BankMuscat has launched Bank Muscat e-Trade, its online trade finance service based on Misys Trade Innovation eBanking technology. The live implementation of Trade Innovation eBanking at the bank’s headquarters in Oman extends its trade finance business to customers via Internet access in real-time. The high levels of straight-through processing (STP) will reduce duplication of effort, diminish risk and result in major cost savings, according to the bank. Launched initially on a trial basis, twenty clients had registered for the trial within two months, demonstrating the demand in the region for such services, said BankMuscat.
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.