The asset management industry is experiencing high competition, increased regulatory control and growing demand for information transparency amid the tide of global instability. The mission to succeed for asset managers and their service providers seems near impossible in these tough circumstances.

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.