UK’s payment transaction specialist VocaLink has signed a contract with the Swedish national processor Bankgirocentralen (BGC) to process the majority of Sweden’s automated payments. BGC has outsourced the processing of the majority of Swedish direct debit and credit transfer payments to VocaLink. The Swedish firm will continue to manage its customer relationships whilst IT development and operations will be transferred to VocaLink. The migration of payments to the VocaLink infrastructure is underway and should be completed by the beginning of 2010, at which point VocaLink will manage the day-to-day operations of the Swedish Bankgiro system. The partnership between BGC and VocaLink is a step forward in the consolidating European payment market.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.