In an op-ed in City A.M. the Lord Mayor of London, William Russell, argues that the fintech revolution began in...
At Innovate Finance's Fintech for Good Forum, Visa highlighted the opportunity of recommerce in the creation of a circular economy.
Last year SoftBank’s Vision Fund invested $800 million in Greensill and $440 million in OakNorth; those two deals alone made...
Implementation of blockchain operations for the finance industry is still ten years away according to UBS executive, Veronica Lange; speaking at the Innovate Finance Global Summit in London, the UBS head of innovation says blockchain is still primarily in a research and development phase; there are a lot of positive reports about pilot programs and solutions and the finance industry is moving toward greater utilization of the technology but discussions at the Innovate Finance Global Summit report that new infrastructure will be required for full deployment and that will take time. Source
UK fintech investment dropped 39 percent for the first half of 2020 to $1.84bn, down from $3bn in the first...
The UK Peer to Peer Finance Association (P2PFA) was first established in 2011 (we covered it here). The trade body...
[Editor’s note: This is a guest post from Ryan Weeks, formerly with Dow Jones and AltFi, covering fintech. This is...
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.
Often marketed as a "force for good," UK fintech's actual impact on issues such as diversity and the climate crisis remains limited.
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.