Business Control Solutions (BCS) has signed a contract with HSBC to supply its Agent Reconciliation Control (ARC). This software application will act as HSBC’s single source of agent bank fee data.
The company says that its solution allows the centralisation of this data to validate costs accurately each month, enabling HSBC to look at the most efficient fee models in order to save money and accurately apportion fees against trading desks.
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.