Latest Brexit News: Finextra Research

Look beyond London for the UK fintechs that will lead post-Covid recovery

Echoing Prime Minister’s Boris Johnson pledge to 'double down on levelling up' the UK economy, Citi Bank’s Tony McLaughlin believes the country can become an even more friendly environment for fintech and should be looking outside “a small perimeter around Old Street”.

09 September 2020

News/retail

Citing Brexit and Covid, Holvi pulls out of the UK

Holvi, the BBVA-backed fintech offering banking accounts for sole traders and small businesses, is pulling out of the UK just six months after launch.

12 August 2020

News/covid-19

Scaling in London during Covid-19: What to know and how to leverage it

The work has only just begun. Newfound’s inaugural Market Missions (virtual) event delved into the reality and opportunities faced by fintechs attempting to scale in the UK during Covid-19.

16 July 2020

News/payments

Covid-19 will ignite new agendas for payment trends and regulations

With the Covid-19 pandemic bringing to the fore long-term trends in the banking and payments industries, professionals shared their views on what lies ahead as part of PayExpo’s digital event.

15 July 2020

News/regulation

EDPB casts doubt over GDPR adequacy decision for the UK

In a letter to the European Parliament dated 15 June 2020, Andrea Jelinek, chair, European Data Protection Board (EDPB) raises concerns over the UK’s endeavour to reach an ‘adequacy decision’ with the EU following the end of the Brexit transition period.

17 June 2020

News/security

Trust remains integral to acceptance of AI by UK consumers

In response to the European Commission’s strategy for data released in February, Vikram Khurana, senior associate, Bristows LLC argues that “The EC is saying trust needs to be the bedrock of AI. If the industry can tackle this issue and build trustworthy AI systems, AI is more likely to be accepted and taken up by businesses and individuals.”

29 April 2020

News/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

06 March 2020

News/Brexit

Estonian e-Residency MD: No deal Brexit is no problem thanks to digital identity

Digital residency could nullify the worst-case scenario of a no-deal Brexit for small companies and entrepreneurs, according to Ott Vatter, managing director of Estonia’s e-Residency programme. “E-residency can be a solution for some companies due to the uncertainty,” he tells Finextra Research.

05 March 2020

News/retail

Global fintech fundraising holds up despite China dip

Global investment in fintechs dipped slightly in 2019 as strong growth in the US, India and Brazil was offset in China, where the mega-deals dried up, according to a report from Accenture and CB Insights.

21 February 2020

News/Brexit

Blaming Brexit, N26 quits the UK

German mobile bank N26 is quitting the UK, saying that Brexit means it can no longer operate in the country with its European banking licence.

11 February 2020

News/Brexit

UK fintech scene sees record investment in 2019

The day before Brexit, Innovate Finance has put out a report hailing a record 2019 for the UK's fintech scene and predicting a a rosy future.

30 January 2020

News/Brexit

UK finance industry faces urgent skills crisis

Urgent action is needed to tackle a skills and talent crisis in UK financial services, according to an independent review commissioned by HM Revenue which warns the industry is in for a bumpy ride in the face of the technological revolution and Brexit.

29 January 2020

News/Brexit

New challenger Oxbury aims to save farmers in post-Brexit Britain

Oxbury is the latest UK challenger bank looking to serve an overlooked market niche - providing business financing to farmers in post-Brexit Britain.

07 January 2020

News/Brexit

Finextra's year in review

With 2019 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

23 December 2019

News/Brexit

KRM22 postpones search for new funding

KRM22, an investment vehicle created to undertake a roll up of software companies providing risk management tools to the capital markets industry, has put a halt to a search for new funding citing the uncertainties surrounding Brexit.

01 November 2019

News/Brexit

Sibos 2019: Post-snub insights from LSE and HKEX

After the London Stock Exchange snubbed Hong Kong’s $36.6 billion buyout bid earlier this month, day two of Sibos 2019 in London kicked off with PwC’s Jeremy Grant engaging in fireside chats with both LSE CEO David Schwimmer and HKEX CEO Charles Li.

24 September 2019

News/Brexit

Sibos 2019: Should banks trust in the UK despite Brexit uncertainty?

Welcoming business leaders and industry experts to the Excel Centre in London for Sibos 2019, Swift innovation manager Innes Macleod takes to the stage to divulge Innotribe’s mission and reflect on the technological and societal changes that are challenging the financial services sector, with input from renowned experimental physicist and celebrity figure Professor Brian Cox.

23 September 2019

News/Brexit

UK fintech sector faces talent shortfall

A Census of UK fintech firms by EY and Innovate Finance has found that the sector has continued to attract rising levels of investment despite global economic uncertainty, although major challenges lie ahead in talent recruitment and gender diversity.

23 September 2019

News/security

Cyber-crime best tackled by international co-operation

Joining day two of the World Conference of Banking Institutes, Ian Dyson - Commissioner of the City of London Police addresses the challenges of cyber-crime in this period of digital disruption. In addition to the uncertainty surrounding Brexit and the potential no-deal outcome, the question of balancing privacy with data protection remains a critical priority for financial institutions in 2019.

18 September 2019

News/Brexit

Climate related risk management is now a ‘must-have’

On day two of the World Conference of Banking Institutes, executive director – business development of the Abu Dhabi Global Market Steve Barnett opened sessions with a focus on sustainability in emerging markets and explored how education is a core pillar when ensuring commitment to environmental, social, and governance (ESG) initiatives.

17 September 2019