Volksbank Romania (VBR), a subsidiary of Volksbank International (VBI), has licensed Financial Software Systems’ Spectrum Treasury System to support the back office processing of its treasury transactions. VBR will install and use Spectrum at its headquarters office in Bucharest. The bank’s main areas of business are corporate banking, retail banking and treasury, with a particular focus on small and medium enterprise banking and micro banking. Spectrum, built on Microsoft’s .NET platform, is a position management system for foreign exchange, money markets, fixed income and derivatives. It is SWIFT and CLS compliant.
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.