EBA Clearing and Iberpay have reported a successful start of the link between Iberpay and the single euro payments area (SEPA) Credit Transfer (SCT) Service on the STEP2 platform. Over 1,500 SCTs with a total value of €7m are being exchanged daily via the platform link since the launch of the SCT scheme on 28th January 2008. The Iberpay-Step2 link allows Iberpay users to benefit from EBA Clearing’s position as a pan-European ACH (PE-ACH) for SEPA payments in 31 European countries. Conversely, the link supports the reach of Step2 in Spain. So far, EBA Clearing has established interoperability between Step2 and local platforms in 12 SEPA countries.
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.