Banca Transilvania is to employ City Networks’ CityNet Reconciliation for Cash and ATM modules at the bank’s Romanian locations. The modules will reconcile the bank’s nostro accounts, ATM network transactions and card transactions, according to City Networks. Automation of the bank’s manual and spreadsheet-aided reconciliation process will enable staff to focus increasingly on exception processing, said City Networks.
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.