Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Finextra TV/Brexit

Loss of passporting could cause squeezed middle

Jim Warburton, Senior Director, Global Head of Financial Services Business Consulting, outlines the potential impact of Brexit on banking regulation and which types of financial institutions would be affected most by a loss of passporting.

23 September 2016

Company update/Brexit

Bank fees add to Brexit woes for UK importers

Since the UK’s referendum on EU membership took place three months ago today, it is unclear if ‘Brexit’ has had a major impact on Britain’s overall economy yet.

23 September 2016

Finextra TV/Brexit

Brexit offers exciting opportunities for growth

Laurent Kssis, Chairman, Coinsilium, speaks about the effect of a potential Brexit on the fintech industry and how the ETF market might be affected.

21 September 2016

Company update/Brexit

Over 5000 UK financial services firm rely on passports for business in EU

The Treasury Select Committee is today publishing correspondence from Andrew Bailey, Chief Executive of the Financial Conduct Authority, regarding the numbers of financial services firms in the UK holding passports to conduct business in other EEA member states and the number of EEA firms holding passports to conduct business in the UK.

21 September 2016

News/Brexit

Brexit be damned: UK fintech weathering the storm

Three months on from the Brexit referendum result and investment in UK fintech firms shows no sign of slowing down, according to data from Innovate Finance.

19 September 2016

Company update/Brexit

Lords Committee to hear evidence on what Brexit will mean for UK financial sector

On Wednesday 7 September 2016, leading academics and industry experts will give evidence on the impact of Brexit on the UK’s financial services to the House of Lords EU Financial Affairs Sub-Committee.

05 September 2016

News/Brexit

Brexit: What does it mean for derivative contracts?

Simon Leifer, partner at D2 Legal Technology, says financial firms should not underestimate the time and effort that will be needed to check their legal and derivatives contracts to ensure that they are not caught out by the effects of Britain's exit from the European Union.

08 August 2016

Company update/Brexit

TheCityUK sets out post-Brexit industry vision

A new report, released today by TheCityUK, sets out a future vision for the UK-based financial and related professional services industry to ensure its long-term growth and success.

03 August 2016

Company update/Brexit

Inline Policy launches Brexit Advisory Unit

Inline Policy, the consultancy for innovative and fast-growing businesses looking to engage with Government has launched a specialist Brexit Advisory Unit following the result of the recent referendum.

02 August 2016

News/Brexit

Lloyds to cut further 3000 jobs and close 200 branches in wake of Brexit vote

Lloyds Banking Group is accelerating its cost-cutting drive by announcing more job cuts and branch closures despite doubling its profit in the first half of 2016.

28 July 2016

News/Brexit

UK startups get Brexit boost while UK funds suffer

Venture capitalists have invested more than $200m in UK tech startups in the month following the controversial Brexit vote, allaying fears that London's growing tech sector would be one of the first casualties of the withdrawal from the European Union.

25 July 2016

News/Brexit

N26 granted German banking licence

N26, the Berlin-based challenger bank formerly known as Number26, has been awarded a full banking licence in Germany, aiding its push to expand its mobile banking service across Europe.

21 July 2016

News/Brexit

Clydesdale Bank cuts IT contractor pay

Temporary IT workers at UK-based Clydesdale Bank have agreed to a 10% pay cut in order to hold on to their jobs, according to news site ContractorUK.

20 July 2016

News/Brexit

UK firm claims largest ever P2P loan

UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).

20 July 2016

News/Brexit

Brexit-scarred London fintech startups enquire about moving to Berlin

Britain's recent vote to leave the European Union has prompted several London-based fintechs to enquire about moving to Berlin, claims a business development group in the German capital.

18 July 2016

News/Brexit

UK P2P lender MarketInvoice raises £7.2m

MarketInvoice, a UK-based P2P lender has secured more than £7m in its latest round of fundraising, defying the economic uncertainty around startups following the UK's controversial vote to leave the European Union.

18 July 2016

Company update/Brexit

TheCityUK announces new chief executive

TheCityUK is delighted to announce the appointment of Miles Celic as its new Chief Executive.

13 July 2016

Company update/Brexit

Icap reaps windfall benefit from Sterling decline

Icap plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services announces today its trading statement for the period from 1 April 2016 to 30 June 2016.

13 July 2016

Company update/Brexit

Average cost of £50,000 per employee to relocate from UK in face of Brexit

Synechron, Inc, a global consulting and technology innovator in the financial services industry, today announced the results of its analysis that determined it would cost banks and other financial services companies an average of £50,000 per employee to relocate parts of their UK workforce to another European city in the wake or Brexit.

11 July 2016

News/Brexit

The vultures are circling: EU states eye up London's finance crown

As states across Europe eye up London's business riches and tout their EU-friendly fintech credentials, German centre-right political party Freie Demokraten is taking a cheekily direct approach, driving a giant billboard truck into the heart of the capital emblazoned with an invite for Brexit-scarred startups to move to Berlin.

07 July 2016