VocaLink’s UK take home pay index dropped to 4.1% in August, its largest monthly fall since January. Take home pay is currently being driven by two conflicting forces: the weakness in the UK economy is acting to restrain wage inflation while the increasing cost of living faced by many employees is pushing it up. The manufacturing sector wage growth has had a very poor month falling from a two-year high of 5.4% in July to 4.3%. The latest figures show that industrial output has declined in the last quarter, which reflects the sector’s struggle in a weakening world economy, and that many manufacturers are scaling back as conditions worsen. Although services pay growth increased slightly by 0.1%, it is still being damaged by the reduction in consumer spending which fell in the last quarter. This is a result of higher food and energy bills, tighter credit conditions and falling house prices.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more