Tagged: innovate finance

Edinburgh, Manchester, Bristol Home to Greatest Numbers of High-Growth Businesses in the UK Outside of London – Report

Research from Barclays Eagle Labs shows Edinburgh, Manchester and Bristol contain the strongest clusters of high-growth companies outside London, demonstrating “how local entrepreneurial and tech incubator networks are showing up for growth.” The Tech in the UK 2024 report from Barclays Eagle Labs shows “where… Read More

Innovate Finance Demands a National Anti Fraud Centre to Battle Consumer, Business Fraud

Innovate Finance, an association that advocates on behalf of the Fintech industry in the UK, has issued a statement calling on the UK government to create a National Anti-Fraud Centre to battle the financial fraud crisis. The cost of payments fraud is said to be… Read More

Innovate Finance Responds to UK FCA’s Consultation on Regulating Crypto-Assets

Innovate Finance has responded to the UK Financial Conduct Authority’s (FCA) consultation DP 24/4 on Regulating cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets. According to UK Finance, the regime is an important one, essentially regulating so-called “Shit Coins” that offer little or… Read More

Chancellor Rachel Reeves Meets with Top Fintechs in Advance of Spring Statement

Chancellor of the Exchequer Rachel Reeves has met with a group of top Fintechs in advance of next week’s Spring Statement, according to a report from Sky News. This follows an announcement about the UK government’s new policy of slashing red tape and reducing regulatory… Read More

UK: The Digital Pound Foundation Merges with Innovate Finance

The Digital Pound Foundation (DPF) has merged with Innovate Finance. Innovate Finance is an advocacy group that supports and promotes the growth of Fintech in the UK. DPF is playing a similar role but for advocating on behalf of a digital pound or CBDC and… Read More

Innovate Finance Announces Launch of RegTech UK

Innovate Finance, the industry body for UK based Fintech firms, has recently announced the launch of RegTech UK with the aim of improving the regulatory and policy environment for a sector that will be a core component of future growth in the UK. Under the… Read More

Global Fintech Funding Tanked 20% in 2024, UK Not Spared as Funding Declines 37%

It’s been a tough few years with challenging inflation, high interest rates, and tepid capital markets. While there are many indications the world has turned the corner, for Fintechs and access to capital, 2024 was a dismal year. Innovate Finance, a UK association that advocates… Read More

UK Fintech Firms Making Considerable Positive Impact on Economy – Innovate Finance Report

Innovate Finance, the industry body representing the Fintech community in the UK, and Vested Impact have released The Fintech Impact Report 2024, prepared in collaboration with Accenture, assessing the impact UK FinTech has on the “economy and society.” This latest report measures the Fintech ecosystem’s… Read More

The CEO Forum – London

Returning for a second year, we will bring together 20-25 of our High Growth Fintech CEOs to discuss a range of topics across four 1hr private room sessions hosted at Gray’s Inn, London. This intimate, half-day event will convene the CEOs of our highest growth… Read More

Labour Government to Support UK Fintech, May See £328 Billion Tax Boost from Key Sector

The new Labour government is expected to “embrace” the UK Fintech industry. The UK has long been a top global financial services sector, and support of Fintech is key to growth and ongoing relevance. According to a report in CityAM, the new Chancellor of the… Read More

Global Fintech Ecosystem Secures Nearly $16 Billion in Capital During H1 2024, UK Tops All Other EU Countries Combined – Report

Data generated by Pitchbook and posted by Innovate Finance, a UK-based group that supports the Fintech community, highlights global Fintech funding trends in the first half of 2024. The data includes both equity and debt funding raises. Fintech has been a significant success story “for… Read More

Innovate Finance Introduces Unicorn Council for UK Fintech Founders

Innovate Finance, the independent industry body for UK Fintech, has launched the Unicorn Council for UK Fintech (UCFT), a coalition of UK-based Fintech unicorn founders to accelerate and unlock promised growth in the UK FinTech sector. The Council will be “co-chaired by Janine Hirt, CEO… Read More

Women in Fintech Powerlist Now Accepting Applications

The Women in Fintech Powerlist 2023 is now accepting applications. The annual list is a project by Innovate Finance in the UK and highlights female founders/executives, influencers, and policymakers leading the charge in digital financial services. Applicants will submit names under eight different categories, including:… Read More

Fintech as a Force for Good Forum – London

The current cost of living crisis has underlined the need for our financial services industry to innovate and push forward solutions that better serve the consumer – enabling greater access to better products at a lower cost, for everyone. The Fintech sector has been a… Read More

Innovate Finance Politely Disagrees with Treasury’s Committee Criticism of Crypto

This morning, a Parliament Treasury Committee issued a report that was highly critical of crypto, announcing that it believes this sector should be regulated similarly to gambling. The Committee said many digital assets have no intrinsic value, creating unecessary risk for UK investors. Today, Innovate… Read More

Fintech MoU Signed by UK, Singapore, Countries Aim to Boost Trade, Cooperation

The UK and Singapore have agreed a new MoU “boosting fintech trade and cooperation at their 7th Financial Dialogue in Singapore.” The UK and Singapore agree a Memorandum of Understanding (MoU) “on the UK–Singapore FinTech Bridge to remove barriers to fintech trade and boost cooperation.”… Read More

Open Banking: Plaid Releases New Service for Variable Payments

Popular Open Banking service provider Plaid has announced a new service called Variable Recurring Payments (VRP). Plaid claims the offering can help UK businesses save more than £1.5 billion annually by slicing payment processing fees, according to a company statement. As the name explains, VRP… Read More

UK Fintech Investment for First Half of 2022 Grows 24%, a New Record: Report

While Fintech investment may be slowing in other markets, the United Kingdom appears to be bucking the trend. In a “Summer Investment Report,” Innovate Finance puts a pen to the numbers and they are encouraging. The organization states that during the first 6 months of… Read More

Innovate Finance to Launch BBC.com Series 2

Innovate Finance will revisit its video series with BBC.com. First launched in 2020, Innovate Finance produced 33 short video productions covering Fintech. Innovate Finance is a leading voice advocating on behalf of the Fintech industry in the UK, with most Fintechs being members of the… Read More

Binance UK Renews its Innovate Finance Membership as “Scaleup Innovator”

Binance UK is pleased to renew its membership at Innovate Finance, which is an independent not-for-profit industry body “representing the UK’s Global FinTech community, as a Scaleup Innovator for another year until 2023.’ As an international player in the digital asset sector, Binance is “committed… Read More

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