Banco Sabadell, the fourth-largest bank in Spain, has selected TEMENOS T24 to support the retail, commercial, treasury and private banking activities for its Miami, U.S., branch. Implementation began in July 2004, with completion expected within one year. TEMENOS T24 will run on a UNIX platform with an Oracle database and will replace legacy systems. Banco Sabadell has assets of €44bn.
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.