VocaLink has opened its European centre in the World Trade Center, Amsterdam, in response to its growing customer base in the Benelux region. The company says that the new Dutch centre underpins its commitment to supporting clients in their local markets, while recognising that payment systems must provide international capability.
VocaLink, which already processes more than 15% of the total volume of European payments, has invested in the development of a euro clearing and settlement mechanism (CSM), designed to meet the requirements of its customers by facilitating the processing of both domestic euro and single euro payments area (SEPA) pan-European payments. With the imminent introduction of SEPA Direct Debit (SDD) in November 2009, VocaLink can provide reach to any bank across Europe and its value-added services such as payments capture and mandate management have been developed to meet customer needs.
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.