Chinese households possess a huge spending capacity. From 2010 to 2017, the retail sales of consumer goods in China accumulated from 158 bn RMB (22.7 bn USD) to more than 366 bn RMB (52.7 bn USD) – revealing a Compound Annual Growth Rate of 11 percent p.a. over the last eight years.

CryptoCompare, the global cryptocurrency market data provider, today published its monthly Exchange Review for October 2018, designed to offer institutional and retail investors insights into the cryptocurrency exchange industry.

Industry change in the Nordics is not primarily fueled by digitally native companies that disrupt the market overnight, but by established industry players transforming their existing businesses. Disruption increasingly comes from companies that already have a strong market position, an existing customer base, a thriving partner ecosystem, and high brand awareness. These are among the key findings of the new study Towards a data-driven future, conducted by IDC on behalf of Tieto. 

Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, today announces two changes to the Board of Management in order to further strengthen client focus, corporate governance and strategy execution.

- Board of Management member Søren Kyhl has been promoted to Deputy CEO while he continues in his role as COO.

- Damian Bunce has been appointed member of the Board of Management with the new title of Chief Commercial Officer.

The number of US pension plans with assets equal to or exceeding 95% of their liabilities on an accounting basis has risen to 37%, nearly doubling from 20% at the end of 2017, according to RiskFirst data. 

When Mastercard made a commitment to bring affordable financial access to 500 million people by 2020 and 40 million micro merchants by 2021, many more promises came with it.

Deutsche Bank and HCL Technologies (HCL), a leading global technology company, today announced a strategic partnership to transform the bank’s global cheque processing operations.  Under the terms of the agreement, HCL will build a cloud-based digital and fully scalable cheque processing platform for the bank.  The new IT-platform is expected to go live in 2019.

Gold-i has launched Crypto Switch™ 2.0, providing brokers worldwide with a fully cleared cryptocurrency product and a cost-effective, efficient means of accessing multiple cryptocurrency market makers who can provide deep pools of liquidity as a CFD or physical asset.

For the third year in a row, Avaloq, the international fintech and leader in integrated banking solutions, has been named Star Performer in the ‘Capital Markets BPO – Service Provider Landscape with Services PEAK Matrix Assessment 2018’ by Everest Group. The assessment is an industry-recognized analysis used by enterprises to make critical decisions about global services providers. Participants also look to the PEAK Matrix™ to gauge and calibrate their offerings against others in the industry or market.