Within 2 weeks the UK will have a new Prime Minister as Theresa May steps down and with this change...
Bondora has reported that it will not be opening an office in London due to post-Brexit effects; instead it will open a new office in Germany; Bondora CEO, Partel Tomberg, says he is uncertain about European market access in London; Bondora CFO says German regulators including Bafin are increasingly opening up to supporting innovation in the financial sector. Source
The UK has triggered Article 50 and the 27 European Union countries will now begin negotiating with the UK for new terms; Innovate Finance's Lawrence Wintermeyer provides comments on the effects on fintech; says Brexit will make it more challenging for the UK to attract global investment and talent; Wintermeyer also says Brexit could potentially create new opportunities for regtech which will become increasingly important in cross-border activities. Source
The CEO of Revolut, Nikolay Storonsky, has called on the UK government to create specialized visas for technology professionals as the...
UK based Funding Circle is expected to report sales are up 48 percent and losses widened 38 percent in the...
One of the more controversial items of the past year around the world has been the Brexit vote in the UK, and at LendIt USA 2017 we hosted a panel of leading platforms to discuss what the vote has meant for their companies thus far; consensus opinion throughout the panel was that the campaign leading up to Brexit had a worse effect than the actually vote; most investors these platforms work with wanted Brexit, so the vote of leaving the EU was not a surprise to many platforms; origination volumes have rebounded since the vote and both small business and consumer markets are currently strong in the UK; during the campaign for Brexit a lot of uncertainty was in the market but that uncertainty and bad news was short lived; markets rebounded, the bad news cycles slowed and UK MPL platforms continue to show strength in the post Brexit world. Source
IW Capital has surveyed 1,000 investors who have between GBP10,000 ($12,812) and over GBP250,000 ($320,300) worth of investments; the report shows UK investors are willing to take on greater risk in 2017; 44% of investors think Brexit will have a positive impact on their investment strategy; many investors see investment opportunity in private equity and UK investors also reported they will be looking more to tax efficient investing. Source
The UK has officially left the EU and while most of 2020 will be a transition time fintech and bank...
·
https://lendit.wistia.com/medias/zmw4ew8yhx?embedType=async&videoFoam=true&videoWidth=640 London is the undisputed heavyweight champion of fintech, but it has found itself with a PR problem: Brexit. Will...
OakNorth, a successful new challenger bank in the UK, is calling on the UK Treasury to use Brexit as an...