Dresdner Bank, a part of the Allianz Group, has chosen SunGard’s MINT product to centrally process the group’s global messaging traffic and to provide a consolidated operations solution for its upgrade to SWIFTNet. According to SunGard Business Integration, an operating group of SunGard, Dresdner Bank needed a financial messaging solution with high performance and scalability in order to process large numbers of messages per day. The ability to consolidate network operations for multiple SWIFTNet application services such as FIN, generic FileAct/ InterAct, CREST, FIX, Euroclear and Clearstream was also needed. With the mandatory change from X.25 to IP in the SWIFT Network, Dresdner Bank, like all other SWIFT member banks, is obliged to upgrade to the forthcoming messaging standards by the end of 2004.
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.