The Development Bank of Southern Africa (DBSA) has selected two SunGard Treasury Systems products, to meet its treasury and asset and liability management needs. AvantGard and BancWare will be used by DBSA’s treasury operation to help the bank in its role as infrastructure development finance institution. DBSA said that the choice of AvantGard and BancWare was part of its project to re-engineer business processes for greater operational efficiency and increased automation. Central to the bank’s requirements was the provision of accurate and flexible forecasting of cash flows and bank account data and, as DBSA expands its risk management and hedging activities, the ability to capture exposure information and analyse portfolios of risk.
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.