APCO Systems, the payment solutions specialist and owner of the APCO Pay brand, has appointed George Kakouras as its new managing director. He will lead the implementation of APCO Systems’ ambitious growth and innovation strategies and steer the expansion of the company’s international client portfolio.

APCO Systems provides payment services for online retailers in diverse sectors under its APCO Pay brand. Its reach extends to the US and South America, Europe, North Africa, Middle East as well as the Far East. APCO Pay is a scalable, integrated global payments proposition, with localised solutions and multi-currency, multi-channel options. APCO Pay supports more than 240 payment options, 35 languages, 100 currencies, and 40 acquirers

Mr Kakouras, who brings many years of international leadership and strategic management experience to the helm of APCO Systems, joins the company from Intralot Group and Maltco Lotteries where he was chief opera­ting officer and a member of the board of directors.

APCO Systems is part of 1923 Investments plc, the investments arm of Hili Ventures.

BDO approved as VFA agent 

BDO, through its group company BDO Fintech Advisory Ltd, has received ‘in principle approval’ from the MFSA as a Virtual Financial Asset (VFA) agent in terms of Malta’s newly launched VFA regulatory framework.

The granting of this appointment enables BDO to assist both VFA issuers and VFA service providers in obtaining their licence to operate in a regulated environment. VFA agents can assist in the setting up of an exchange and to advise investment advisors, OTC brokers, custodians and VFA portfolio managers on the relevant structures, policies and procedures to conduct VFA business in Malta.

Malta is one of the leading jurisdictions providing for legislative frameworks to spearhead innovation in Distributed Ledger Technology, Block­chain and Cryptocurrencies.

BDO Malta CEO Mark Attard said: “BDO Malta has adopted a first-to-market approach in adding VFA agent services and related advisory support to its service portfolio. Our fintech advisory team has already successfully assisted clients to register their white papers during and after the transition period.”

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