London mayor Sadiq Khan believes that the capital city could replace Silicon Valley as the go-to destination for tech startups based on venture capital (VC) momentum. Of the GBP 2,99 billion in VC funding that poured into UK-based tech plays in 2017, approximately 80%, or GBP 2,45 billion, was directed toward London-based tech companies, as per Pitchbook data gathered for London & Partners. Continue reading London Takes Spotlight for VC-Backed Tech
Bitcoin has taken the financial world by storm, and now it’s changing the face of the sharing economy, including peer-to-peer lending. Startups on the blockchain are increasingly taking the form of bitcoin-driven P2P lenders, while others, such as Fast Invest, which has been a traditional lender for the past few years, are expanding their business model to include cryptocurrencies. Continue reading Risks and Rewards of Cryptocurrency-Driven P2P Lending Platforms
Satoshi Nakamoto, the creator of bitcoin, in his 2008 document debuting bitcoin as a digital currency defined it as a “peer-to-peer version of electronic cash.” He proposed a “peer-to-peer network” on which payments could be made without friction or the added expense of trusted third-party service providers. It seems fitting, then, that bitcoin has since found its way to P2P lending. Continue reading Bitcoin-Backed P2P Loans on the Rise
Time flies – the end of the year is just a few days away and with holiday season already in sight, you can start putting together the agenda for the amazing year of 2018 you have ahead. We have done the hardest part by selecting events we consider the most exciting fintech gatherings for the first quarter of 2018. You just have to pick ones that may bring the most added value for you! Continue reading 10 Fintech Events You Should Consider Attending in Q1 2018
The alternative finance market in the UK has been on a tear. According to the University of Cambridge report, the online alternative finance market segment ballooned 43% to GBP 4,6 billion in 2016 from GBP 3,2 billion the prior year. While the 4th Annual UK Alternative Finance Industry Report reflects performance for all of 2016 over 2015, much of the momentum has spilled over into 2017, evidenced by milestones and records being set by the likes of Zopa, Funding Circle RateSetter among others. Continue reading P2P Shines in UK Alternative Finance Overview
Regtech a blend word for regulatory technology is a new fintech area emerged to enhance the regulatory and compliance processes for the financial services industry with the use of innovative technology. This blog post will provide an overview of this sector by looking at its main characteristics and analyzing few case studies when regtech was applied or may be useful for financial companies. Continue reading Regtech: Definition, Key Characteristics and Practical Applications
The end of the third quarter marks a new record for fintech deals and funding in Europe. VC backed fintech companies have raised $538 million within 65 business deals, coming close to $1.8 billion of the total amount raised and 216 deals closed since January, making it the most successful year ever even without counting the last quarter that still is not closed. If the development will continue at this pace, the total amount invested in European VC backed companies could exceed the $2 billion thresholds in 2017. Continue reading European fintech investments hit the record in Q3, 2017
From lending to investing, digital disruption is now affecting every aspect of the finance industry, changing substantially what customers’ expectations are and the way how financial services are operated. In this post we will take a look at the asset and wealth management industry, that is now changing at an exponential rate. Continue reading The Exponential Change in Wealth Management
If you observe the alternative lending market in Canada, you will find that the environment among fintech companies and banks is more collaborative than it is competitive. That’s not always the case in the European market, where fintech companies including P2P lenders are continuing to grab the market share from banks and infringe on their coveted access to customer data. Continue reading Fintech Continues to Grab Market Share From Banks
Regardless of any other factors, cybersecurity is an absolute priority for the fintech industry and is becoming a key factor determining the growth of the market. Well established financial institutions have started to invest billions of dollars into new technologies to strengthen their security measures and to increase the awareness of the importance to embrace digital transformation. However, cybersecurity is still considered an issue when it comes to technology innovation and collaboration with fintech firms as threats are developing at the same pace as technology is. Continue reading Fintech and cybersecurity – the future outlook
