Digital wealth manager Moneyfarm hits £1bn assets under management June 30, 2020 Moneyfarm has become the latest digital wealth management company to have more than £1bn in assets under management, it announced today. The milestone comes eight years after the launch of the company, which started out in Italy. Now UK-based, it boasts more than 45,000 customers in Britain, Italy, and Germany. At the end of 2019, [...]
Wirecard’s UK subsidiary scrambles to avoid collapse June 29, 2020 Thousands of UK consumers have been unable to access their cash, as financial apps relying on Wirecard technology were frozen after the German payments firm filed for insolvency last week. Wirecard’s UK subsidiary, Wirecard Card Solutions (WCS), said it was “working hard” to restore operations after the Financial Conduct Authority (FCA) on Friday ordered the [...]
“Vaccine will come, but not without huge challenges” – leading world epidemiologist June 29, 2020 | City Talk Professor Peter Piot, a legend in the field of virology and the fights against HIV and Ebola, is optimistic about a Covid vaccine. But he sees recurrent outbreaks as unavoidable. Professor Peter Piot was not surprised by the outbreak of a global pandemic earlier this year. “We always assumed there would be a big one”, [...]
The UK is setting fintech trends in the wake of COVID-19 June 29, 2020 | Sponsored Much has been written about the greatness of the UK fintech hub as one of the world-class locations that keeps setting global fintech trends. The UK used to be THE global fintech hub, thanks to combined efforts by regulators, governments, the great tech and finance talent pool, and famous startups that were born here. The [...]
How Fintech can help during and after COVID-19 June 29, 2020 | Sponsored In the coming weeks, tools that support the financially vulnerable will come to the fore. Fintech has the capacity to support the most vulnerable with affordable credit and promote financial wellness. The COVID-19 crisis has sent shockwaves through the UK economy. Many companies have applied for business support, with around 8.7 million jobs currently furloughed [...]
Why Fintech investing will become more attractive post COVID-19 June 29, 2020 | Sponsored With the global economy predicted to fall, valuations in Fintech companies will be hit hard, too. This will provide investors unique opportunities to invest into those Fintech firms at attractive valuations, which will shape the future of financial services. Fintech investments so far this year: The impact of COVID-19 and the speed of its disruption [...]
What makes London a tech hub? June 29, 2020 | Sponsored Why the key to London’s future success is in its past – and what the UK must capitalise on to top the US as the world’s leading tech hub. 2019 was a bumper year for the UK tech sector. London overtook Beijing to become the third biggest tech hub globally and UK tech investment topped [...]
Can Fintech and big data transform a post COVID-19 landscape? June 29, 2020 | Sponsored COVID-19 has transformed the world in a short space of time, possibly forever. With this change brings opportunity, and Fintech has the potential to be part of a brighter future. The SARS-CoV-2 virus epidemic has generated widespread strife and conflict in economies across the globe. Virtually overnight, consumers shifted their activities online. There is an [...]
Increasing the opportunities for female leaders in Fintech June 29, 2020 | Sponsored Fintech emerged from the 2008 financial crisis to transform traditional financial services, with aspirations to innovate, build trust and, deliver greater efficiency. While progress has been made for customers and businesses, are we optimising our ability to innovate? Despite the UK being one of the fastest growing Fintech economies, female founders make up only 17% [...]
Innovation and decentralisation are key June 29, 2020 | Sponsored The financial services industry is held back by rules imposed after the 2008 crash. We need to move forward. To liberate the financial industry, decentralisation is the way ahead. One of the unexpected side effects of of social distancing and the lockdown has been the uncovering of a lot of pain points in the business [...]
