Wall Street Systems (Wallstreet) has announced the availability of the Wallstreet BackOffice via an ASP delivery model. This offers banks a volume-based transaction pricing model that is designed to produce competitive transaction processing costs, with those processing higher volumes benefiting the most. The company says that implementation times can be reduced by more than 60% and users have round-the-clock application management and support. Not only does this make the secure clearing and settlement system much more cost-effective, it also lowers the barrier to entry by making the software more accessible to the mid-tier players.
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.