Bank of America Merrill Lynch (BAML) will integrate a new investment application with its treasury management portal, CashPro Online.
CashPro Invest will be developed through an agreement with Cachematrix, a provider of custom trading solutions for global financial institutions. When available later this year, the new order entry, research and reporting application will provide more efficiency and give clients a higher level of service in investment activities.
“By leveraging the latest technology and best practices, CashPro Invest will deliver the investment capabilities that our clients expect from an industry-leading financial services firm,” said Fred Berretta, global liquidity solutions executive at BAML. “This new application will offer clients improved navigation, faster speed and other benefits, and serves as another example of Bank of America Merrill Lynch’s ongoing investment in innovation and commitment to global expansion.”
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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.