Success from above: How to run your business like a Red Arrows pilot November 1, 2016 Fighter pilots may have an unusual office, sitting strapped to an ejection seat breathing oxygen through a tube, but they actually work in matrix teams in an environment characterised by ambiguity, imperfect information and time pressure. Many variables are outside their control; failure is not an option and mistakes have real consequences. Much of the [...]
Antony Jenkins’ fintech startup has revealed its first banking client November 1, 2016 The former boss of Barclays Antony Jenkins has revealed his new fintech startup's first client – and it's a well known name. 10x Future Technologies will build a digital banking platform for Virgin Money, the challenger bank founded by Richard Branson and boasting millions of customers. It will work on creating a digital platform for the bank [...]
UK fintech pushes for its very own “Big Bang” moment November 1, 2016 The UK’s world leading fintech industry will this week meet with top government officials seeking to spark another “Big Bang” moment, the first of which kicked off the making of the City as a global financial powerhouse. Leaders in the industry will head to Westminster where several meetings with treasury and trade officials are on [...]
Powa play: Dan Wagner ready for legal battle with former director Ben White over collapse of fintech unicorn November 1, 2016 With its multi-billion-dollar valuation, plush Heron Tower headquarters and outspoken founder, British fintech “unicorn” Powa was billed as Britain’s answer to Google – until, in February this year, it sensationally collapsed into administration. Now City A.M. can reveal the collapse is set to trigger a bloody courtroom battle as two of the story’s protagonists go head [...]
As inflation rises, central banks have their eyes on economic growth, not prices: Here’s what’s causing the bond sell-off November 1, 2016 Inflation is back, it would seem. After years of deflation and disinflation, recent data shows that price levels have been rising in the US, the UK and in the Eurozone. After a peak in bond prices in July, holders of debt are now concerned that the yield on long-dated securities could be eroded over the coming [...]
Power 100: TSB’s Helen Rose on how she became one of the most senior women in UK retail banking October 31, 2016 The chief operating officer of TSB, Helen Rose is one of the most senior women in the UK's retail banking sector. Here, she talks overcoming impostor syndrome, gender parities, and which qualities helped her reach the top. Power 100: These are the Square Mile's most inspiring women What went through your head when you accepted your job? [...]
Former Barclays boss Antony Jenkins launches fintech business October 31, 2016 Former Barclays boss Antony Jenkins has launched his new fintech business, 10x Future Technologies, which he thinks will "transform how banks operate". The platform will provide banks “with a new core digital banking platform” that Jenkins said would allow them to unify their range of complex data systems. Jenkins said 10x Future Technologies will give [...]
Home is where the smart is: City A.M. meets Krystian Zajac October 31, 2016 When I first came to the UK, I was living in a tiny flat with five other people. I was educated, but washing dishes for a living. I did not care, the money was still better than what I got in Poland,” says Krystian Zajac, founder of Andrew Lucas. As far as rags to riches [...]
Companies need to tell us the real numbers when it comes to pension deficits, say experts October 31, 2016 Some of Britain's high profile corporate failures could have been avoided if details of their pension scheme deficits had been made clearer according to experts. In a wide-ranging review of the FTSE 350, covenant experts, Lincoln Pensions, called for a greater level of transparency in company’s annual reports. "We believe that many of the issues [...]
The golden rules of venture capital funding October 31, 2016 Venture capital (VC) accounted for $3.6bn (£2.95bn) of investment in the UK tech sector last year – a 70 per cent increase on the previous year. On a per capita basis, the country is now the second biggest destination for VC money in the world. But while it’s a valuable option, it’s not necessarily the [...]
