Treasury management systems provider Eurobase Banking Solutions will supply British Arab Commercial Bank (BACB) with its Java-based treasury management solution, Siena. The system will support BACB’s front and middle-office treasury operations in London, facilitating straight-through processing and lowering transaction-processing costs, according to Eurobase. Siena, a ‘continuously evolving system’, supports all major treasury instruments, providing real-time positional, exposure, cashflow, risk and credit information. Sienna is both XML and Web enabled and its global trading and management functionality has been designed to maximise an organisation’s capital throughout a 24-hour trading day. This is supported by an extensive settlement and real-time reporting capability, providing the bank with full control of its treasury function.
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.