Official figures of aggregated data published by technical body EMVCo show that by the end of 2016, the number of EMV payment cards in global circulation had increased by 1.3 billion in the previous 12 months to a total of 6.1 billion. 

Misys has unveiled a regulatory reporting component which enables banks to comply with the Markets in Financial Instruments Directive (MiFID II) ahead of the 3 January 2018 deadline. Misys FusionCapital Regulatory Reporting automates the reporting process to reduce the cost and effort associated with data capture and compliance.

Crowdsurfer, the world’s most comprehensive source of intelligence on the global alternative finance market, has announced that Zopa has become the latest peer-to-peer lender to submit its data to the Crowdsurfer analysis.

Redwood Bank, a new UK SME Business bank that has recently secured its banking licence has made two senior appointments to its Board as part of its “Mobilisation” prior to launch later in 2017. David Buckley has been appointed Chairman and is a Non-Executive Director, and Nigel Boothroyd will join as a Non-Executive Director. David holds a number of non-executive and advisory board positions and is currently Independent Non-Executive Director and Chair of the Audit Committee for CIBC World Markets plc.

IBS Software, one of the leading providers of new generation IT solutions to the global airline industry, has entered into a strategic partnership with ANA Systems (ASY), the IT division of ANA group (ANA), to enhance it's global delivery capabilities for innovative technology solutions for the airline. The five-year partnership agreement marks an important milestone in the decade-long relationship between ANA and IBS Software (IBS).

Linedata, the global solutions provider dedicated to the investment management and credit industries, and Electra Information Systems (Electra), the leading provider of state-of-the-art reconciliation solutions for the asset management industry, today announced the integration of Electra Reconciliation and Linedata Mfact, Linedata’s global fund accounting solution. 

Greenlight Financial Technology, Inc., creator of Greenlight: the smart debit card for kids, today announced $7.5 million in seed financing. 

Each day brings fresh evidence that the traditional UK banking model is under intense pressure, if not actually on the verge of breaking down altogether. At the same time, peer-to-peer (P2P) finance is on the rise, offering investors greater returns on investment and helping borrowers access funds that the banks are increasingly reticent to release. It’s a difficult time for the finance industry and savers alike - a new approach is clearly needed.

Problems facing the sector

With the completion of TBG's acquisition of DTN from Schneider Electric SE for a total consideration of $900 million, TBG plans to fully reinstate the powerhouse DTN brand that has been known and trusted since 1984, and focus on growing the business in both the domestic and international markets.