Nordea has selected Misys’ Trade Innovation to provide workflow management and complete integration for its operations in Singapore. Both Unibank and Christiania Bank have been extensive users of Midas – a Misys banking solution – in Singapore, and since the merger with MeritaNordbanken to create Nordea in 2000, Nordea Singapore has been running Midas to support its core business. Increasing demands for integration of the bank’s trade finance operation with its core business prompted an investigation of the alternatives to the existing Eximbills trade finance solution. Nordea considered a number of available trade finance systems, including solutions already used within the Nordea group and the possibility of in-house development. Ultimately however, the evaluation process resulted in the bank selecting Trade Innovation.
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.