HSBC has signed a deal with IT solutions provider 3i Infotech, to implement Reporting to Clients for its cash management and payments division. Reporting to Clients will be used in conjunction with Client Money Manager (CMM), HSBC’s third-party fund management system.
As part of HSBC’s plans to expand its CMM offering, it is investing in the service, with one of the areas targeted for improvement being statements and reporting.
Ian Hallam, product director for western Europe at 3i Infotech, said: “To date, Reporting to Clients has been predominantly used by investment managers so it is very pleasing to see the use of this application extended to commercial banking.”
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.