The number of payment cards globally reached 14 billion in 2016 and is predicted to rise to 17 billion by 2022, driven by further debit card issuance as the banked population increases

Continued rapid expansion of developing markets leads to healthy growth worldwide

A new study by International Data Corporation (IDC) discusses European consumers' attitudes toward adoption of personal finance management (PFM) solutions. The study, The Evolution of the Personal Finance Management Market (IDC #EMEA42964717, August 2017), is based on IDC's European Consumer Banking Survey, 2017. It highlights that the concept of a PFM solution has existed for a few years without ever reaching mainstream acceptance.

Profile Software, an international financial solutions provider, announced today the release of the enhanced Acumen^Net, the leading comprehensive treasury management solution by Login SA, a Profile Company, with powerful Front-to-Back Office and Risk Controlling capabilities, wide instrument coverage and high level of automation.

Synechron, a global financial services consulting and technology services provider, announces today that it will join the Microsoft Azure Blockchain Council to drive digital transformation in applications that use blockchain technology on the Micrsoft Azure cloud platform.  

The Taiwan Stock Exchange Corporation and Nasdaq Inc. have signed a Memorandum of Understanding (MoU) to promote mutual development and foster cooperation between the two companies. The memorandum also paves the way for both sides to work closely together in expanding their ETF markets, facilitating the cross-listing of ETFs on both the TWSE and Nasdaq markets.  

Ant Financial has been named #6 in Fortune's third annual Change the World list, which highlights companies that are "making measurable progress addressing important social problems...as a core part of their business strategy." Ant, a first-time entrant and the highest ranked Asia-headquartered company on the list, was recognized for the environmental impact of Ant Forest, the world's largest platform for tracking individuals' carbon footprint. 

Chairman of Vnesheconombank Sergey Gorkov met President of Shanghai Stock Exchange Huang Hongyuan. The event was held in conjunction with the VEB delegation working visit in China timed to coincide with the BRICS Summit.

The parties discussed greater financial cooperation in local currencies and interaction on capital markets, as well as the prospects for funding Vnesheconombank via issuing debt securities in the Chinese market. The focus of attention was also on the mechanisms of placing securities of innovation companies on the stock exchange.

Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, and Go West, a consortium of leading global trading firms collaborating to create efficient access to global financial markets, will offer ultra-low latency wireless connectivity between markets in Chicago and Tokyo. 

LCH SwapAgent, a service for the non-cleared derivatives market, announced today that it has processed its first trades. 

IPC Systems Inc., a leading global provider of secure, compliant communications and networking solutions for the financial markets community and the Mexican Stock Exchange, a leading exchange in Latin America with daily trading volumes over 800 million USD announced today that they continue their expansion into the global marketplace with the addition of the Market Data services for the Equity and Derivatives markets.