According to a survey conducted at Fundtech’s second International Client Forum in December last year, 53 per cent of banking executives expect to increase their spending on outsourced applications and processing over the next three years. This is consistent with recent research from TowerGroup that projects outsourcing in the payments segment to increase significantly faster than the overall industry with a predicted growth rate of 6.5 per cent. Furthermore, 45 per cent of respondents saw real-time nostro as the initiative with the biggest impact on their business in the long term. Fifty seven per cent of the respondents are planning to use SWIFTNet beyond traditional FIN messages as of 2004/05.
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.