SmartStream Technologies has announced that an Icelandic financial institution has gone live on its TLM Corporate Actions. The solution was selected to reduce the manual intervention required for processing corporate actions across the bank’s business. Automation of this highly complex business function helps the institution to create a processing platform that supports the increasing volume of corporate actions events and minimises the risks associated with manual processing. The first phase of the project uses TLM Corporate Actions to automate sourcing and cleansing of custodian notifications. The next phase will provide further automation in client services and in particular in the capture and processing of client instructions and communication of the event benefits to all internal and external parties.
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.