Eurobase’s real-time front office treasury management solution, Siena, has been contracted by the Union Bank For Savings & Investment, Amman. The system is being used to support the bank’s multi-product trading operation covering FX, money market and derivatives. Full straight-through processing (STP) is facilitated using Siena’s generic import and export mechanisms. Integration with the bank’s electronic trading systems and existing Bankmaster back office system will help increase transaction processing efficiency, reducing the costs associated with trade processing and improving dealer productivity. It will also enable the front office to focus less on trade administration and trade processing and more on revenue generation across the different asset classes.
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.