Petra Financial has formed a partnership with EastNets to resell Vortex, a payments solution with an IBAN validation component, enabling banks and institutions to initiate, automate, check, validate, and enrich SWIFT payments messages. Vortex is an online and SaaS delivered application.
“The banks and financial institutions around the world need a trusted provider for banking applications, services, and SWIFT access. We see that Petra Financial’s focus on solutions that provide faster and easier payments initiation with reduced errors for improved risk control support a growing market for outsourced services that deliver value and benefit,” said Hazem Mulhim, CEO of EastNets.
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.