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Banking

Paymentworld Europe upgrades core banking system to Oracle

Malta-based Fintech company, Paymentworld Europe Ltd, has upgraded the software powering several of its payment services to Oracle Flexcube, a market-leading core banking system used by some of the biggest banks around the world.

The new system went live last week with the transition going smoothly without any critical defects. The implementation and training process has taken around a year and involved decommissioning and replacing the company’s previous banking system.

Jens Podewski, co-founder and CEO of Paymentworld Europe Ltd., explained that “this development represents a significant investment from the company that will improve operational efficiency, reduce time to market for upcoming products, and it also greatly expands our Open Banking capabilities. This is a very exciting and important milestone for the company”.

In conjunction with the implementation of Oracle, the company has rebranded its online payment account service, IBAN4U, with a fresh visual identity and website (www.iban4u.com). IBAN4U, now powered by Oracle Flexcube, is a business payment account targeted at companies who want to avoid bureaucratic banks and open an account quickly.

Stefan Haenel, co-founder and CFO, commented that “we launched IBAN4U last year and we are very pleased with how it has been received by our local and European partners. Because of its success, we are doubling-down on our strategy to push this product in the European market. A proven core system like Oracle and a new, modern brand provide us with a great platform to move forward and expand our business substantially”.

About Paymentworld Europe Ltd.

Paymentworld Europe Ltd., founded in 2014, is an electronic money institution licensed by the MFSA. The company’s mission is to enable its customers to quickly and easily initiate and receive payments in whatever form best suits them, wherever they are in the world. The company is registered with SEPA, provides a PCI-certified payment gateway, IBAN accounts, and payments-as-a-service. It is a fast-growing player in the global PayTech industry.

For more information please contact:
email: jromano@paymentworld.eu

Global Banking School appoints Professor Ray Lloyd as new CEO


London (England)—Higher education provider Global Banking School (GBS) announced today the appointment of Professor Ray Lloyd as its new Chief Executive Officer (CEO). Professor Lloyd will assume the role beginning September 2020.

Professor Lloyd joins GBS from Leeds Trinity University, where he has served as Deputy ViceChancellor since 2013. A leading sports scientist, Professor Lloyd has published numerous articles in peer-reviewed journals (specifically in the area of human athletic performance),m and previously worked with prominent sporting organisations such as Leeds United FC, Yorkshire County Cricket Club, the LTA Regional Academy in Leeds, and the Botswana Athletics Association.

“We are delighted to welcome Professor Lloyd as our new CEO,” said Dr Vishwajeet Rana, Chairman of the Executive Board. “Professor Lloyd has been a lifetime coach, great academic, and savvy administrator. The GBS community looks forward to benefitting from his experience as we move to the next stage in developing both international collaborations and furthering our work in widening participation.”

Dr Rana will remain on as GBS’s Chairman of the Executive Board.

Before joining Leeds Trinity University Professor Lloyd held academic posts at the University of Abertay (where he was Dean of the School for Social and Health Sciences) and Leeds Metropolitan University.

He holds a PhD and a Master’s degree in Sport Science from Leeds Beckett University, a PGCE from Goldsmiths, University of London, and a BSc in Mathematics from the University of Manchester.

Commented Professor Lloyd: “I am delighted to be appointed as CEO of GBS and look forward to contributing to the School’s growth and development as it seeks to offer highquality educational opportunities to even more students from communities typically underrepresented in higher education. I am particularly impressed by GBS’s student-centred approach and its focus on maximising the return on the investment of time and money made by students, and I hope to build on this further.”

About GBS: GBS’s vision is to change lives through education that makes a fundamental difference to
living standards and access to learning.

Press Release Contact: Ahmed Arafa (Editor)
Date: 27 July 2020
Phone: +44 (0) 20 7539 3548
Email: AArafa@globalbanking.ac.uk
For more information, please visit www.globalbanking.ac.uk

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