824 Results from /startups
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London is often considered to be the world’s ‘fintech hotspot’, with more than three quarters of London’s financial tech community claiming the city is a better incubator than other global tech hubs, such as Silicon Valley. Every day new companies make a debut on London’s fintech scene and almost half of the FinTech50 come from the capital. But as...
27 May 2015 /startups
Ever since FinTech found life outside of Silicon Valley, it was only a matter of time before London established itself as the most desirable location for FinTech growth. The UK capital received $539 million in venture capital investment in 2014, three times the amount raised in 2013 and accounting for over a half of all FinTech investments across ...
14 May 2015 /startups
SMEs are the backbone of the British economy. There are over 5 million of these ventures in the UK right now, and they are in great rip-roaring health. The banking big four handle the majority of SMEs funding needs. 85% of SMEs finance comes from them. That’s a pretty huge stat, and shows the limitation of current choice for SMEs. So what are SMEs...
07 May 2015 /startups
As the elections loom large and the party leaders are, as we speak, on some campaign bus or another, covering large swathes of the British Isles in the desperate bid to win over last minute voters, how are financial services companies feeling about the outcome? With this one likely to be “the most interesting” we’ve seen since the 1974 elections, ...
06 May 2015 /retail /startups
The total number of UK charitable donations made by Direct Debit rose to a record breaking 60 million in 2014, according to data from Bacs Payment Schemes, with values exceeding £1.21 billion, a rise of 4.1%. The study found that a number of charitable sectors benefited from Direct Debit in the last year, with the greatest beneficiaries being th...
21 April 2015 /payments /startups
In the previous post, I have made a statement that people not only dislike their retail banks, but they even distrust them. Despite that customers tend to stick around with their banks instead of switching to another bank, which I diagnosed as fear that a new relationship might strongly resemble the current one. At the competitive landscape, we wi...
20 April 2015 /retail /startups Innovation in Financial Services
Samsung is currently taking a pummelling from the media. Last month it was criticised for its Smart TVs that ‘spy’ on people in their homes, selling information on their behaviour and viewing choices to a nameless third party who is exploiting it commercially. As if this wasn’t enough to keep their PR team busy, a new fact has come to light: Samsu...
20 April 2015 /startups
The Financial Services (FS) sector continually invests huge sums in IT to remain competitive and compliant in a post financial crisis world. In 2014 Celent predicted a global bank IT spend of $188 billion. So it should be no surprise that FS companies are at the frontline of mobile enterprise applications. However, this IT spend often revolves arou...
17 April 2015 /startups
The great debate across the media and all interested parties is the face-off between the incumbents (banks) and new entrants (fintech start-ups). Each opposing party sees themselves as the true messiah, with the banking incumbents arguing that they are changing, the future is held secure through their excellent and utterly untarnished experience a...
14 April 2015 /wholesale /startups
Yesterday's letter sent to the Telegraph signed by 100 of the country’s leading business figures demonstrates a real belief in the current Government’s ability to manage the economy successfully and create a strong business community. It also demonstrates, five weeks before an election, a degree of concern that despite the shambles left by Blair, ...
02 April 2015 /startups
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