Financial Network Services (FNS) has entered into a strategic alliance with City Networks to explore the integration of CityNet Confirmation Matching and CityNet Reconciliation modules with the BANCS treasury solution. Commenting on the move, Costa Christodoulou, CEO at City Networks said: ‘This [partnership] will allow FNS’s clients to achieve STP and remove the need for manual intervention.’ Akhter Khan, Director of Operations, Australasia at City Networks added: ‘This relationship with FNS offers us opportunities to extend our international presence within our target market of the top tier banks.’
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.