Union Bank of India has successfully completed a major SWIFT infrastructure upgrade to meet SWIFT’s deadline for SWIFTNet Phase 2 readiness. The bank went live on the latest version of BankServ’s TurboSwift and TurboRMA solutions to manage all domestic and international payments in time for the mandatory SWIFTNet C1 country deadline. The bank uses the proven, secure SWIFT network for transmitting domestic and international payment messages. However, as part of the SWIFTNet Phase 2 infrastructure upgrade, there was a requirement to update the bank’s existing TurboSwift installation. The SWIFTNet Phase 2 upgrade was completed by Synergy Login Systems, BankServ’s distribution and support partner in India.
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.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.