Cable & Wireless has announced the commercial availability of its new subscription-based online information service for the international payments industry – Cable & Wireless Real Time Nostro (Cable & Wireless RTN). Bangkok Bank and RBC Global Services, a division of RBC Financial Group, intend to provide data for Cable & Wireless RTN, while Dresdner Kleinwort Wasserstein will trial the service. The news represents a significant milestone in establishing Cable & Wireless RTN as the industry platform for sharing Nostro account balance and transaction details within the banking community and follows agreements from ANZ, Barclays, JPMorgan and Mizuho to provide data to the service, announced in May this year.
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.