Bank of America has announced an agreement with Bolero International to provide its multi-banking solution to the bank’s customers. The alliance will provide corporates with a platform they can use across multiple banking relationships for trade finance activity and will form part of Bank of America’s extensive trade services offering. Bank of America hopes that the platform will allow its customers to automate the lifecycle of instruments such as letters of credit, providing cost and time savings through automation. By creating efficiency in the trade finance process, corporates can eliminate errors and manage working capital more effectively.
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.