Finance House, a public joint stock company, has signed an agreement with Temenos on 2 December 2004, to set up its core banking solution (Temenos T24) and branch automation. Finance House will be launched in March 2005, with a capital of AE$200m, offering consumer and commercial financing services, including Islamic finance, for Abu Dhabi. Finance House selected Temenos T24 after an extensive and thorough evaluation process, with the involvement of external consultants. Mohammed Alqubaisi, chairman of Finance House says: “We ensured that the selection process was detailed and rigorous, in order to arrive at the most suitable vendor that will help us achieve our business goals.
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.