Clear2Pay has signed a contract with Norwegian bank DnB NOR. The bank’s cash management department will deploy Clear2Pay’s Bank Payment Hub product and will allow corporate customers to increase bulk payment volumes, STP and transparency. The contract will allow Clear2Pay to expand its presence in Scandinavia. The system will allow the bank’s customers to send one single bulk file with payments to be executed from all Nordic branches. The system will identify and validate payments according to (local) rules and regulations and convert files to formats defined by the bank. Acknowledgements, deviation reports, credit/debit advices and statements of account covering all Nordic countries will be delivered to the customer in one or multiple formats according to customer agreement and frequency.
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.