Poland-based ING Bank Slaski has selected City Networks’ CityNet Reconciliation and CityNet Investigation for implementation at its Warsaw and Katowice locations. The modules of CityNet Reconciliation will be used to settle the bank’s nostro, internal and intra-day account transactions. CityNet Investigation will automate the handling of any exceptions resulting from the reconciliations process reducing the need for manual intervention, said City Networks. The bank previously performed its investigations using a packaged reconciliation software solution supplemented with manual process steps.
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.