SmartStream Technologies have implemented its TLM Reconciliations and Exception Management product for UBS Investment Bank. The tool will initially be rolled out to approximately 450 concurrent users globally to manage cash reconciliations for the investment bank. The first two phases of this global rollout have provided 350 users in the Asia Pacific and EMEA regions with access to TLM. Phase three will extend the implementation to cover the North American region in mid October. Meanwhile Smartstream Technologies has partnered up with CCH Capital Changes to deliver an integrated corporate actions product. The link allows customers to use SmartStream’s corporate action processing application and CCH’s corporate actions adjusted basis and tax content simultaneously – providing the facts and figures needed to properly report the tax consequences of corporate actions.
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.