Citi has launched QuikRemitsm, a white-labelled remittance platform with distribution and foreign exchange capabilities spanning more than 90 countries. Citi is marketing the solution as enabling banks, corporations, and money transfer organisations to offer their customers and employees a secure and compliant solution for international funds transfer. The service was previously offered by PayQuik, a provider of money transfer solutions to banks, credit unions and money transfer organisations, which was acquired by Citi in January 2008.
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.