HSBC Holdings is to install Accurate NXG to provide selected parts of its Corporate, Investment Banking and Markets (CIBM) division with improved operational control and to help reduce its exposure to risk. HSBC will roll out Accurate NXG across various business lines to standardise reconciliation processes and will also employ Accurate’s ‘Dashboard’ technology to deliver business intelligence and on-line management information. NXG already supports HSBC Private Bank in Geneva and in Hong Kong, and Accurate Software has a partnership with HSBC’s Global Payments and Cash Management division.
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.