The Electronic Payments Network (EPN) is offering financial institutions the option of connecting to its ACH network via SWIFTNet. According to EPN, its customers are evaluating the use of their existing SWIFTNet connection as a primary or contingency connection for transmitting and receiving ACH transactions. ‘The SWIFTNet alternative provides a cost-effective means of transmitting files to and from EPN,’ said the Network. ‘By leveraging their investment, new customers with large volume will be able to connect to EPN without the expense of adding a private line.’
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.