Temenos has revealed that Industrial Bank of Korea (IBK) has gone live on its CoreBanking offering. The system, which went live last month, enables IBK to have non-stop processing and shorter product development periods. IBK stands as one of Asia’s top 100 banks in assets. CoreBanking, jointly implemented by IBM Korea and IBK, will operate IBK’s 391 branches throughout Korea, offering 24/7 non-stop processing. These branches serve 10 million customers with 15 million active accounts, and their 2,358 ATMs/CDs generate an average of 10 million transactions per day, peaking at 15 million.
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.