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

Five Hard Things Great VCs Do

Editor’s note: Mike Driscoll is founder and CEO of Metamarkets and partner at Data Collective. In Ben Horowitz’s The Hard Thing About Hard Things, he recalls a conversation in 1999 where one of his investors asked coldly: “When are you going to get a real CEO? Someone who has designed a large organization, someone who knows great senior executives and brings pre-built customer relationships, someone who knows what they are doing.” Horowitz describes how that stinging ... read more

Wonga rival poised to launch Chanice Henry, October 2013

A lender is set to throw a new lending service into the arena to compete against the likes of Wonga. Provident Financial is to shortly launch online lender Satsuma Loans with the aim of being the direct opposite of a payday lender. Satsuma will not enforce extra charges for delayed payments and the loan repayments will be made weekly.Mark Stevens, Managing Director of Provident Financial's Consumer Credit division, explained how ... read more