Innovate Finance's CEO Lawrence Wintermeyer has left the association to pursue other opportunities; Wintermeyer served as CEO for two and a half years and helped the association increase its membership to 250 members; Charlotte Crosswell, former CEO of Nasdaq NLX, has been appointed as the association's interim CEO while it searches for a successor. Source
The UK fintech sector has shaken off the worries of Brexit to take in the second highest amount of capital from VC’s in 2017; they have overtaken China and only trail the US in terms of VC funding; according to data from Innovate Finance UK fintech investment was up 153 percent in 2017 from the year earlier; 24 per cent went into challenger banks, 21 percent into money transfer and foreign exchange, 17 percent into alternative lending and financing and 11 percent into personal finance/wealth management; VC investment globally reached $14.4bn across 1,824 deals, representing an 18 per cent decrease from 2016. Source.
Two new working groups were created yesterday, Innovate Finance and City of London Corporation created Fintech Strategy Group and a consortium of fintech companies in Italy creating ItaliaFintech; the groups are meant to help fintech companies collaborate with traditional financial firms and work alongside regulators who want a better understanding of new business models; the working groups come after the European Commission laid out their Fintech Action Plan last week. Source.
UK based fintech industry group Innovate Finance has released their Women in Fintech Powerlist; the list highlights 150 women in...
While speaking at Innovate Finance Chancellor Philip Hammond launched the Fintech Alliance, a new platform to provide access to people,...
Innovate Finance published their annual list of women in fintech and while progress has been made, more work is needed; Innovate Finance CEO Charlotte Crosswell said "We’ve still got work to be done. When you look at statistics of women in fintech — it’s not there yet.”; other leaders like Anne Boden of Starling Bank said we all need to try harder; studies also show that the more diverse a team the better they perform. Source.
The UK recently visited China on a trade mission and signed a number of fintech deals worth more than $1.8bn; the deals are looking to create a deeper partnership between the nations and potentially create more than 850 jobs; deals include Innovate Finance and NIFA's memorandum of understanding, CurrencyCloud and X-Transfer's partnership and UK fintech R5FX's collaboration with Shanghai Clearing House. Source.
Open Banking kicked off in the UK this past January. Thus far we’ve seen slower adoption among traditional banks, a...
Forbes talks about the pace of change globally in financial services with Kirsty Roth, Global Head of Operations at HSBC...
The UK Peer to Peer Finance Association (P2PFA) was first established in 2011 (we covered it here). The trade body...