UK fintech investment dropped 39 percent for the first half of 2020 to $1.84bn, down from $3bn in the first...
The UK has triggered Article 50 and the 27 European Union countries will now begin negotiating with the UK for new terms; Innovate Finance's Lawrence Wintermeyer provides comments on the effects on fintech; says Brexit will make it more challenging for the UK to attract global investment and talent; Wintermeyer also says Brexit could potentially create new opportunities for regtech which will become increasingly important in cross-border activities. Source
[Update: The webinar replay is now available here.] This Wednesday LendIt and Innovate Finance are teaming up with some the leading...
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.
In an op-ed in City A.M. the Lord Mayor of London, William Russell, argues that the fintech revolution began in...
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.
Innovate Finance has reported global investment in fintech trending higher; details reported to Crowdfund Insider cite an increase of 27% in 2016 with investment for the year at $15.2 billion with 839 deals; UK fintech investment has slowed while investment in China has been increasing; Innovate Finance says China has reported the top three fintech investment deals globally with funding for Alipay, Lufax and JD Finance; in the US, insurtech firm, Oscar, has led investment fundraising with funding of $400 million. Source
Innovate Finance has announced eight industry leaders for a new ambassador program; Innovate Finance is one of the UK's most active trade associations for fintech; it's led by CEO Lawrence Wintermeyer; some of the program's industry leading ambassadors include Anju Patwardhan from the CreditEase FinTech Fund and Mike Sigal from 500 Startups; the ambassadors will be actively involved in the organization's upcoming Global Summit on April 10 and 11 in London. Source
Innovate Finance is encouraging the creation of two new fintech hubs in Bahrain and the UAE; Innovate Finance's CEO Lawrence Wintermeyer spoke on the potential benefits of a fintech hub for Bahrain on Monday at the FinTech Enterprise Excellerate (E2) conference; while in Bahrain, Innovate Finance will also meet with Bahrain fintech regulators; later in the week Innovate Finance plans to meet with fintech supporters in the UAE. Source
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