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Commercial Credit News
Phoebus Software Limited to launch in the Republic of Ireland
Thursday, 26 June 2014

Phoebus Software Limited (PSL), the UK’s leading primary and special loan servicing solutions provider, is launching into the Republic of Ireland. The launch is planned for Quarter Three 2014.  

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Businesses facing cashflow squeeze - Payment times slowest since 2011
Wednesday, 18 June 2014

Australian businesses have identified cashflow as the issue most likely to impact their operations in the next three months, while new analysis of invoice payments reveals that payment times have slowed to their lowest rate in three years.

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New product for B2B-collection and Risk Management starts
Monday, 16 June 2014

Broensfin (www.broensfin.com) is the start-up firm of German credit professional Herbert Broens, who for many years held a responsible position in credit management for a multinational production firm. He has also published several credit related articles in Germany, UK, USA and Hong Kong.

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An International Credit Management Group For The Agriculture Industry
Monday, 16 June 2014

The Association of International Credit and Trade Finance Professionals (ICTF) is delighted to announce the establishment of its Agriculture Industry Credit Group; the first Meeting of which took place at the conclusion of its International Credit Professionals Symposium in Barcelona on Tuesday, 13 May.

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North Carolina Bankers Association installs new chairman
Monday, 09 June 2014

RALEIGH – At its just concluded 118th Annual Convention, the North Carolina Bankers Association (NCBA) passed the gavel of leadership to Mike Ayotte, President & CEO, Morganton Savings Bank. He has spent more than 30 years in banking and financial services.

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Bank Economists See Solid Economic Growth Ahead
Monday, 09 June 2014

WASHINGTON — Growth resumed in the second quarter of 2014 after a surprisingly weak start to the year, but investment in businesses and homes – along with reduced fiscal drag – will spur the U.S. economy over the next two years, according to the Economic Advisory Committee of the American Bankers Association (ABA).

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Wolters Kluwer Financial Services Demonstrates Benefits of Aligning Risk, Finance and Reporting
Wednesday, 04 June 2014

June 4, 2014 – In order to optimize business performance while maintaining regulatory compliance, financial institutions should look to integrate risk, finance and compliance functions according to subject matter experts at Wolters Kluwer Financial Services. To help institutions, Wolters Kluwer Financial Services has outlined its ”five core benefits” that integrating the risk, finance and reporting functions of a business can bring when addressing such regulatory requirements as the European stress test, various Basel III elements including COREP, FINREP and liquidity reporting,  as well as IFRS9 hedge accounting.

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SunGard Identifies Global Trends Driving Adoption of Managed Services Across Financial Services
Wednesday, 14 May 2014
NEW YORK – May 14, 2014 – Regulations, operating costs and back office requirements are draining resources that financial institutions need to focus on core strategic initiatives that will help drive growth and profitability. To address this, firms are increasingly integrating technology service offerings into their software tools, such as hosting, cloud and managed services, to help them better control risks, manage costs and utilize resources more strategically.
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Finalising the Banking Union: European Parliament backs Commission’s proposals
Tuesday, 15 April 2014

Finalising the Banking Union: European Parliament backs Commission’s proposals (Single Resolution Mechanism, Bank Recovery and Resolution Directive, and Deposit Guarantee Schemes Directive)

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ECON Super Tuesday
Tuesday, 15 April 2014

This week sees 13 more substantive reports voted through from the Economic and Monetary Affairs Committee of the European Parliament. 10 of these finalise laws agreed with the Council, often after many long and arduous negotiating sessions and with the Parliament making significant changes.

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NS&I win Celent ‘Highly Commended Bank’ award with Sopra Banking Software
Monday, 14 April 2014

London, April 14, 2014 – British savings institution National Savings & Investments (NS&I) has won a Celent ‘Highly Commended Bank’ Award in the ‘Legacy Transformation’ category. Celent, a research and consulting firm that focuses on applied IT in financial services, revealed this news at their Innovation & Insight Day in New York. NS&I’s long partnership with Sopra Banking Software played a decisive role in the award win.

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