Tagged: imran gulamhuseinwala

March 25, 2022 @ 9:47 am By JD Alois  |  

  The UK Competition and Markets Authority (CMA) has issued a statement outlining its recommendations regarding the pursuit of Open Banking. The statement follows a consultation that was initiated in the spring of 2021. The CMA said its recommendations will guide a future entity that… Read More

November 12, 2021 @ 3:06 pm By Tony Zerucha  |  

Earlier this month the United Kingdom’s Competition and Markets Authority (CMA) provided an update on the current state of open banking in the region. It comes after the release of a report from an independent investigator of allegations against the Open Banking Implementation Entity (OBIE)…. Read More

January 29, 2021 @ 2:21 pm By Omar Faridi  |  

The Open Banking Implementation Entity (OBIE) has introduced its variable recurring payments and sweeping consultation phase II. The OBIE, which was created by the UK’s Competition and Markets Authority, recently released its response and has made revisions to its proposals following the initial phase of… Read More

November 15, 2019 @ 2:26 pm By JD Alois  |  

Nesta, in partnership with Open Banking Limited (OBL), has announced the Open Up 2020 Challenge finalists. According to Nesta, the 15 finalists were selected out of 107 entries. Many of these Fintechs are live and in the market already. This group of Fintechs will compete… Read More

October 6, 2019 @ 3:31 pm By Omar Faridi  |  

More than 100 Fintech companies have applied to participate in the UK’s Open Up 2020 Challenge. The firms will be competing to tap into the evolving open banking economy and a chance to win a £1.5 million prize fund. Managed by Nesta Challenges through a… Read More

October 31, 2018 @ 7:43 am By JD Alois  |  

Online lender iwoca is reporting that it has successfully released Open Banking for all new customers with a Lloyds Bank account. iwoca says it is the first ever business lender to connect with any of the UK’s nine largest banks under the Open Banking initiative,… Read More

January 12, 2018 @ 5:52 pm By JD Alois  |  

Open Banking is kind of a nebulous term. Unless you are very engaged with the UK financial sector it probably means little to you. Yet the concept of Open Banking will have profound ramifications for consumers and businesses in both the UK and Europe. In… Read More

October 30, 2017 @ 2:37 pm By Samantha Hurst  |  

CommunterClub has returned to the UK-based equity crowdfunding platform Seedrs just after it raised £2.3 million in venture capital funding. The company launched its first crowdfunding round in 2015, which during that time had only £25 million pre-money valuation. Its pre-valuation is now up to £11,546,623 and… Read More

October 13, 2017 @ 4:33 pm By JD Alois  |  

LendIt Europe took place in London earlier this week with around 1000+ attendees participating including a good showing of regular suspects and an emerging group of early stage, aspiring Fintech firms. For both presenters and attendees the backdrop of the Brexit decision and the uncertainties… Read More

October 10, 2017 @ 5:00 am By Therese Torris  |  

On Monday, October 9, Lendit Europe, the event gathering 1000+ representatives of the international fintech and lending scene on the banks of the River Thames, opened with a presentation by Imran Gulamhuseinwala OBE, Global Head of FinTech at consultancy firm EY, who spoke about “The… Read More

September 8, 2017 @ 9:58 am By JD Alois  |  

According to a census taking by EY and Innovate Finance (on behalf of HM Treasury), UK Fintech firms are quite bullish on their prospects in the coming year. The report, the 2017 UK FinTech Census, states that about half of the firms polled expect revenue… Read More

July 19, 2017 @ 8:12 am By JD Alois  |  

Nesta , a global innovation foundation, has announced the twenty Fintech firms that will participate in the Open Up Challenge. Nesta announced the competition this past February. The Open Up Challenge is a global search for organizations who would use new open banking Application Programming… Read More

December 31, 2016 @ 2:55 pm By JD Alois  |  

Imran Gulamhuseinwala joined the likes of Andy Murray, Victoria Beckham and Ray Davies on the annual UK New Years Honours List. This year’s list tallied 1,197 honours including 322 BEMs, 503 MBEs, and 222 OBEs.   Gulamhuseinwala, Global Lead for Fintech at Ernst and Young, earned an Officers of… Read More

October 10, 2016 @ 10:04 am By JD Alois  |  

Innovate Finance, along with partners EY & Hogan Lovells, has published a report on Blockchain adoption.  Entitled Blockchain, DLT and the Capital Markets Journey: Navigating the Legal and Regulatory Landscape, the publication addresses distributed ledger technology (DLT) and the current regulatory environment.  The report also provides… Read More

September 22, 2016 @ 9:48 am By JD Alois  |  

EY, in collaboration with Innovate Finance, has published a report on the need for investment banks to collaborate with Fintech firms and embrace innovation.  Entitled Capital Markets: Innovation and the Fintech Landscape, the authors state that while Fintech may have started with P2P lending, equity… Read More

December 22, 2015 @ 9:22 am By Erin Hobey  |  

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

October 15, 2015 @ 9:13 am By JD Alois  |  

London & Partners, a non-profit entity funded by the Mayor of London, is pounding the table on the growth of Fintech in London. The promotional company states that the capital’s booming Fintech sector is being driven by “record levels of investment and the rapid adoption of… Read More