Safran, an international high-technology group and a Tier 1 supplier of systems and equipment for aerospace, defence and security, has Selected GTC’s @GlobalTrade Multi-bank Trade Finance Platform for monitoring issued and received bank guarantees and documentary credits. GTC’s software will enable Safran to connect to its multiple banks through SWIFTNet using MT 798 messages and will be interfaced with Safran’s internal systems.
“GTC has gained our confidence thanks to its professional and pragmatic approach as well as its reputation built through previous references within the same industry,” said Carine Aujay, head of structured finance at the Safran group.
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.