Temenos and TLC Consulting have formed a strategic alliance to offer their customers a selection of credit risk banking solutions which are compliant with the Basel II accord. Tenemos said that the alliance responds to the industry’s need for a core banking system solution with integrated credit risk. TLC will be one of a selected number of companies with an interface into the Temenos T24 product and will have the ability to extract transactional and historical data direct from it. The data will be imported into TLC’s Barracuda software which will calculate current exposure, applying transaction, facility and counterparty level mitigation and calculating Risk Weighted Assets (RWA) for the Standardised, Foundation or Advanced approaches to Basel II.
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.