SVPCO-Check Services, the US national check processing business of The Clearing House Payments Company, has launched SVPCO Online Adjustments, the successor to SVPCO’s EDIBANX online adjustments platform. SVPCO Online Adjustments, a web-based application, digitizes the adjustments process, allowing institutions to expedite the reconciling of exceptions. In another venture, VECTORsgi, a leading provider of transaction processing solutions, has developed software for SVPCO’s Gateway DTA (Distributed Traffic Agent). The Gateway DTA will provide an additional access alternative to make it economically possible for regional and smaller depository financial institutions to send image exchange files through the SVPCO network. This is an expansion of the relationship between the two organizations, which began when VECTORsgi was selected to develop the DTA for national financial institutions and service bureaus to access the national image exchange network.
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.