The Universal Bank in Cyprus, a listed company at the Cyprus Stock Exchange, has been named as the first customer of the Temenos and TLC Risk Solutions alliance, which provides Basel II compliant credit and operational risk banking solutions. The alliance, formed in October 2004, allows banks to integrate TLC’s Basel II product with Temenos’s core banking systems. Through the alliance, TLC can extract transactional and historical data directly from Temenos’s core banking systems, including Temenos T24, which is then imported into the barracuda software.
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.