SunTec Business Solutions has announced that its flagship product for the financial services vertical – TBMS-F – is compliant with TWIST’s (Transaction Workflow Innovation Standards) Bank Services Billing Standard (BSB).
TWIST BSB was created at behest of a group of over 80 corporations. It provides a consistent means for banks to periodically advise wholesale clients of their service usage and the charges accrued, and thus enhance process efficiency and optimise controllership. It can be used to communicate the type, quantity, price and other information on the bank services used, in detail and in standard format, through invoices presented to wholesale users.
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.