25 Jan 2016
Fintech was every banker’s buzzword at the World Economic Forum, as leaders of the world’s largest financial companies both touted the potential of new innovations and leaned on regulators to control the startups threatening parts of their business.
Deutsche Bank AG Chief Executive Officer John Cryan predicted the disappearance of physical cash within a decade. Bank of America Corp. CEO Brian Moynihan said his firm now spends $3 billion a year, more than 5 percent of total expenses, on coding. JPMorgan Chase & Co. and Banco Santander SA announced an investment in ex-banker Blythe Masters’ blockchain startup.Go to Article
17 Jan 2016
Whatever 2016 brings, one thing will remain true: the biggest challenge for entrepreneurs and owners of small and medium-sized enterprises (SMEs) is to find the funds they need to launch and grow their business.
As a result, more companies than ever are turning towards smart investments as opposed to traditional loans from private investors or the bank.
The “alternative finance” market has doubled in the past 12 months and this pace is expected to continue in 2016, according to research by Nesta, a charity that works to increase innovation in the UK.Go to Article
01 Jan 2016
In a sign that Fintech has entered the realm of the establishment two leading entrepreneurs have been recognized by the Queen of England in the annual Honours List which was published yesterday.
Samir Desai, co-founder and CEO of Funding Circle, has been honoured as a Commander of the Order of the British Empire (CBE). Giles Andrews, Chairman and co-founder of Zopa has been honoured as an Officer of the Order of the British Empire (OBE).Go to Article