SEB has signed an agreement with Polaris Software Lab, to invest in a new liquidity management platform. The investment is designed to further strengthen SEB’s client offering, securing a continued global cash management delivery. The Polaris Liquidity Management System offers an open architecture and the bank hopes that its flexibility will enhance the time to market for new solutions to its clients. Features in the areas of cash concentration, national and cross border pooling, as well as multi-currency solutions will boost SEB’s ability to offer liquidity solutions. This is the start of a long-term cooperation between SEB and Polaris. The investment is part of SEB’s strategic commitment in the cash management area and commences at the end of 2007.
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.