TagInnovate Finance

Ex-Financial Ombudsman to Guide UK FinTech Sector through Brexit

Innovate Finance is to get a new chairperson who has been tasked with the role of guiding the U.K.'s fintech sector through Brexit. Natalie Ceeney, who was previously the boss of the Financial Ombudsman Service (FOS) and who made sure banks were held responsible for mis-selling payment protection insurance (PPI) to consumers who didn't know they had it or want it, will now be in charge of...

Brexit Uncertainty Sees UK FinTech Funding Fall by 33%

A new report by Innovate Finance and Pitchbook has found that investment in FinTech in the U.K. fell in 2016 to 33.7 percent while China and the U.S. dominated the sector. According to the report, The 2016 VC FinTech Investment Landscape [PDF], which was published this month, the U.K. received VC funding amounting to $783 million in 2016 compared to the $1.2 billion in 2015. This was largely...

Belgium and London to Work on FinTech

After the U.K.’s Brexit result, European countries have been attempting to overthrow the U.K. from the top position as a FinTech hub location. One European country that isn’t, however, is Belgium. Instead, Belgium wants to create a bridge that supports FinTech startups between the two countries. According to Finextra, Johan van Overtveldt, Belgium’s finance minister, has begun talks with U.K...

U.K. Treasury MP Talks up Fintech, Blockchain & Digital Currencies

UK Fintech

The United Kingdom has established a role as a global fintech leader and the government is committed to continuing this leadership, according to Harriett Baldwin, MP at HM Treasury. Baldwin announced several new steps the country is taking in this direction at Innovate Finance’s Global Summit at Guildhall in London. The U.K. leads in a variety of fintech specialties, such as alternative lending...

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