HSBC has chosen SunGard to implement a solution for its UK-based leasing and asset finance operations. The bank, already a SunGard customer, will use the solution for its equipment finance business across the UK, Northern Ireland and the Channel Islands.?The solution is delivered by SunGard through its partnership with asset finance software provider Northern Arch. A multi-currency solution that supports taxation, accounting and regulatory conventions internationally, HSBC hope that the software will allow it to manage its operations across multiple subsidiaries and locations. All tasks from point of sale or origination through to securitisation are managed in a single system, using one database.??
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.