Cable & Wireless has launched its own unique SWIFT operating code for its Real Time Nostro (RTN) service. This code means that banks will now be able to provide data into the RTN hub and users will be able to source their consolidated reports over SWIFTNet using a single SWIFT address. This highlights the importance of SWIFTNet cash reporting and is a clear indication of the requirement for real time information in this area. Alister Hoad, programme director, financial services, Cable & Wireless, said, ‘The approval from SWIFT for Cable & Wireless to be connected to SWIFTNet is an important development in driving both cash reporting standards and utilising SWIFTNet as the preferred mechanism to deliver information into the RTN hub. Such a development underlines the industry momentum behind real-time cash reporting and the position it has as a key industry initiative.’
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.