Evening Read: Investors sit on record levels of dry powder, says Silicon Valley Bank’s UK boss May 12, 2021 In recent months we have glimpsed potential opportunities for the post-Covid economy: the huge acceleration in technology adoption, both corporate and personal. And that’s good news for London’s technology and innovation space. But to get startups’ ambitious growth plans off the ground and put the pandemic recovery into motion, sources of capital are needed: financing [...]
Exclusive: The City’s hunger for success and willingness to push boundaries is infectious, says tech guru May 10, 2021 Since the start of the pandemic, the entire economy and its workforce have moved online, with technology and digital tools keeping many businesses going. Jeremy Silver, CEO of Digital Catapult, a digital technology innovation firm based in Camden Town, has helped UK businesses small and large and across various industries to be more competitive online [...]
Travel finance start-up raises £10m to build up US operations May 5, 2021 A new fintech firm offering users the chance to split the cost of travel over 12 months has raised another £10m in funding, it was announced today. Start-up Fly Now Pay Later has now raised a total of £45m in funding following the close of its latest round, co-led by asset management firms Revenio Capital and [...]
Exclusive: A heavy metal drummer working to infuse rhythmic harmony into the payments space May 3, 2021 Meet Tom Cregan, a heavy metal drummer and martial arts enthusiast who is on a mission to infuse rhythmic harmony into the world of global payments. The managing director and CEO of digital payments giant EML’s favourite part of any day as chief executive is, what he calls, finding a ”1+1=5 moment” by thinking and [...]
Sunday Sitdown: ‘Skittish’ banks need to up their game, says CEO of Ezbob April 25, 2021 Following a nightmare year that was hugely disrupted by the pandemic and three subsequent lockdowns, the City is slowly switching into recovery mode as the economy starts to re-open and many sectors are coming back to life. To discuss the way back up, City A.M. sits down with Tomer Guriel, chief executive of Marble Arch-based [...]
Exclusive: London’s fintech bubble is ‘close to popping,’ warns Reed Smith partner April 13, 2021 A coalition of London fintech firms recently called on the Financial Conduct Authority to end the dominance of banks over the use of consumer data this year. They argue it would increase competition in the savings, credit, mortgages and pensions markets. Howard Womersley Smith, an expert fintech and data lawyer at Reed Smith in the [...]
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 [...]
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 [...]
Exclusive: Govt policy shows UK tech is ‘guiding light’ in pandemic recovery, says Beacon CEO March 30, 2021 Despite the upheaval that the pandemic has caused for many individuals and businesses across the UK, the tech sector has been relatively resilient over the past 12 months. The industry’s continued strong performance is reflected by recent data compiled by Tech Nation and the government’s Digital Economy Council, which shows that 10 per cent of [...]
Tecent, Baidu and SoftBank fined in China for monopolistic behaviour in fintech crackdown March 12, 2021 China’s market regulator said today it has fined 12 companies $77,000 each for flouting anti-monopoly rules. Concerning ten deals in particular, companies including Tencent Holdings, Baidu Inc, Softbank and a ByteDance-backed firm, were fined for behaviour that caused market concentration, the State Administration for Market Regulation (SAMR) said. The companies’ actions did not completely exclude [...]