Most corporate clients want to improve the straight through processing (STP) rate between their back office and the bank, according to a survey conducted by Fundtech. The survey polled 58 senior level managers from 22 of the world’s most influential banks in December. All of the respondents said that their corporate clients are aware of the STP rate between their back office and the bank and that 54 per cent of them are actively working to improve this rate. The survey also revealed that 55 per cent of the respondents’ institutions are more interested in outsourcing this year than last year, but only 13 per cent felt the potential for outsourcing had decreased.
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.