SmartStream Technologies has launched an outsourced reconciliations service in conjunction with Tata Consulting Services (TCS). The TCS Aspire Service is designed to increase STP rates to drive down cost and risk, while removing operational limitations through industry best practice reconciliations and investigations operations. By standardising reconciliation and exception management processes users can reduce operational risk and gain greater insight that will allow them to reengineer and strengthen their business processes. Additionally, by moving to this new utility structure they are able to convert their fixed costs to variable costs. The service is launching with Deutsche Bank as its first customer.
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.