BCBS 239, which comes into force in a weeks’ time, was introduced by the Basel Committee in response to the financial crisis, which highlighted the inability of many banks and financial institutions to aggregate data quickly in order to make decisions on risk.

Will China change the world’s financial institutions?

Intellect Design Arena Ltd, a specialist in applying true digital technologies across Banking and Insurance, today announced their entry into Turkey, reinforced with their first relationship with Tacirler Investment, the leading independent investment company licensed and regulated by the Capital Market Board of Turkey. Tacirler chose to partner with Intellect to digitize its brokerage, wealth, and treasury operations. This implementation will provide them an edge amongst the capital market players in the region with the first mover advantage in the integrated digitization journey.

The acquisition strengthens Keylane's insurance presence in the DACH region, enriches its product portfolio with new functionality and provides for local delivery capabilities. 

Wipro, a leading global information technology, consulting and business process services company today announced that it has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry for a purchase consideration of USD 130 million.

 GDS, China's largest 3rd-party high-level data center service provider and AliCloud, Alibaba Group's cloud computing business unit today announced the formation of a strategic partnership to promote the development of enterprise-level hybrid cloud services in China.

The partnership will combine GDS's extensive high performance data center infrastructure and CloudMiX™ service platform and AliCloud's leading cloud computing technology to provide unique one-stop management solutions in the areas of cloud operation, maintenance and procurement services.

 Objectway, a leading provider of software and services to the EMEA investment management industry, showed how its software platform is leading the industry in innovation by highlighting new wealth management industry research during its International Customer Conference in London, on December 2nd.

INFORM’s innovative RiskShield solution has been integrated inside SIA’ s infrastructure to securely safeguard acquiring banks and financial clients across Europe by leveraging on real - time fraud preventio

Ingram Micro Inc. (NYSE: IM) today announced that it has entered into a definitive agreement under which, subject to closing conditions, Ingram Micro will acquire Sao Paulo, Brazil-based Grupo AÇÃO (AÇÃO), one of Latin America's leading providers of critical value-add IT solutions.  In addition to a portfolio of higher value products, including those from strategic vendors such as IBM, Oracle, Red

Fairfax Financial Holdings Limited announced that it has entered into an agreement with Eurobank to acquire an 80% interest in Eurolife ERB Insurance Group Holdings S.A. ("Eurolife") for a purchase price of EUR316 million. The transaction is subject to customary closing conditions, including various regulatory approvals, and is expected to close by the end of the third quarter of 2016.