VocaLink and Equens have implemented a bilateral link for the exchange of SEPA payments. This is a step in the implementation of the European Automated Clearing House Association (EACHA) framework announced in October 2007 to help establish interoperability between banks and European Clearing & Settlement Mechanisms (CSMs). The arrangement is designed to support both companies’ SEPA offering while helping to create a more competitive market by allowing banks to choose the payments processor or processors that best meet their needs. As both CSMs have more than one settlement cycle per day, customers of VocaLink and Equens will be able to make payments on a same day basis.
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.