On a regular basis, experts of all sorts take to the media to chastise “the kids” for being immature and frivolous. To hear them tell it, Millennials are destroying the very fabric of civilization.  When not mocking them for participation ribbons (of which, as a Gen X kid, I have a vast collection), the experts are blaming Millennials for not saving enough, for spending uncontrollably, and for not adequately considering their future. 

Worldpay and Vantiv, Inc. (Vantiv) announced that they had reached agreement in principle on the key terms of a potential merger of Worldpay and Vantiv.

Cyber risk has the ability to affect all aspects of a business and consequentially all lines within the insurance industry. While insurable, its risk may feel infinite and difficult to understand. Lockton, the world's largest privately held insurance broker, explains that just like the evolution of property coverage, cyber risk must develop with the landscape to meet critical business needs.   

Faisal Islamic Bank, Sudan has announced that it has signed up with Path Solutions to deploy iMAL Islamic core banking system to replace the bank’s decentralized legacy system Pentabank from Financial & Banking Systems, across its 100 branches. The bank will also deploy Mobile and Internet Banking solutions as well as BI and Risk Management. The strategic technology deal will support Faisal Islamic Bank’s business across multiple verticals.

Ambisafe has released the Beta version of Orderbook, an ethereum token exchange platform for Ethereum-based ICO tokens.

Until the financial crisis of 2008-09, the financial services industry had enjoyed almost two decades of unprecedented growth and profitability.  It had embraced globalisation with a succession of glittering mega-deals. 

Unfortunately, a series of fines and settlements has since highlighted the extent of corporate and operational wrongdoing within the industry, prompting governments and regulators to respond with extensive programmes of reform and further regulation.

The Singapore-based leader in blockchain protocol for digital insurance, Aigang Network has unraveled its plans to revolutionize the insurance sector.

The Ethereum blockchain based P2P investment platform, MyBit enables investment and automatic distribution of revenues generated by IoT devices, announces ICO.

IBM and KASIKORNBANK Public Company Limited (KBank), one of Thailand's largest banks, today announced the launch of a new enterprise Letter of Guarantee network based on IBM Blockchain. The new solution is designed to help simplify and expedite procedures for KBank's Letter of Guarantee process, with the goal of improving the customer experience, strengthening security and reducing costs for clients and the bank.