Cambista Technologies Ltd and Generated Systems Technologies, Inc. are jointly developing a high volume payment solution using Java technology. Both firms are part of the Sun Microsystems-sponsored Java Payments Network. Likely to be available in the first quarter 2005, Batch Wire Server will combine Cambista’s newly announced Universal Payment Engine and J2EE iB@nk server with GST’s Payment File Wizard technology to accept high volume, high value payment files in any format, translate the payments for the appropriate payment network and route the payments to a bank’s back office system. GST’s software for NACHA to Fedwire conversion is being extended to include SWIFT and European payment-type translation. The Batch Wire Server is the first product resulting from Sun Microsystems’ strategy to bring software and service companies together with banks to identify key payment software components needed by the financial services industry.
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.