SIA-SSB plans to consolidate its international expansion strategy and is increasingly looking to new markets with high growth potential in central and eastern Europe. Through its subsidiary GIRO Bankkàrtya ZRt (GBC), the Italian group wants to create a hub in Budapest to serve the entire Balkan region with services relating to credit and debit cards, payments, capital markets and networks. SIA-SSB’s CEO, Renzo Vanetti, commented: “Our presence in Hungary is part of a wider strategy of European expansion. Indeed, in a sector becoming increasingly competitive due to the convergence of the banking and financial industries, international expansion represents not only an advisable route, but also one that is necessary.”
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.