HSBC Corporate, Investment Banking and Markets (CIBM) has announced it will join SunGard’s AvantGard e-Treasury eXchange network. This alliance will provide HSBC customers who use SunGard’s treasury workstation software with a window to the bank’s global payments and cash management solutions for real time and batch payment execution, as well as account balance information and transaction reporting. The AvantGard-ETX capability should help users achieve higher levels of straight through processing for their payment transactions and associated financial reporting. The automated integration of financial reports into a customers’ cash position will provide accurate and timely information to treasurers, helping them better optimise their cash positions.
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.