The Bank of New York is offering its US financial institution clients a way of making international fund transfers which it says will significantly simplify payment processing and expand the range of funds transfer services they offer their clients. The bank said it’s service, Persutte – Global FAST DirectPaySM, allows US financial institutions to make international funds transfer payments in both US dollars and foreign currencies using their existing funds transfer systems. The bank has joined with Fundtech, to link its PAYplus USA system with Persutte for international payment processing. New features include international payment templates, automated foreign exchange rate feeds, and a foreign currency conversion calculator with mark-up capabilities.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.