Xcitek has successfully completed testing of ISO messages submitted by its XSP software to SWIFT’s Corporate Actions Test and Certification Proof of Concept (POC) programme. Xcitek is committed to delivering full market practice compliance with the event interpretation grid (EIG) guidelines published by the Securities Market Practice Group (SMPG) to ensure all XSP clients can achieve high levels of straight-through processing (STP). Decillion Solutions Australia and Cuscal have also jointly announced the successful implementation of a new SWIFT RTGS payments system. The system, developed by Decillion using Microsoft BizTalk 2004 Server and the Microsoft BizTalk Accelerator for SWIFT 2.1, has been in live operation since early November. It enables Cuscal’s clients to create and manage SWIFT RTGS payments via a highly secure Internet based portal. With annual transaction volumes in excess of AU$13bn the system is critical to the Cuscal’s service offering.
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.