Intellect iGTB, the organisation behind the world’s first comprehensive global transaction banking solution, has appointed Parag Ekbote to the role of Head of Pre-Sales, APAC. Parag brings more than twenty years of experience in senior customer facing roles across transaction banking and lending. Parag joins iGTB from Misys, where he headed the business solutions group for transaction banking covering Asia Pacific, China, Japan, Australia and New Zealand.

The payment service provider Wirecard will collaborate with Alipay – a company of the Ant Financial Services Group, which is an affiliate of the Alibaba Group – to launch a mobile payment acceptance technology on the European market for QR code-based alternative payment methods. To this end, Wirecard has developed an app, with which retailers across Europe can accept and process Alipay payments through a simple scanning procedure. The solution is targeted at high street retailers in Europe who wish to offer Chinese tourists China’s leading mobile payment method, Alipay.

AxiomSL, the leading provider of regulatory reporting and risk management solutions, was selected by Commerzbank, Germany’s second largest bank

 International Business Systems (IBS), a leading global supplier of integrated ERP, warehouse management systems (WMS) and supply chain solutions, announced today that Christopher Catterfeld will be leading its corporate and strategic marketing as well as product development efforts for ERP as Chief Marketing Officer (CMO).

Hong-Kong based private equity firm NewQuest Capital Partners (“NewQuest”) has acquired Integreon, Inc. (“Integreon” or “the “Company”), a global market leader in legal, document, business and research outsourcing, from LiveIt Investments Limited and Actis. The Company was acquired for an undisclosed amount.

Another month, another industry stakeholder jumping on the open banking bandwagon. This time, the UK’s Competition and Markets Authority has called for an for an ‘open banking revolution’, urging the banking industry to embrace open APIs as a way of transforming the sector, encouraging more competition and improving options for customers.

Unless you’ve been stranded on a remote island for the past two weeks, you’ll have noticed Olympic fever has once again swept the nation. Team GB has followed on from the success of London 2012 and has earned its most successful overseas Olympic medal haul of all time. Remarkably, Team GB more than doubled the medal tally achieved in Athens just 12 years ago and even exceeded the haul from 2012, despite taking almost 200 less athletes.