IDB Bank, a US commercial bank and subsidiary of Israel Discount Bank, has licensed the Spectrum Treasury System from Financial Software Systems (FSS) to integrate its trading activity onto a single platform.
Louis Turano, first vice president of IT for IDB Bank, said: “Spectrum was selected for its comprehensive functionality, its client facing web services and its experienced and knowledgeable support staff.”
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.