Experian has entered into a partnership with Clear2Pay, the Brussels-headquartered payments technology company to embed Bank Wizard, Experian’s bank account and validation software, in Clear2Pay’s Open Payment Framework (OPF), an end-to-end payment processing system used by European banks. Bank Wizard is designed to undertake bank account validation for banks and corporates operating internationally to minimise errors by enabling customers to check the validity of bank details before a payment is sent to a clearing house or another bank. Jon Burghart, sales director at Experian Payments, said: “Bank account validation is becoming even more important for banks with new payment channels, such as the single euro payments area (SEPA), emerging. As a result, it is crucial that banks can rely on their payments processing systems to reduce the number of rejected payments as these have a direct impact on administration costs and customer service.”
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.