Deutsche Bank has successfully implemented FileAct capabilities for its cross-currency payments solution, FX4Cash. The bank says that using one file, regardless of the number of funding or disbursement currencies, clients are able to leverage a new cost-effective access channel that complements the existing access via FIN, SWIFT’s core store-and-forward messaging service, as well as the Internet and host-to-host solutions. Clients benefit from having another delivery option for their cross-currency payments to Deutsche Bank. The FX4Cash product is offered jointly by Deutsche Bank’s Global Markets and Transaction Banking divisions.
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.