The Temenos Group has announced that Turkish Bank (TBUK) has successfully gone live with its core banking system Temenos T24 on IBM servers. TBUK, a commercial banking division of Turkish Bank Group, has implemented the Temenos product in all of its UK branches and is the first bank to use the system with the IBM platform. Temenos has provided the bank with Temenos T24, including foreign exchange, loans and deposits, mortgage, teller and funds transfer components. Some 8,000 accounts will use the product in the bank’s three branches across London. The system was implemented using the latest release, R5, and jBASE database.
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.