Capital G Bank, headquartered in Hamilton, Bermuda, has licensed the Spectrum
Treasury System from Financial Software Systems to manage its foreign exchange (FX), money market and interest rate hedging activities. Capital G Bank is privately held and provides personalised wealth management services for personal banking, business banking and private banking customers.
Spectrum is a position management system for FX, money market instruments, fixed income instruments, equities and derivatives. Capital G Bank will use Spectrum to manage its FX trading activity and its money market and repo activity. In addition, Capital G Bank will manage its forward rate agreement and interest rate swap hedging activity in Spectrum.
Spectrum will provide Capital G Bank with front-, middle- and back-office functionality, with straight-through processing (STP) of treasury transactions from deal-capture in the front-office to producing general ledger accounting entries in the back-office. It is built on Microsoft’s .NET platform.
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.