Innovate Finance is planning to move from Canary Wharf to a new location in the Square Mile; the industry body also plans to provide space for startups; Mark Boleat, the City of London's policy chairman, also noted they plan to bring broader and faster wireless coverage in order to attract small businesses stating that the Square Mile was a "natural place for fintech to coalesce." Source
Open Banking kicked off in the UK this past January. Thus far we’ve seen slower adoption among traditional banks, a...
Innovate Finance published their annual list of women in fintech and while progress has been made, more work is needed; Innovate Finance CEO Charlotte Crosswell said "We’ve still got work to be done. When you look at statistics of women in fintech — it’s not there yet.”; other leaders like Anne Boden of Starling Bank said we all need to try harder; studies also show that the more diverse a team the better they perform. Source.
In efforts to reach net-zero objectives, fintech's engagement with scope 3 emissions could be the missing link.
In the United Kingdom, Her Majesty’s Treasury will not provide accredited non-bank lenders access to the Bank of England’s capital...
While speaking at Innovate Finance Chancellor Philip Hammond launched the Fintech Alliance, a new platform to provide access to people,...
Jeremy Hunt's announcement today was less a "Big Bang 2.0” and more a conservative nudge to the existing financial system.
Despite feel-good assurances of a Net-Zero bid by those joining the Paris Agreement in 2015, the outlook seven years later is bleak.
The UK made its mark on Open Banking, but as global sights turn to the loftier prize of open finance, it's in danger of being left behind.
Innovate Finance and the Financial Conduct Authority have published a preview report on the UK Fintech Sandbox with a full report planned for May 2017; the preview report provides insight on the benefits of fintech sandboxes and how they can promote innovation while also helping to facilitate regulation. Source