ABN AMRO has signed an agreement which extends and builds on KeyCorp’s existing trade outsourcing mandate. KeyCorp, one of the largest bank-based financial services companies in the US, outsourced its trade finance services processing to ABN AMRO three years ago. KeyBank’s Global Trade Services Group has now signed a contract extending the partnership to take full advantage of ABN AMRO’s trade services, and is seeking to identify and exploit new business opportunities. As a part of the extended partnership, ABN AMRO will develop an activity ‘dashboard’ to satisfy KeyCorp’s management information needs. Analyzing critical data from multiple perspectives, including analysis by customer, product, sub-product and transaction type will enable KeyBank to improve its customer response time, track and control transactions with precision and more effectively manage funding and cash flow.
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.