The four things which could tip the scales in favour of fintech startups over banks May 19, 2016 Banks can breath a sigh of relief. Fintech isn't going to make them obsolete any time soon, according to Moody's, but there are four things to look out for that have the potential to swing that balance in the other direction. There won't be a major shock of disruption from fintech, the credit agency has said [...]
Wealth managers facing “fight for survival” with rise of robo-advice May 19, 2016 Wealth managers are facing a “fight for survival” against the threat of robo-advice, a new report has warned. Temenos, a software specialist for banking and finance, has reported a “great transfer in wealth” from ageing baby boomers to younger generations. This reshaping of the wealth management industry, the Temenos and Forbes Insights report found, will [...]
Infrastructure fund makes first move into US as it seeks better value investments away from the UK May 19, 2016 A UK-based infrastructure fund has made its first move into the United States and is planning further investment across the pond as it becomes less focused on home soil. John Laing Infrastructure Fund (JLIF), a FTSE 250-listed company, has agreed a deal to acquire a 100 per cent interest in Project Service, which provides 23 [...]
From principles to communication: Six ways to transform your team’s performance May 19, 2016 In today’s world the role of a leader is to create a high performance environment where success is inevitable. Effective team working doesn’t happen by chance or by using a strategy of hope. As a leader you have to create your team and then sustain high performance. The secret of building a high performance team [...]
Zopa’s got a new finance product, expanding into car refinancing loans and more May 19, 2016 Peer-to-peer lender Zopa is branching out with a new loan product offering car refinancing in a bid for a share of the £12bn a year market. Around 40 per cent of Zopa's loans are used for buying a car and Zopa Car ReFi will be a dedicated product aimed at those who already have a car [...]
Digital challenger bank Tandem smashes crowdfunding target in minutes May 19, 2016 Another digital challenger bank has smashed its crowdfunding target within minutes as investors continue to clamour for an opportunity in fintech – and it hasn’t even launched yet. Tandem has raised £1m in just 20 minutes through crowdfunding platform Seedrs. The fundraising was open to those who pre-registered from 12pm today and having already reached its target, the bank is now [...]
Brewin Dolphin profits flow downstream May 19, 2016 Profits for wealth manager Brewin Dolphin have almost halved in the six months to the end of March, as less-than-ideal market conditions and a business restructuring took their toll. Profits before tax dropped to £21.5m, down 42.2 per cent from £37.2m for the same period the year before, although the earlier period included a one-off exceptional gain of £9.7m. [...]
This banking platform is using wearables delivering electric shocks to stop people going over their spending limit May 19, 2016 A new banking platform promises to reduce overspending among millennials, by using the "Internet of Things" to break bad spending habits. The platform – called "Interact IoT" – was devised by FinTech company Intelligent Environments and connects individuals’ bank details with smart devices such as Nest and Pavlok. Go beyond your spending limit, and your heating will automatically be turned [...]
Millennials are driving wine sales but are in the dark when it comes to actual knowledge about wine May 19, 2016 Millennials will be raising a glass to the news that they are now a major force in the UK's wine industry, although new research also suggests they don't have a clue what they're talking about. Successful millennials – between the ages of 18 and 35 with an above average income – now account for 31 per cent of [...]
Do you live in the UK’s luckiest postcode for lottery wins? (Spoiler – it’s in Greater London) May 19, 2016 People talk about postcode lotteries, but this is just ridiculous… Camelot, the company behind the National Lottery, has unveiled the UK's 10 luckiest postcodes – and it turns out the nation's biggest winners reside within the M25. According to the ranking, which shows wins of £50,000 or more per head of the population, the UK's [...]
