VocaLink has completed a first SEPA Direct Debit (SDD) pilot with participation from ABN, BAWAG P.S.K., The Royal Bank of Scotland Group and a number of their corporate customers.
VocaLink says that the SDD pilot has allowed the three participant banks to test fully a broad range of SDD business-to-business (B2B) services in a safe, virtual environment without internal IT changes or significant operational or reputational risk.
BAWAG P.S.K. ran the pilot in conjunction with two of its corporate clients and is planning to start promoting the benefits of the SDD B2B services in the coming weeks.
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.