The latest release of CitiDirect Online Banking has gone live for client use and features a number of enhancements, according to Citigroup Global Transaction Services. These include a web-based corporate banking and information delivery platform and extended functionality. The release also provides clients with the ability to make payments in eleven additional countries and collections in five other new countries. Corporate clients and financial institutions can use CitiDirect Online Banking to initiate payment and trade transactions, as well as access netting, collections, liquidity management and multibank cash concentration services. CitiDirect also supports WorldLink Multicurrency Transaction Services and Citibank CLS Settlement Services, and enables users to generate or track insurance letters of credit.
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.