The Interactive Financial eXchange (IFX) Forum, part of the International Standards Team Harmonisation (ISTH) initiative, is to include support for the initiative’s XML core payment kernel for corporate-to-bank payment initiation and status messages in the next version of the IFX specification. The IFX architecture committee is now reviewing – and expects to adopt – two variations of direct support for the payment kernel as early as late summer 2004. In one case, IFX payment messages may include a ‘wrapper’ that can include the payment kernel data in a form that can be passed directly to other systems unaltered, said IFX. In the second case, the same data will be represented, or mapped, in terms familiar to users of the current IFX standards. In both cases the key IFX characteristics of predictability and extensibility will be maintained, it added.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.