Credit Libanais, a Lebanese bank, has selected Misys Equation to provide the core system for its retail banking operation. Misys Equation is used by hundreds of banks in more than 70 countries. The product will allow Credit Libanais to improve credit control and management through centralised real-time limit checking and exposure updates. In addition, it will help the bank reduce revenue leakage through enhanced process controls and ensure compliance with greater reliability and less effort. The solution meets the bank’s strict requirements for risk management, profitability analysis and new product development, which are not being met by the bank’s current solution.
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.