The latest release of SimCorp’s corporate treasury management system, IT/2 version 5.1, has been launched, designed to strengthen the system’s cash management process and risk scenario analysis functionalities. SimCorp explained that improvements have also been made to the system’s facilities for internet banking, hedge accounting and the IT/2 NET subsidiary communications module. Cash concentration has been added to the system’s cash management function, allowing cash managers to set target balance and threshold amounts for designated accounts. Other enhancements to IT/2’s cash management functionality include automatic shadow administration of bank run zero-balancing services and extensions to its notional pooling capabilities that include pool benefit analysis and interest reallocation.
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.