JPMorgan TS has launched a multi-currency notional pooling service. The service is a high value option for banks and non-bank financial institutions to optimize their end-of-day currency positions across euros and U.S. dollars, according to the company. The bank stressed that no interest is charged on self-funded cross-currency positions and there are no physical conversion of currencies. Individual currency positions remain unaltered. In addition, the bank has made available an enhanced Secure Collections Service (SM) as part of its integrated capability for US dollar check deposits. The solution leverages technology to improve early fraud detection, speed return notification and enhance efficiency, while accelerating the check collection process and providing certainty around payment timing.
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.