US-based Wall Street Systems has launched a payments solution that enables banks to obtain outsourcing business from corporates, where the corporates are looking to outsource and centralize their accounts payable processing. The solution is based on the cash management and commercial payments function of The Wall Street System treasury and capital markets solution. The payments solution provides security, audit features and allows clients to convert cross-border wire transfers to cheaper local or cost free internal payments.
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.