Fundtech has announced two new orders for its payments product, Global PAYplus totalling approximately $10 million. The orders were received from Bank Austria Creditanstalt and from a large existing customer; revenues from these orders will be recognized over the implementation periods of the two projects. Bank Austria Creditanstalt has selected Global PAYplus to be its new payments platform. The two-year phased roll-out of GPP will cover up to 16 countries throughout the Central and Eastern European region, beginning with the Czech Republic and Hungary in 2003. The organisation has signed 44 new PAYplus USA clients over the last 12 months.
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.