City Networks and its strategic partner Misys announced that HypoVereinsbank will implement the latest version of Misys’s Midas Confirmation Matching solution, powered by City Networks’ CityNet Matching. The upgraded solution will start in London and is expected to be rolled out to remaining treasury processing and matching branches, including New York, Singapore, Tokyo and Athens. The solution eliminates manual input and therefore provides a cost effective improvement by reducing operational costs and losses. The matching facility maximises match rates and highlights exceptions in real time, controlling the payment process based on the confirmation matching result.
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.