One week after the official launch of the single euro payments area (SEPA), Equens had processed 82,000 SEPA Credit Transfer (SCT) payments. This puts the company second in the list of SCTs handled, behind the Euro Banking Association (EBA). It is hoped that large volumes will result in scale benefits, which will translate into attractive rates for the market. Equens says it hopes to consolidate its position by leveraging scale through international partnerships in order to reduce the cost per transaction.
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.