Citibank’s Global Transaction Services unit, has announced the creation of a global data repository that allows commercial card clients insight into their corporate spending patterns globally. The Citibank Global Data Repository is a proprietary Citigroup capability, consolidating data for reporting and file delivery from 15 countries, growing to a total of 30 countries projected by year-end. In addition to consolidating clients’ data from their commercial card transactions, the Citibank Global Data Repository incorporates enhanced, line-item detail, as well as data from other sources such as account administration. This consolidated global data is provided back to the client via file delivery and can be integrated with a variety of financial systems. Previously, this information was consolidated at the country level and was not available to clients at a global level without extensive data re-keying and file manipulation.
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.