The Bulgarian National Bank (BNB) in Sofia has selected Sterci’s Stematch for reconciliation. Stematch is used for cash and securities positions reconciliation. BNB is also using the Stematch options for interest calculation, long-term archiving and cash management on Nostro accounts. An IT expert at BNB said: “With this Stematch implementation, the main benefits for the bank are the reduction of the operational risks with early detection of exceptions, easy investigations via SWIFT queries and e-mail. We have selected Stematch based on a proof of concept and we have been impressed by the fast project implementation thanks to Global Consulting Ltd, Sterci’s local partner in Sofia.”
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.