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Axletree Achieves Premier Certification from SWIFT - 19 August 2014

Bank communication and treasury automation provider Axletree Solutions has become the first service bureau in the Americas to receive SWIFT’s highest certification level, the Premier Operational Practice certification ...

ADB: Climate Change Threatens South Asia’s Economy - 19 August 2014

The adverse effects of climate change threaten to cut up to 9% off the South Asian economy every year by 2100 if the world continues on its current “fossil-fuel intensive path”, the Asian Development Bank (ADB) has warned ...

More Singapore Companies are Late Payers - 19 August 2014

Fewer companies in Singapore settled their payments on time in the second quarter of 2014, according to a study released by Dun & Bradstreet (D&B) Singapore, which cited slower economic growth as a contributing factor ...

Scottish Independence ‘Would Create Pension Scheme Challenges’ - 18 August 2014

A vote for an independent Scotland that is no longer part of the United Kingdom in next month’s referendum may call into question the continued viability of defined benefit (DB) pension provision and present challenges to businesses and pension schemes, according to Buck Consultants at Xerox ...

Thomson Reuters Report Examines Links in Illicit Activity - 18 August 2014

A newly-published study issued by Thomson Reuters in conjunction with the United States Military Academy’s (USMA) Combating Terrorism Center at West Point, New York looks at the interrelationship between illicit activity in economic and political arenas ...

Study Indicates FX Wallet Share Under Pressure - 18 August 2014

Global banks and providers of foreign exchange (FX) services in the mature western markets of the US, the UK and Canada are struggling to maintain their share of the customer wallet, with business FX users increasingly using multiple providers reports East & Partners ...

Thai Airways Faces Cash Flow Squeeze - 15 August 2014

The board of Thai Airways International (THAI) has met and approved an emergency financial plan to seek additional funding and sell aircraft and property to avoid cash flow problems, according to local reports ...

Hackers Target Digital Currencies - 15 August 2014

Digital currencies such as Bitcoin are vulnerable to cyber attacks, according to researchers from Dell Secureworks who cite two recent cases ...

Hanse Orga and the AFP Sign Service Codes Agreement - 15 August 2014

Hanse Orga and the Association for Financial Professionals (AFP) announced that the software provider has been licensed to integrate the AFP service codes within its FinanceSuite eBAM (electronic bank account management) solution ...

UBS Forecasts Bright Future for Asean E-commerce - 14 August 2014

Electronic commerce (e-commerce) is set for strong growth in the 10-member bloc within the Association of Southeast Asian Nations (Asean) to soar in Southeast Asia as internet penetration in the region achieves critical mass, suggests a report from UBS ...

Future of US Interest Rates ‘May Lie in China’s Hands’ - 14 August 2014

While investors fixate on every comment by Federal Reserve chairwoman Janet Yellen on the direction of US interest rates and what it means for the economy and asset prices, the real power in determining their future course may be in the hands of China according to Lombard Street Research ...

Guy Carpenter Launches Risk Decision-making Tool Update - 14 August 2014

Guy Carpenter, the global risk and reinsurance specialist and member of Marsh & McLennan Companies (NYSE: MMC), has released MetaRisk 7.3, the latest version of the firm’s risk and capital management decision-making tool ...

Broadridge Signs StockVote Deal with Taiwanese Depository - 14 August 2014

Broadridge Financial Solutions has reached an agreement with the Taiwanese central depository, Taiwan Depository & Clearing Corporation (TDCC), to establish direct links with StockVote, the TDCC’s new electronic voting system for Taiwanese shareholder meetings
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Amazon Launches into Mobile Payments Arena - 14 August 2014

Amazon has announced the launch of Local Register, a mobile payment service and smartphone-compatible credit card reader that will compete with offerings from Square, PayPal and Intuit ...