N26 is closing their operations in the UK due to Brexit; N26 customers will need to withdraw or transfer their...
Some UK fintech firms are beginning to look at opening offices in other locations across Europe to appeal to young software engineers; Brexit has hurt the market for software engineers in the UK; while the initial evidence is anecdotal UK fintech companies like Curerencycloud are beginning to feel the pressure; Mike Laven, chief executive of Currencycloud, tells the FT, “We understand passporting, regulation and compliance and it will cost us money, but we will sort that out. To me, the London fintech issue is more around having the right people and having very easy access to that.” Source.
A new report by ratings agency Fitch says digital banks could be more vulnerable than traditional banks in the event...
The British High Court ruled on Thursday that Parliament must give its approval for Brexit, creating uncertainty on whether or not the UK will leave the European Union; plans for exiting the EU were to begin in March; the government now has appealed the High Court's decision to the Supreme Court which will consider the appeal in December; if the ruling is upheld speculators believe Parliament would continue with the same sentiment that its voters reported in June. Source
In an effort to ensure it can keep operating after Brexit, British money transfer company TransferWise will open a new...
Shocking news from across the pond today. Citing continued frustration over the uncertainty surrounding Brexit the entire UK fintech community...
European fintech firms of all stripes are preparing for the worst case scenario when it comes to Brexit; “Unfortunately no one...
The latest withdrawal agreement from Theresa May was soundly rejected by Parliament and now uncertainty takes center stage as a...
Private credit fund managers are already starting to see an increase in deal flow as traditional lenders shrink their loan...
IW Capital has surveyed 1,000 investors who have between GBP10,000 ($12,812) and over GBP250,000 ($320,300) worth of investments; the report shows UK investors are willing to take on greater risk in 2017; 44% of investors think Brexit will have a positive impact on their investment strategy; many investors see investment opportunity in private equity and UK investors also reported they will be looking more to tax efficient investing. Source