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Financial Tech

closing gap on fintech

UK PayTech firms ‘closing the US lead in FinTech investment’
posted on May 3, 2016

UK PayTech startups received $1.8m in seed funding on average last year, and the figures are now nearly on par with similar investment in the US, according to a report released by the Emerging Payments Association (EPA). According to the ‘Investments in PayTech’ report, which analysed the lifecycles of PayTech companies founded or operating in key…

UK sandbox

How the FCA’s Regulatory Sandbox scheme could help UK FinTech startups
posted on May 2, 2016

Sam Pearse, partner at Pillsbury Law, discusses how the Financial Conduct Authority (FCA) is looking to regulate FinTech startups. The Financial Conduct Authority’s (FCA) recently released 2016 Business Plan continued the FCA’s theme of encouraging competition in the financial services industry, such as that seen in the updated Payment Services Regulations (PSRs) in 2015. In…

harriet baldwin

UK FinTech industry to be given new government boost
posted on April 11, 2016

Harriet Baldwin, economic secretary to the UK Treasury, has announced FinTech Bridges, an industry-led panel and professional services hub to ensure that the UK remains the FinTech capital of the world. As she unveiled three new schemes to help spur the country’s FinTech sector, during her keynote speech at today’s Innovate Finance Global Summit, the economic secretary…

Sandbox

FCA keen to foster FinTech innovation with Regulatory Sandbox scheme
posted on April 11, 2016

The FCA is keen to foster innovation in the regulatory space and encourage new FinTech projects, according to Christopher Woolard, director of strategy and competition at the FCA. In a session titled ‘The New Regulatory Sandbox’ at the Innovate Finance Global Summit 2016, Woolard gave further details on the regulator’s new scheme, which provides startups…

kalifa

UK FinTech ‘ripe for opportunities’
posted on April 11, 2016

The UK’s FinTech sector presents various opportunities for “agile and innovative startups,” according to Ron Kalifa, vice chairman of Worldpay – credited with being the UK’s largest IPO last year.   Delivering a keynote speech at today’s Innovate Finance Global Summit, held in London, Kalifa spoke about the UK’s long-history of innovation, whilst noting that…

Downing Street

Banking giants and tech innovators join forces to discuss FinTech in HM Treasury event
posted on February 23, 2016

Members of the UK’s long standing banking infrastructure rubbed shoulders with finance innovators at an event this evening held at No 11 Downing Street as part of FinTech Week. The event involved a speech by Harriet Baldwin, economic secretary to the Treasury, as well as a panel discussion chaired by Eileen Burbidge, partner at Passion…

London (3)

How could London benefit from a chief data officer?
posted on February 13, 2016

Francesco Scarnera is CEO of FinTech consultancy iBe, the new digital and business advisory arm of Be Group. In this article, he discusses Zac Goldsmith’s announcement of a chief data officer to lead a US-style office of data analytics for London. The mayoral race for London is approaching a critical junction, and all candidates are beginning to outline their vision of how they are…

London (2)

London FinTech startup WorldRemit lands $45m in funding
posted on February 10, 2016

London-based money transfer service WorldRemit has landed $45m in new funding from TriplePoint Venture Growth BDC Corp and Silicon Valley Bank. The money, a company statement said, will be used to support the startup’s growth. Having raised $192.7m in funding to date, WorldRemit allows people to send money straight from their smartphone, as opposed to…

UK high street

62% of people ‘would switch their bank account to a FinTech provider’
posted on February 9, 2016

Some 62% of people would consider switching their current account over from a bank to an alternative financial services provider, according to a new survey. The survey,  jointly produced by Personetics and Red Bricks, probed 1,000 UK bank consumers in an attempt to assess their attitudes towards traditional finance institutions and FinTech providers. According to…

pounds

FinTech company Sonovate raises £5m in Series A round
posted on January 28, 2016

Recruitment contract finance provider Sonovate has closed a £5m Series A funding round led by Dawn Capital, with support from DN Capital. The London-based firm also secured an additional £15m in debt funding provided by Shawbrook Business Credit. Sonovate CEO and co-founder Richard Prime said in a statement: “Agencies providing contract solutions have relied on…

everledger

Blockchain startup Everledger wins $10,000 at FinTech Finals 2016
posted on January 27, 2016

London blockchain startup Everledger has won $10,000 in prize money at the FinTech Finals 2016. The startup, which uses distributed ledger technology to track and verify diamonds, was named ‘Best in the Show’ after pitching to professionals from the world of FinTech. The event, held in Hong Kong as part of the StartmeupHK Festival, saw…

tech tour

UK FinTech firms can now apply for a chance to pitch to Europe’s leading VCs
posted on January 21, 2016

UK and European-based FinTech companies can now apply for the Tech Tour and IVC FinTech Summit due to take place in Paris this May. The Tech Tour Selection Committee — consisting of senior business executives across the VC, tech, research and economic sectors — will pick the top 20 most innovative FinTech companies and invite…

Editor's picks

Porto Valley

Accomable raises £300,000 to help disabled people find adapted holiday rentals
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kids playing

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E-commerce fashion firm Farfetch lands $110m in funding
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