Philippines Savings Bank (PSBank) has selected OPICS, the treasury and capital markets solution from Misys Wholesale Banking Systems, to reduce risk and increase efficiency in its IT infrastructure. With OPICS set to go live by the second half of the year, anticipated improvements in treasury operations include higher efficiency and accuracy in the front, middle and back office, enhanced transaction flow, better risk management through volume and stop-loss limits, and inventory management of securities. In an unrelated move, the Industrial and Commercial Bank of China (ICBC) has agreed to implement Misys Midas and Trade Innovation products. The products will allow the bank to run up to 15 international branches from a single overseas data centre hub. ICBC’s new branch in Macau was the first to go live with the global hub. The implementation was completed in an aggressive ten-week timeframe to support the branch’s opening in May. Implementation has now begun across branches in Singapore, Tokyo, Seoul and Hong Kong.
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.