TSYS announced that Karim Ahmad, a veteran of the financial services and consulting industries, has been named executive vice president of global product and innovation, effective September 6. He will report directly to Pam Joseph, president and chief operating officer of the company.

TPG, a leading global alternative asset firm, announced today that it has named Sanghoon Lee as a Partner at the firm. Lee will be responsible for leading TPG Capital Asia’s investment activities in South Korea, further expanding the firm’s presence in the Asia-Pacific region.

Last year, we saw contactless cards increase the spend limit per transaction from £20 to £30, making it even more convenient and faster for consumers to pay for their shopping. This is not only good news for consumers, who expect varied methods of payments, but for retailers too. The more that customers are encouraged to use electronic payments, the more opportunity retailers will have to collect valuable customer data.

Temenos, the software specialist for banking and finance, today announces that BACB, the London based provider of trade finance and treasury services to Africa and the Middle East, has selected Temenos’ CorporateSuite, which includes Channels and Analytics for Corporates, to replace existing legacy systems.

The bad rate of Russian consumer loans has held steady for a year, following a seven-year decline, according to July data from analytic software companyFICO and National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau. The FICO^® Credit Health Index stood at 90, and has remained within a point or two since July 2015.

The CMA’s Retail Banking Market Investigation is over 700 pages, with the summary clocking in at 52 pages. Before you dive in, here are the key takeaways from the report:

Exaxe, the award-winning specialist SaaS solutions provider for the life and pensions industry, announced a 44% increase in revenues for the year ending 2015 and its plans to create at least 20 new jobs over the next two years.

This revenue growth reflects the continued success of Exaxe’s innovative component based SaaS solutions for the life and pensions sector. In the past 12 months Exaxe has secured contracts with AXA Life Invest, Aviva, Police Mutual, and one other Irish life and pension company to be announced shortly.

 Verint^® Systems Inc. announced that one of the UK’s largest car insurance providers, Admiral Group, has gained new levels of customer insight leveraging Verint Speech Analytics^™, alongside its Verint