Profile: A global payments chief on a mission to disrupt April 12, 2021 Tom Cregan, the managing director and CEO of digital payments giant EML, is a heavy metal drummer and martial arts enthusiast on a mission to infuse rhythmic harmony into the world of payments. His favourite part of any day as chief executive is, what he calls, finding a ”1+1=5 moment” by thinking and approaching an [...]
Swedish payments firm Trustly plans to go public imminently April 12, 2021 Swedish payments firm Trustly plans to launch an IPO in late April or early May that could value the business at €9bn. Trustly’s owner, buyout group Nordic Capital, is working with Goldman Sachs, JP Morgan and Carnegie on the IPO, Reuters reported in January. Trustly’s revenues were around €130m in 2019 and will be around [...]
S&P 500 and Dow climb for third day and close at records April 9, 2021 The S&P 500 and the Dow rose to close at record highs, posting a third straight weekly rise partly on lift from growth stocks, with a late-day rally building gains ahead of quarterly earnings season next week. The Dow Jones Industrial Average rose 299.21 points, or 0.89 per cent, to 33,802.78, the S&P 500 gained [...]
Time to harness the momentum on diversity, not slip back into old ways April 9, 2021 | Sponsored DiverCity® Podcast · The Competitive Advantage of Social Mobility It is not enough to simply have an idea, a team or a business. Leaders need to also understand the social responsibilities that are increasingly accepted as a necessity and, as the pandemic has shown, an advantage. Purpose-led entrepreneurship, or the idea that businesses should be [...]
Digital pound would boost post-Brexit City, says think tank April 9, 2021 A digital pound should be at the heart of efforts to strengthen the City’s global attraction as a post-Brexit financial centre, think tank CityUnited Project said on Friday. The finance ministry will set out proposals for making Britain’s capital market more attractive after Amsterdam toppled London to become Europe’s top share trading centre following Brexit. [...]
Markets: Indexes in London and New York push further into record territory April 8, 2021 FTSE roars to highest levels since February 2020 as Wall St inches up
In-person conferences to return to the capital with fintech event April 8, 2021 In-person conferences are set to return in July with Fintech Week London, as lockdown restrictions ease after a socially starved year. “Virtual conferences have served us well during the pandemic, but there’s nothing like being around fellow professionals and immersing yourself in face-to-face conversations,” CEO of Fintech Week London, Raf De Kimpe, said. “The Covid-19 [...]
Plaid valuation tops $13bn after scrapped Visa merger April 7, 2021 Fintech firm Plaid has more than doubled its valuation to over $13bn (£9bn), just months after its takeover deal with Visa collapsed. The San Francisco-based firm today said it had raised a further $425m through a Series D funding round led by Altimeter Capital, alongside other new investors Silver Lake and Ribbit Capital. Existing investors [...]
Women of the City: Joanne Hannaford at Goldman Sachs April 7, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Joanne Hannaford, head of engineering in EMEA and head of regulatory [...]
Innovate Finance chief exec Charlotte Crosswell to step down in May April 6, 2021 Innovate Finance’s chief executive Charlotte Crosswell has today announced that she will step down from her role in May. Crosswell has run the industry body for the UK’s fintech sector since 2017. Janine Hirt, the body’s chief operating officer, will take over on an interim basis. Her four years in charge saw Crosswell lead Innovate [...]
