common service standards, pricing parameters and functionality. ‘This new system provides a dynamic platform to further integrate Trade and Cash Management product capabilities, as well as deliver vital information to clients in ways that offer greater time and cost savings,’ said Paul Simpson, Global Head of Trade Services. The new system, which relies on Web-based ‘thin client’ technology and possesses automated data mapping capabilities, is designed to provide straight-through processing, automated discrepancy tracing, automatic debit and credit advising and automated pre-debit notification messaging. In addition, this system offers an interface to JPMorgan’s Trade Information Exchange (TIE) system.
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.