IBM has launched Wholesale Payment Solution, an initiative that combines software, hardware and consulting services to enable financial institutions to upgrade and customise their payments systems. The solution is intended to help financial institutions decouple existing payments systems and processes into individual business components, in order to consolidate duplicated functionality and processes. ‘Through a combination of business transformation outsourcing and in-situ re-engineering, [companies] can then reintegrate them, further reducing costs and improving operational efficiency,’ said IBM. The new tool will enable banks to consolidate redundant duplicate systems and enhance components in a step-by-step fashion, rather than in having to adopt a ‘rip and replace’ approach with its attendant high risks and costs, 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.