A month after the merger between SIA and SSB, the new group has announced the acquisition of GIRO Bankkàrtya ZRt (GBC). This Hungarian enterprise provides financial institutions, payment cards issuers and acquirers with management services for ATM and POS terminals, transaction switching, fraud control and other services for payment systems. Compared to other European countries, Hungary still offers an unexpressed potential in the use of cards among the population, with an average of 0.65 cards per inhabitant, versus a 1.18 in the EU 25, and with a predominance of debit cards over credit cards.
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.