First Magnus Federal Bank (FMFB) has become the first US retail bank to opt for i-flex’s Flexcube for its banking platform. FMFB will be the federal savings bank affiliate of First Magnus Financial Corporation, a US mortgage company. Arnold Aros, CEO of First Magnus Federal Bank, said: “This implementation will not only help us enhance our customer service levels but enable cross-selling opportunities.” The solution provides FMFB with integration of Oracle’s PeopleSoft CRM, which will deliver sales, marketing and customer service capabilities with Flexcube providing support for core banking and integration with all delivery channels, bill payment, item processing and business intelligence.
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.