Deutsche Bank has announced that its cross-currency payments solution, FX4Cash, has been selected, piloted and launched by China CITIC Bank. This means that, through one base currency account, China CITIC Bank should be able to make payments in more than 75 local currencies via wire, check and automated clearing house (ACH). The solution combines Deutsche Bank’s market share in global foreign exchange (FX) with its global cash management position to provide global cross-currency payment solutions for corporate and financial institutions. Seamless access is offered via SWIFT, Internet and host-to-host solutions.
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.