Financial Objects has been selected by Rabobank for the joint development of a new global counterparty credit risk management system. The three-phase project is under way and, once live, the system will span Rabobank’s global capital markets division with over 1,000 users across the bank’s international network. The solution is designed to allow users to capture, monitor and report credit exposure, and manage collateral operations against global limits. 10 years ago, the bank implemented its own credit risk management solution, SKY, which it has continually developed to enhance the system’s functionality and support its evolving business requirements. However, being based on legacy technology, Rabobank decided to upgrade the entire platform and embarked on a comprehensive investigation of the credit risk management solutions market. The move to the Financial Objects solution will see Rabobank’s SKY system migrated to a Microsoft .NET platform and delivered to the user community through a web portal using the latest Microsoft technologies and advanced user interface capabilities. The first phase of the project will see Financial Objects and Rabobank develop the core platform and is scheduled to complete in the summer of next year. The following phases involve further integration and implementation of the analytics module, as well as the development of the reporting functionality and user interface.
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.