Fundtech has announced the introduction of PAYplus Liquidity Manager, a system that helps banks track and manage their global liquidity more accurately. PAYplus Liquidity Manager consolidates all positions into a single system, enabling banks to improve their liquidity control whilst lowering their exposure to risk and errors. With this tool, Fundtech believes banks can reduce borrowing costs while maximizing investment income. PAYplus Liquidity Manager allows financial institutions to automate the collection of transaction information; track liquidity positions from multiple systems and entities; and to actively manage the flow of funds. “Currently, very few banks have the centralized data and analytical tools needed to forecast intra-day cash positions. PAYplus Liquidity Manager is a rules-based solution that meets this need by ensuring more efficient control and management of multi-currency, multi-bank liquidity assets across bank accounts, clearing systems, and central bank channels,” states Michael Sgroe, President and COO at Fundtech.
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.