VocaLink has selected Iona’s Artix Data Services as a component of its euro payment service for its pan-European and global customers. VocaLink provides its customers with the facility to translate legacy format payments into a single euro payments area (SEPA) compliant format, using the solution, minimising the impact of SEPA compliance for customers. The company hopes that the solution will help it to offer banks a set of cost-effective payments modernisation solutions to support legacy payments standards and the new SEPA standards. During the SEPA migration phase, the banking industry has to support existing legacy domestic payment message types, new SEPA message types and SWIFT message types for international transactions. Artix is IONA’s advanced SOA infrastructure suite that offers an alternative to the proprietary and centralised based approach of other integration vendors.
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.