New research from TowerGroup claims that an increasing focus on risk management will trigger a range of strategic technology initiatives in the commercial lending sector. The report argues that commercial lending is plagued by too many systems, too many manual processes and too much operating expense. ‘Though the technology exists to address many of the industry’s current challenges, the organizational structure and history of most commercial lending units have tended to thwart efforts to collaborate on unified systems,’ the firm asserts. According to the report, the next 10 years will witness a ‘profound’ change in both the sector and its technology due to an industry-wide shift from managing credit to managing assets and the growing primacy of risk management. In addition, the credit and operational risk requirements of the new Basel II Accord are expected to make risk management the ‘spark that ignites the coming breakthrough’ in commercial lending technology.
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.