Is this the UK’s next FinTech unicorn? Hank Uberoi of London-based tech startup Earthport slams outdated global payment infrastructure August 26, 2015 Could this be the UK’s next FinTech unicorn? After previous success stories like Monitise and TransferWise leading the way, a UK-based payment platform slamming today’s global payment infrastructure for being “decades” out of date is hoping to disrupt the way companies pay their bills. Hundreds of thousands of international payments are made every day. But [...]
FriendlyScore: This FinTech startup can analyse social media activity to prove creditworthiness August 26, 2015 When you're sharing a selfie at dinner or updating LinkedIn with your latest promotion, you're giving away more than you might think. A London-based startup has taken the huge amount of data we share every day on social media to come up with a way of assessing whether we can be trusted with a loan or [...]
Jeremy Corbyn may be drawing out the youth voters, but new poll suggests millennials could be the new Thatcherites August 26, 2015 Labour leadership hopeful Jeremy Corbyn may be drawing hundreds of young voters to his rallies, but a new poll shows that the hard-left candidate may not have what it takes to bring them to the ballot box at a General Election. Read more: Students are more right-wing than the general public on key economic matters like [...]
Including peer-to-peer lending in the new innovative finance Isa will provide boost for millions of Brits August 26, 2015 Something momentous has happened to the UK peer-to-peer lending industry, as the government finally confirmed its plans to introduce a new type of Isa covering peer-to-peer loans. This boost for the sector comes a decade after my company Zopa pioneered the concept back in 2005. Read more: Peer-to-peer lending isn’t shadow banking – it’s now [...]
Summer break inspires City slickers to switch careers for a job in the sun August 25, 2015 Two weeks in a tropical paradise is seemingly enough to tempt even the richest City slickers into packing it all in to become a surf instructor, as apparently over 50 per cent of UK workers seriously consider a career change immediately after the summer holidays. After returning from a summer break, one in two workers [...]
Markit expands fintech service with acquisition August 25, 2015 Financial data supplier Markit is expanding its reach in the global financial industry, as it announced yesterday it has agreed to purchase foreign exchange trading service DealHub for an undisclosed sum. Markit said the acquisition will allow the group to expand its service, offering a one-stop shop for banks, brokers and asset managers. Jeff Maron, [...]
Perfect timing August 23, 2015 Harriet Green talks pub food, capitalism and the importance of shiny things with Watchfinder’s Lloyd Amsdon When I ask Lloyd Amsdon’s seven year-old step-daughter if she knows what an entrepreneur is, she draws a blank. It may be age-related, but there’s no reason why she would have heard the word. “I’m only an entrepreneur when I’m [...]
Investec Comment: Five rules for businesses on social media August 23, 2015 Whether it’s Twitter, Facebook, LinkedIn or Pinterest, social media has become an essential channel for businesses of all sizes to reach customers, potential customers, and wider society. The past few years have seen an intensification of the social trend. The ability of a company to access consumers directly (and vice versa), to be in the [...]
Following the Kids Company fiasco, what does alternative finance such as peer-to-peer and crowdfunding offer charities? August 20, 2015 What's the connection between charities and alternative finance? Currently, the answer is not a lot – charities are often big, well-oiled machines, and peer-to-peer lending and crowdfunding platforms are still very new. But do the latter offer the former something? The ongoing Kids Company fiasco has put the charity model under scrutiny. And the [...]
Andy Murray invests in three British tech startups through Seedrs equity crowdfunding platform – Tossed, Trillenium and Fuel Ventures Fund August 19, 2015 Tennis ace Andy Murray is busy working on his investment portfolio off the courts, it seems – after he invested in three British startups through equity crowdfunding platform Seedrs. Murray, who is the world's fifth biggest earning tennis star and has millions sitting in the bank, became an investor in Seedrs itself and an advisory board [...]
