City Networks has announced that Bank BPH PBK has gone live with its CityNet Exception Processing (TIPS) module. Owned by the HVB Group, the Polish bank has now integrated the new exception processing module with their existing CityNet Cash Reconciliation (CARS) module in order to investigate and workflow treasury back office exceptions. The system is now being used by three teams in the Bank’s head office in Kracow. Bank BPH PBK is expecting to see a significant reduction in paper usage as before this automation all investigations were kept on paper. The will also have easy access to the history of exceptions and a detailed audit of activities for each case, which will avoid double investigations.
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.