Bank Austria Creditanstalt has gone live with Fundtech’s Global PAYplus in the Czech Republic and Hungary. The bank will roll out the payment service in Slovakia, Slovenia and Croatia in the next few months. Global PAYplus was selected because of its multi-bank capability and because its rules-based architecture will enable the bank to process a large volume of payments with a high degree of automation. This is especially important because the payments will have to conform to the unique mandates and message standards set by each country, as well as foreign exchange standards, the bank said.
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.