Saudi Arabia firm, Al Faisaliah Group (AFG), has selected SimCorp’s IT/2 solution as its treasury management system. IT/2 will be integrated into AFG’s enterprise resource management system and used for a range of treasury and cash management functions. AFG will use IT/2 to help minimise its administrative workload, allowing its treasury team to focus more on value added activities such as improving risk management, forecasting and treasury strategy, according to the company.
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.