Accuity has added PAYScreen to its line of payment solutions, in an attempt to help organisations increase payment straight through processing (STP) rates, without adding extra personnel. The service repairs an organisation’s payment files by validating existing payment instructions, correcting any invalid payment instructions and highlighting any records that require further research and review. The service is designed to provide organisations with a ‘cleansed’ file that can be used to update their internal databases and payment processes. The validated and/or repaired data includes such information as bank name, address, country, assigned SWIFT/BIC, routing SWIFT/BIC used for IBAN processing, generated or validated IBAN and, in the case of error, an applicable text message.
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.