APS Bank in Malta is outsourcing its SEPA compliance issues to UK based Simplex Consulting, to leverage its Simplex Bureau solution over SWIFTNet. Banks operating in euro payments have been aiming to achieve the mandated SEPA compliance this year, which includes the need to support new XML schemas and be reachable across the eurozone. The Simplex solution leverages its existing SWIFT Service Bureau and SWIFTNet FileAct connectivity to reach either the Pan-European clearing house, EBAStep2, or a major euro clearing bank. Payments are transformed from SWIFT and local proprietary formats to SEPA XML and bulked and sent to and from the ACH or major euro bank. The solution leverages the technology of Sterci SA from Geneva.
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.