Financial Architects (FinArch) and Microsoft, Japan will co-operate to provide solutions corresponding to international accounting standards for financial institutions in the Japanese market.
Currently, many countries and regions have announced their adoption of, or plan to adopt, the International Financial Reporting Standards (IFRS), which Europe started adopting from 2005. Japan has also indicated a policy to obligate listed companies to adopt IFRS in their consolidated accounting, starting somewhere around 2015-2016.
In order for FinArch to develop its solutions in Japan, Microsoft will perform joint sales and marketing activities, as well as partnering with each co-operating partner company in Japan.
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.