SWIFT has announced that its enhanced corporate to bank access model is live and commercially available after a successful three-month pilot. Called SCORE (Standardised CORporate Environment), the new access model is for any corporate listed on a regulated stock exchange in a FATF (Financial Action Task Force) member country. SCORE enables corporates to interact in a standardised way with participating SWIFT financial institutions. SCORE pilot programme participants included Alstom, Arcelor Mittal, CIBA, Danone, Gaz de France, General Electric and Microsoft, together with ABN Amro, Bank of America, Barclays, BNP Paribas, Citigroup, Deutsche Bank, HSBC, ING, JPMorgan Chase, Nordea, Société Générale and UBS. The initial focus of SCORE will be on cash management and treasury. Additional bank services such as exceptions and investigations, trade services and investment services are expected to follow.
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.