Grindlays Qatar Bank (GQB) has implemented Misys Retail Banking’s Equation banking system. Previously, GQB employed the IT infrastructure supported by its shareholder, Standard Chartered Bank. However, in June this year Standard Chartered Bank sold its 40 per cent equity to the remaining shareholders. Whilst it was agreed that Standard Chartered Bank would continue to provide support services for twelve months, GQB explained that it required its own infrastructure to be in place at the end of that time. With the exception of two specialised applications, GQB now relies entirely on Misys Retail Banking Systems for software and IBM for hardware.
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.