Wells Fargo Bank NA, a subsidiary of Wells Fargo & Company, has extended its usage of SimCorp Dimension. With Wells Fargo & Co’s acquisition of Wachovia Corporation in 2008, the bank also acquired Wachovia’s installation of SimCorp Dimension. The solution has now been chosen to be the future system for the combined entities.
Wells Fargo will use the solution for its accounting and back office operations for its US mortgage backed portfolios, and will consolidate multiple systems onto SimCorp Dimension.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.