Following a collaboration with Nordic Financial Systems (NFS), SEB Merchant Banking has implemented a system offering foreign exchange execution to its corporate clients via their TMS. Electrolux has become the first company to implement this solution, which the bank claims will achieve a full e-channel/service for FX execution, confirmation and settlement. The solution employs NFS’ e-Deal Router which allows FX transactions to be executed in real-time between different systems by detecting a possible transaction in the clients’ treasury management system and routing and processing them via the Trading Station Interface. SEB and NFS integrate the information from clients’ existing treasury management systems in order to automate FX dealing from back to front office. The back office will reconcile account statements and payment instructions and automatically generate individual trades.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.