The Justice Federal Credit Union has gone live with Fortent’s hosted anti-money laundering (AML) solution throughout its operations. Designed as a lower-cost alternative for financial institutions with up to US$70bn in assets, the company claims the hosted offering provides rapid implementation of Fortent’s transaction monitoring application to financial services companies looking to accelerate their compliance cost savings and reduce IT overheads. By assuming responsibility for the bulk of the data transformation and system deployment, the solution can typically be installed within four months.
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.