FinTech

FinTech

Blockchain conference poised for return to Edinburgh

Edinburgh will next month host the second annual summit for professionals engage in the burgeoning field of blockchain technology and research.

Tech
LendingCrowd CEO Stuart Lunn, right, with head of origination Adrian Innes. Picture: Stewart Attwood

P2P lender LendingCrowd targets growth in Scotland

A peer-to-peer (P2P) SME lender that says it is the only one of its kind to be based in Scotland has reported a record August and has made a senior hire as it looks to grow north of the Border.

Financial
Banks are slowly working towards ways of embracing these alternative systems of payment like Bitcoin. Picture: Pixabay/Crative Commons

Comment: Banks will be ground zero for job losses from AI

Deutsche Bank CEO John Cryan has predicted a bonfire of industry jobs as automation takes hold across the finance sector. Every signal is that he will be proved right very soon.

Opinion
'Being disruptive is now a must-have business accessory,' writes Martin Flanagan. Picture: Contributed

Martin Flanagan: Fintech not backwards about coming forward

Fintech gets you immediate brownie points in the business world these days.

Financial

Fintechs gear up for revenue surge but worries persist

Half of UK financial technology (fintech) businesses expect revenue growth to double in the next year but question marks remain around customer adoption and attracting qualified staff, according to a major new report.

Financial
'We believe it is the digital currency of the future,' said Michelle Mone. Picture: PA Wire

Michelle Mone to sell luxury Dubai apartments via bitcoin

One of Scotland’s best-known female entrepreneurs, Baroness Michelle Mone, has launched a ground-breaking £250 million bitcoin-priced property joint business venture in Dubai.

Financial 12
Senior partner Steve Williams hailed a 'transformative' year for Deloitte in Scotland. Picture: Chris Watt

Deloitte sees revenues lift for seventh year running

Accountancy major Deloitte has boosted its revenues by £340 million – or 11 per cent – to £3.38 billion, the seventh successive year of growth, as it today hailed a “transformative” period in Scotland.

Financial
Minerva Lending director Ross Andrews. Picture: Contributed

Investors put trust in human touch over ‘robo-advice’

Almost three quarters of investors would trust an independent financial adviser (IFA) to make an investment decision on their behalf compared with just 12 per cent who would trust a “robo-adviser”, a new survey has revealed.

Financial
Nucleus chief executive David Ferguson. Picture: Jane Barlow

Nucleus investors share first payout after bumper year

Backers of Nucleus Financial have been rewarded with a £4.3 million payout after the Edinburgh-based financial technology (fintech) business delivered its first-ever dividend.

Financial
Money Dashboard chief executive Steve Tigar. Picture: Contributed

Money Dashboard to expand team after hitting £1m fund goal

Financial technology (fintech) company Money Dashboard is set to more than double its headcount after hitting its £1 million fundraising target.

Tech
Luke Scanlon warns against 'making generalisations that hinder progress' in the fintech field. Picture: John Devlin

Luke Scanlon: Fintech consultation requires right approach

Banking sector watchdog the European Banking Authority (EBA) this week launched a consultation exercise asking businesses to give their views on specific areas where fintech impacts on the regulated financial system.

Financial
The combined group will process about 40 billion transactions a year. Picture: Phil Wilkinson

Worldpay seals £9.3bn payment processing merger with Vantiv

Worldpay has agreed a £9.3 billion merger deal with US rival Vantiv in a tie-up that will create a global payments processing giant with a combined value of £22.2bn.

Tech
The fintech revolution may have stalled, 'but it still has the potential to transform banking', argues Accenture's Stuart Chalmers. Picture: Contributed

Traditional banks still standing despite fintech revolution

But we could be seeing a pause in rise of the financial industry “disrupters” rather than the game-changers running into the sand, writes Stuart Chalmers.

Financial
Guardhog warned that homeowners may not be covered when using home-sharing platforms. Picture: Steven Scott Taylor

Warning over Festivals home-sharing insurance risks

Homeowners in Edinburgh hoping to cash in on Festivals season by renting out their property have been urged to check they have suitable insurance in place.

Financial
London Stock Exchange Group says blockchain technology enables 'a more digitised, streamlined and transparent process'. Picture: Jeff Chiu/AP

London Stock Exchange Group embracing bitcoin technology

The centuries-old London Stock Exchange Group (LSEG) is embracing burgeoning bitcoin technology in the hope of scrapping outdated paper trading certificates for small and medium-sized businesses.

Financial
The FCA is to examine whether investors are benefiting from online platforms. Picture: Dominic Lipinski/PA Wire

City regulator to probe £500bn online investment sector

Fresh from calling for a radical shake-up of the UK’s £7 trillion asset management industry, the financial regulator has now set its sights on the growing online investment market.

Financial
Authorities are grappling with the field of fintech. Picture: Contributed

Defusing the legal minefield in financial technology

Melanie Martin, an associate in the EU competition and regulatory practice with Maclay Murray & Spens LLP, examines fintech’s impact on competition legislation.

Financial
From left: new Deloitte directors Gareth Hancock, Paul Cowley, Daniel Barry and Mark Pool. Picture: Contributed

Deloitte targets growth with new Scottish directors

Accounting giant Deloitte is targeting further hires after appointing five directors in the Central Belt, representing continued investment in Scotland.

Financial
Nucleus boss David Ferguson says the fintech firm is moving to a 'world-class facility'. Picture: Jane Barlow

Fintech group Nucleus Financial moving to new Edinburgh HQ

Nucleus Financial, the Edinburgh-based fintech business, is moving to a new home in the capital after agreeing a deal for space at the Greenside office development on Blenheim Place.

Financial
Aquila Insight co-founders John Brodie, left, and Warwick Beresford-Jones will remain at the helm. Picture: Contributed

Edinburgh big data outfit Aquila Insight bought by US group

Aquila Insight, the Edinburgh-based data analytics specialist, has been acquired by US marketing agency Merkle.

Tech
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