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


8 Key Focus Elements Will Attract Startup Investors Martin Zwilling, Forbes, May 2013

One of the most common failures I see in startups is lack of focus. Unfocused entrepreneurs boast that their new technology will generate multiple disruptive products for consumers as well as enterprises around the world. Investors hear this as trying to do too many things with limited resources, meaning the startup will not shine at anything, and will not survive the competition. For example, just last week, I received a ... read more


Google quiety launch second VC fund, Google Capital Kent Bernhard, May 2013

Google, already a force to be reckoned with in the world of venture capital, is upping its stakes. The company has quietly launched a second VC fund, Google Capital, to invest in later stage tech startups. The company already has Google Ventures, an active player for early stage startups. Google Capital is making bets in companies closer to being acquired or going public, a Google executive said at the Red Herring 2013 ... read more