Fundtech has opened its SWIFTNet Service Bureau to corporates. According to Fundtech, corporates now have access to a cost-effective connection to the SWIFT messaging network and their banks can process transactions in an STP environment. This also translates into fewer interfaces to enterprise resource planning (ERP) systems and other in-house applications. Operated by bbp, Fundtech’s Swiss subsidiary, the service is an interbank solution that enables corporations to send secure SWIFT messages to their banks. The service is centrally operated and corporates like Swiss Re are already connected to the Service Bureau. Fundtech has also released TransactCentral, a J2EE component-based development platform for corporate electronic banking. The system will be marketed primarily in Europe and Asia, and is targeted at banks who desire a high degree of customization. Fundtech adds TransactCentral to its existing line of electronic banking systems that are currently deployed in over 200 US banks.
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.