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Peer2Peer Finance News | October 23, 2017

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FCA’s regulatory sandbox is helping fintech grow

October 20, 2017 |

INVESTORS are more likely to feel comfortable backing fintech companies if there is an element of regulation, the Financial Conduct Authority (FCA) claims.

The City watchdog released an update on Friday on the progress of its regulatory sandbox which allows … Read More

Record-breaking year for fintech investment

October 19, 2017 |

THE LEVEL of investment into fintech firms in the UK is set to hit a new record in 2017, new research has suggested.

Data from London & Partners and Pitchfork found that so far this year more than $1bn (£760m) has … Read More

Financial services firms lack fintech strategies

October 18, 2017 |

FEWER than half of financial services firms have a defined fintech strategy in place, research claims.

A KPMG report titled ‘forging the future’ found 57 per cent of financial institutions across the world say fintech is the greatest source of disruption … Read More

London ‘will remain fintech hub of Europe post-Brexit’

October 16, 2017 |

LONDON will retain its status as Europe’s fintech hub after Brexit as long as it remains attractive to talent, with a dense cluster of financial institutions and in the digital single market, research suggests.

Antoine Baschiera, chief executive of Early … Read More

Sector deal vital for UK to remain leading fintech hub

October 12, 2017 |

Securing a sector deal offers the UK the greatest chance of maintaining its status as a global fintech hub, according to a report commissioned by the City of London Corporation.

The Value of FinTech report, produced by KPMG, states that … Read More

Silver surfers express scepticism towards fintech

October 11, 2017 |

OVER-55s are turning to technology to help with their health but are more sceptical when it comes to their finances, research suggests.

A poll of more than 4,000 adults by investing platform Willis Owen found while 61 per cent of … Read More

Central banks must “get their hands dirty” with fintech

October 6, 2017 |

CENTRAL banks must play a key role in the development of fintech, a Bank of England official has said.

Andrew Hauser, executive director for banking, payments and financial resilience at the Bank, said on Friday that central banks “cannot afford … Read More

Accenture: Don’t miss out on the big millennial opportunity

October 2, 2017 |

TRADITIONAL banks must continue to innovate and focus on the customer experience, otherwise they risk losing market share to tech companies and retailers.

This warning was issued by Accenture, after a survey of 2,000 UK consumers revealed that younger consumers … Read More

Prime Minister voices support for UK fintech in Bank of England speech

September 28, 2017 |

THERESA May (pictured) has spoken of the importance of the UK remaining a global hub for fintech.

Speaking at an event marking the 20th anniversary of the independence of the Bank of England, the Prime Minister spoke of the importance … Read More

New trustees join Finance Innovation Lab’s board

September 28, 2017 |

SIX new trustees have been appointed to the board of the Finance Innovation Lab.

The Lab was founded in 2009 by WWF-UK and the Institute of Chartered Accountants in England and Wales (ICAEW), with the aim of serving as an … Read More