Internet of Things market to hit $7.1 trillion by 2020

By Leon Spencer The global Internet of Things IoT market is expected to grow by more than $5 trillion over the next six years, according to IT research agency, International Data Corporation (IDC). In its study, Worldwide and Regional Internet of Things 2014-2020 Forecast, IDC revealed its prediction that the global IoT market would hit $7.1 trillion by 2020, as people around the word — and particularly in developed nations ... read more


The Silicon Valley of fear – Technology titans pose a growing threat to financial giants

Google, Apple and other Silicon Valley companies pose a growing threat to financial giants as their data collection gives them the information to effectively target customers By James Titcomb Daily Telegraph As one of the most powerful men on Wall Street, Jamie Dimon isn’t the type to scare easily. However, even JP Morgan’s heavyweight chief has admitted to looking over his shoulder at the revolution growing on America’s west coast. “You’d be ... read more


The Boom in Global Fin Tech Investment: Fin Tech Grabs $3 Billion in 2013

  Accenture's new report 'The Boom in Global Fin Tech Investment' highlights that global fin tech financing has tripled over the past five years with UK and Ireland-based companies taking the lion's share of Europe's Fin Tech deals.   Global investment in financial technology or ‘Fin Tech’ has more than tripled during the last five years. And among the growing global centers of Fin Tech investments is the U.K. and, ... read more


Venture Capital to London Tech Companies Hits $1.2 Billion In Last Year

London continues to be Europe's tech hub. In the last 4 quarters, the Silicon Roundabout has seen accelerating deal and funding momentum. Over the past several years, London has asserted itself as a global capital for Fin Tech investments. But Fin Tech isn’t the only area London tech investors are excited about. Over the past four quarters, London-based tech companies saw a total of $1.23B in funding across 231 deals. Notably, ... read more


FCA announces Project Innovate – to help support financial services industry innovation

Martin Wheatley, Chief Executive, of the UK’s financial services regulator – the Financial Conduct Authority (FCA) – delivered a speech today (Thurs, 29 May 2014) at Bloomberg, London, on the subject of “Making innovation work for firms and consumers”. He announced what he called “one of the most important pieces of work currently emerging at the FCA, a project to help support industry innovation: from smaller start-ups to mass market ... read more


Fundraising New York vs the Valley

It's always funny how smart people look at the same data and come away with totally different conclusions. That happened with CB insights recent comparison of NY vs. Silicon Valley deal sizes. Specifically, they examined comparable companies in both regions and their funding totals including Quora vs. StackExchange, Betterment vs. Wealthfront and Indiegogo vs Kickstarter to name a few. As might be expected, the Valley companies raised more money in aggregate and ... read more


Start-ups challenge big banks’ technology

By Matthew Wall, BBC News.   The small guys are taking the challenge to the big banks Big banks beware - innovative technology challengers are coming to eat your lunch. That was the key message emerging last week from FinTech City London, a series of events for financial services technology professionals organised by the CEO Agenda and Icon Corporate Finance. Fintech, as financial services technology is modishly called, is enabling nimbler, ... read more


Banks of the Future

Photo: ING Direct by Newtone Banks of tomorrow will look very different from the ones we’re familiar with today. In fact, they might not look like anything at all—since, along with our music, photos, and emails, they’ll likely live in the cloud. Just as we are trading shopping malls and big box retailers for e-commerce and same-day delivery, we’ll be doing most of our banking in the future online, more often ... read more