Bank of Beijing (BoB) has chosen Misys Opics and Misys Trade Innovation to run its trade finance and treasury management services. The combined solution will allow the bank to develop and enhance its existing international and corporate banking capabilities. Implementation will be completed in the third quarter of 2005. Before choosing Misys, the bank ran a six month evaluation process in which three treasury and four trade finance solutions were reviewed. Misys was found to be the only vendor able to provide a solution covering the two business areas. In addition, the Bank of Beijing team was impressed by the global strength and support offered by Misys, as well as its knowledge of the local Chinese market. Since choosing Misys, Bank of Beijing has become the first bank in China to go live on a true STP (straight through processing) treasury 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.