Misys, a treasury, capital markets and banking software solutions company, has opened a new centre of excellence in Beijing, the latest of six such facilities the firm has worldwide. Misys invests approximately 20% of global revenues back into research and development (R&D) each year and the new centre will allow the company to design and develop solutions to address local market requirements and service its expanding client base in China and the Asia-Pacific region.
Misys has over half its employees in Asia, serving nearly 400 customers in the region and 1,300 customers globally, including the world’s top 50 banks. In China the employee base has doubled in the last year with plans to grow it to 300 in the next year to support its expanding customer base and a new graduate programme is being introduced at the Beijing centre.
Ed Ho, executive vice president (EVP) and general manager, treasury and capital markets, Misys, said: “The financial services sector in China is facing many of the same challenges as clients in other regions, such as increased regulatory scrutiny as a result of Basel III. We have been able to provide financial institutions in China with comprehensive solutions to deliver a high standard of risk management systems in response to the China Banking Regulatory Commission’s requirements.”
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.