LogicaCMG has joined forces with Sterling Commerce to create an EBA Connection solution enabling financial institutions to maximise opportunities created in the Eurozone as a result of the Euro Banking Association’s deployment of EBA STEP2. EBA STEP2 is a pan-European automated clearing house for high-volume, low-value transactions and bulk payments. STEP2 distributes payment instructions to any bank operating in the European Union by routing files through a central infrastructure. The automated process reduces the customer payment processing costs that continue to increase as new regulations on cross-border payments come into force in Europe. The EBA Connection – designed by LogicaCMG and powered by Sterling Commerce’s Sterling Integrator – provides end-to-end integration of the EBA STEP2 business process between the bank and the clearing system.
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.