UK bank HBOS has implemented City Networks’ CityNet e-Confirmation Matching (eTRAM) solution. HBOS, formed from the merger of the Halifax Group and The Bank of Scotland in 2001, selected the product for use in the UK for inter-branch deals, which average 500 to 1000 transactions per day. The solution will enable Internet/Intranet access to the bank’s existing confirmation matching system – TRAM. It will ensure that all parties have access to real-time confirmation affirmation and will enable the Treasury department to track the status of confirmations.Having previously faxed or posted confirmations, the bank will now be able to view the confirmations via a web browser.
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.