FircoSoft has announced a number of new customers in the Middle East through its partner Allied Engineering Group (AEG), based in Lebanon. Reinforced regulations on illegal trafficking to fight money laundering and terrorist financing put strong pressure on financial institutions in the Middle East, where banks, insurances and brokers keep improving compliance with international AML regulations. AEG and FircoSoft joined forces to offer OFAC-Agent Suite, a watchlist filtering solution, to Middle East financial institutions. The suite is designed to remove the risk of processing illegal transactions and detects high-risk financial customers, with real-time transaction filtering and customer information file filtering. With AEG, the suite has seen 14 deployments in 14 months.
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.