One of the biggest trends in the last 5 years has been the ease at which you can make a...
With auctions that cross the $5 million per NFT on average, questions arise about the legal status of NFTs globally.
"The #Payment Industry is Experiencing a Rebirth" The Changing Payments Landscape and its Effect on #SMEs with @Plastiq
UK open banking startups are in a celebratory mood after the nation's financial markets regulator changed the 90-day rule, which required users to re-authenticate their permission for sharing financial data every three months.
The UK peer to peer lending trade body, the P2P Finance Association, has released detailed loan book data of its...
Traditional stock trading firms are beginning to feel the pressure from fintech startups who offer in many cases free trading...
UK based digital bank Revolut launched disposable card numbers form within the app; the disposable nature of the number can help to reduce card fraud, one of the main areas of financial fraud; the move is part of a wider trend in banking to make the online shopping experience more secure and tailored to millennial customers; Revolut also allows users to freeze/unfreeze cards and disable functions like contactless and swipe payments. Source.
UK listed marketplace lending fund, P2P Global Investments, has reported struggling performance in 2016; monthly return in September was 0.23% for a year-to-date return of 3.41%; target annual return is 6% to 8%; peripheral factors such as debt facilities and currency hedges have affected the return; the fund is now selling at a discount of 19.8%; has been steadily buying back shares to help improve the NAV and also using securitization to reduce debt costs; loan defaults and delinquencies have been higher as a result of longer maturities, however the primary factor affecting the return is the broad global diversification of the loans resulting in losses from currency hedging. Source
The Financial Conduct Authority (FCA), the United Kingdom's financial industry watchdog, has raised the alarm on advanced forex trading platform, Profit FX.
The European Investment Fund (EIF) has pumped over $2 billion into venture capital funds and startups in the last four years; with the vote to leave the European Union, venture capitalists in the UK now fear that this important source of funding will disappear as the government looks to officially complete Brexit; the UK is not as fortunate as the US when it comes to endowments that allocate capital to funds, therefore the EIF has filled a much needed role; there currently is no plan to replace the EIF when the UK officially leaves, though lawmakers and lobbyists are looking to see if they can strike a deal to keep the flow of capital coming. Source