Misys Wholesale Banking Systems has announced that Vneshtorgbank (VTB), Bank for Foreign Trade, one of the three largest universal banks in Russia, has chosen Misys Trade Innovation for its trade finance operations. As one of the country’s largest banks, VTB has a wide network of branches in Russia and abroad and is still expanding. Misys said that its Trade Innovation product had seen 23 new customers signed in the last twelve months, and it now has a total of 163 customers in 220 sites across the world. Misys Wholesale Banking Systems has reached agreements with four major banks to implement its global processing solution, MidasPlus. The banks include HBOS, OCBC, Industrial and Commercial Bank of China (ICBC) and Bank of India. All of these banks will be using MidasPlus for global processing, allowing them to run one central system internationally instead of supporting different technologies worldwide. HBOS and Bank of India are currently implementing the solution, whilst OCBC and ICBC are starting initial rollout planning. This brings the total number of customers for MidasPlus to 17
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.