Latvian bank Lateko has chosen Misys’ OPICS to provide coverage and increase the efficiency of its front-to-back-office treasury operations. The contract provides the bank with web access that will deliver self-service and 24/7 availability to corporate customers. The single platform facilitates straight-through processing (STP) of a range of treasury instruments in real-time. According to Misys, the move will help Lateko bank to expand its customer base to new geographies and draw in larger customers.
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.