Millennials matter to banks yet the feeling isn’t mutual.

They are the largest emerging market globally and the largest source of wealth ever. By 2018 millennials will have combined, projected annual earnings of $3.4tn and by 2025 they will account for 75% of the workforce.

Wipro Limited, a leading global information technology, consulting and business process services company,  announced the launch of its analytics solution, Data Discovery Platform. The solution provides pertinent business insights across the value chain of an industry through pre-defined "apps".

NuData Security announced  that Randy Lukashuk has been appointed to the new role of principal product architect and that Jon Cunningham has been named the director of customer development. Both will report directly to Christopher Bailey, NuData's chief technical officer. The moves reflect NuData's strategic growth in its product and customer development teams in response to high customer demand and customer focus values.

Billtrust, the leader in Payment Cycle Management, and AvidXchange, a leading software provider of Accounts Payable (AP) and Payment Automation solutions, announce a strategic partnership that enables Billtrust customers to streamline their AP processes with a best-in-class automation solution.

Euroclear and itBit, a financial services company delivering blockchain services for capital markets, today announced their collaboration to explore opportunities in creating a next generation settlement service for the London gold market.

GMC Software, a leader in customer communications management, announced today that it was among the select companies that Forrester invited to participate in its report, The Forrester Wave^TM: Customer Commu

Axiom, a leading provider of technology-enabled legal and contracting services, has secured instruction from six global banks, including two bulge bracket houses, to repaper their derivatives trading portfolio in line with new requirements.

Intel and Samsung today announced the formation of the National IoT Strategy Dialogue, an initiative to convene like-minded industry partners and organizations to collaboratively develop strategic recommendations for U.S. policy makers on the Internet of Things (IoT). The initiative, to be managed by the Information Technology Industry Council (ITI), will convene ITI’s member companies as well as other industry stakeholders.

 First Bancorp (Nasdaq: FBNC) the parent company of First Bank, announced today the signing of a definitive merger agreement under which First Bancorp will acquire Carolina Bank Holdings, Inc. (Nasdaq: CLBH) the parent company of Carolina Bank, in a cash and stock transaction with a total current value of approximately $97.3 million, or $19.26 per share.  

Following on from “Person to Person” (P2P) payments, Jiffy - the service developed by SIA to send and receive cash in real time from a smartphone – comes to stores.

The pilot phase of the “Person to Business” (P2B) project has in fact begun in the cities of Milan and Bergamo, allowing customers to pay via app at participating retail outlets authorized by UBI Banca.

Other major Italian banks have expressed interest in offering the service by next autumn.