Bank of India has selected FinArch’s compliance solution, Financial Studio, to address its compliance requirements. Bank of India, the first public sector bank to establish a foreign branch, having 24 foreign offices in 12 countries, is currently expanding rapidly while opening new offices in Belgium, China, Vietnam, Tanzania and Qatar. The Financial Studio compliance solution selected by Bank of India provides an integrated regulatory reporting solution that allows banks to gradually step up and take on different business drivers such as compliance, capital management, accounting and MIS. According to FinArch, Financial Studio eases the burden of regulatory reporting for financial institutions as it complies with the reporting requirements of central banks, monetary authorities, and other financial regulators in multiple countries, as well as with the global IAS directives and Basel II requirements.
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.