Posts Tagged ‘UK’

Meet the 35 most exciting young entrepreneurs, engineers, and advisors in UK fintech

Fintech is a big business in the UK. The British Treasury has now held two conferences to promote the country’s burgeoning fintech industry on the world stage and the government estimates that the entire sector is worth £7 billion to the UK economy. That’s up from almost nothing a decade ago. Business Insider has covered […]

Fintech envoy for Northern Ireland appointed

Georgina O’Leary, Director of Innovation, Research and Development at Allstate has been appointed as the government’s new fintech envoy for Northern Ireland. Georgina will be responsible for promoting Northern Ireland’s thriving fintech sector and championing it as a place for firms to develop and grow their business. She is the digital transformation leader at Allstate and […]

FinTech: Q&A With Simon Taylor, 11:FS Co-Founder

Recent news from London’s burgeoning FinTech hub has been encouraging for the city as it faces other challenges politically. The Brexit vote means that hiring tech talent is also a huge obstacle to growth. However, last month’s announcement that London FinTech Revolut is now a so-called unicorn with a $1.7 billion valuation and TransferWise working […]

UK fintech sector calls on Government to tone down hostile immigration policy

Innovate Finance, an independent membership association that represents the UK’s global FinTech community, has warned about the threat to the fintech sector from a tightening of the rules on overseas workers. The UK fintech sector currently employs some 76,500 people, of whom 42% are from overseas – 28% from European Economic Area (EEA) countries, and 14% […]

Blockchain is a ‘pixie dust’ fad, and its benefits in finance are ‘little to nothing’

Martin Walker, a director of the Center for Evidence-Based Management, a nonprofit that aims to improve the quality of executives’ decision-making, gave evidence about digital currencies and blockchain to members of Britain’s Parliament. Walker, who spent much of his career in banking and IT, told the Treasury Committee that “in terms of demonstrable benefits” of […]

Fintech sector increasingly attractive compared to traditional banking for IT professionals

An increasing number of advertised jobs, higher average pay and IT’s prominent position in fintech is making the sector a more attractive option than the traditional banking sector for IT professionals. Job vacancies in the UK fintech sector increased 9% in the last 12 months, while the traditional UK banking sector advertised 3% less. On average, fintech employees […]

SCOTEX To Launch Scotland’s First ICO

SCOTEX – the planned new stock exchange 2.0 company running on a Blockchain-based distributed ledger has announced that it is raising capital via Scotland’s first ever ICO. The ICO is the world’s first ICO-IPO hybrid, with an equity-like structure: token holders enjoy fee reductions, 30% of SCOTEX net revenue and full equity-style participation in upsides including […]