Thailand’s Bank for Agriculture and Agricultural Cooperatives (BAAC) has signed a deal with TEMENOS to implement its supply core banking system to BAAC and its 600 branches. According to the bank, the solution will upgrade several of its key business areas including customer information facilities (CIF), retail loans, deposits, branch automation, Management Information Systems (MIS), and treasury services. The implementation was undertaken by BAAC in line with its objectives to seek new business channels for the bank, which include ATMs, online banking, debit and credit cards.
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.