Bank of America Global Treasury Services (GTS) has developed a remote deposit service for electronically clearing and settling checks. The service will provide its US clients with the ability to convert checks in their offices to ACH, based on ARC rules where eligible, and also use image-based technology to truncate remaining checks for electronic processing. The solution incorporates remote capture, decisioning and processing – including the creation of substitute checks/image replacement documents (IRDs), for electronic check processing, clearing and settlement.
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.