Cultivating London’s next generation of tech entrepreneurs June 15, 2015 Digital technology is changing the world, but the pace of that change is still breathtaking. In three years, Airbnb amassed as many hotel rooms as the Hilton dynasty did in a century. Ten years ago, Twitter didn’t exist – now it has more than 300m users. And Spotify adds around 20,000 tracks to its 30m-strong [...]
London Technology Week will showcase the UK as a global tech powerhouse June 14, 2015 This week, tens of thousands of tech experts from all over the world will descend on the capital for London Technology Week. It presents an opportunity to celebrate our city’s position as the tech capital of Europe. Inventors and innovators will parade the very latest in pioneering tech and digital thinking. And hundreds of workshops [...]
Deutsche Bank eyes FinTech startups with innovation labs in London, Berlin and Silicon Valley June 4, 2015 Deutsche Bank is the latest big lender to turn to the startup world for business innovation, eyeing FinTech startups to help kickstart its €1bn (£735m) digital strategy with the opening of three new innovation labs in Europe and the US. The bank will partner with HCL, Microsoft and IBM to open centres in London, Berlin and Silicon [...]
City set for a decade of job growth as finance and technology hiring to soar in London June 2, 2015 Booming finance and technology hiring will help create 145,000 new jobs in central London over the next decade in a sustained bounce-back from the financial crisis, according to a study out today from the City of London Corporation. The Square Mile can expect an additional 39,000 workers, with the remainder created across the other central [...]
These are the FinTech startups being backed by Citi May 29, 2015 Four FinTech startups have won $100,000 (£65,400) backing from Citi after a search for new technology and innovation to transform banking and business. London-based Swave, an app that encourages users to monitor spending and make saving easier, trading platform Trade It, a supply chain solution created by Umati Capital and textbook subscription app Kytabu were [...]
British Business Bank puts £17.5m in Passions Partners’ fund May 27, 2015 British Business Bank has put £17.5m into Passion Partners’ £45m second fund. The investment is the 18th that the bank has made via its Enterprise Capital Funds programme. Passion Capital’s Eileen Burbidge told City A.M. last night that she is very positive about the financial technology scene in London that Passion invests in. [...]
Banking brain drain: Why finance risks losing its best talent to the FinTech sector May 27, 2015 Britain's FinTech sector is a particularly bright spot in the UK’s recovering economy. Investment in London FinTech grew by 136 per cent last year, with the capital receiving 42 per cent of all European FinTech investment in 2014. But one less-discussed aspect of this is the potential impact on talent within the wider financial services [...]
A class of her own: Anthemis founder Amy Nauiokas talks gender and the future of banks May 10, 2015 What makes someone exceptional? Being chief executive of Barclays Stockbrokers by 34? Heading up four major departments at Cantor Fitzgerald in the wake of 9/11? Or setting up and running both a digital financial services investment and advisory firm and a media production company? These are just the highlights of Anthemis and Archer Gray founder [...]
Tech sector job creation climbs to new high but skills focus needed May 5, 2015 UK technology companies’ hiring has reached a record high despite the industry reporting slower growth in business. The tech sector UK business activity index published today by consultants KPMG and financial information firm Markit scored 55.7 for the first three months of the year. Any figure above 50 represents growth with higher scores marking faster [...]
General Election 2015: FinnCap CEO Sam Smith wants more help for growing companies and support for UK FinTech April 29, 2015 ELECTION COUNTDOWN: 7 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. SAM SMITH: CHIEF EXECUTIVE, FINNCAP Put in place further tax breaks for investing in growth companies. Reduced the corporate [...]