Nicosia-headquartered Bank of Cyprus has gone live with NetIMEX, Surecomp’s Internet-based trade finance solution. According to Surecomp, this will enable the bank to offer its corporate customers a STP end-to-end trade finance solution. The licensing of Surecomp’s trade finance solutions by the Bank of Cyprus is an element in the expansion of the bank’s product and services portfolio, which in addition to its core business of retail and commercial banking, includes finance, factoring, investment banking, brokerage, fund management, custody, life and general insurance.
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.