The State Bank of India has gone live with Mysis’ Midas and Trade Innovation products for the bank’s Singapore operations. The new systems will, according to Misys, help the bank meet the SAS 33 accounting requirements and automate reporting to the Monetary Authority of Singapore. The implementation will also strengthen internal controls and enable the bank to meet the necessary compliance standards. Misys said that the integrated systems will provide the bank with a more consolidated view of all transactions, facilitating better risk management. Furthermore, by offering common SWIFT message routing and delivery, Midas and Trade Innovation will eliminate duplication while ensuring accuracy and control, according to Mysis.
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.