As the UK has officially started the process of leaving the European Union, the Prepaid International Forum (PIF), a trade association for the prepaid financial services sector, urges Prime Minister Theresa May and the UK’s Brexit negotiators to avoid any scenarios involving trade barriers to the financial markets, especially in the fintech sector.
As the UK moves ahead with plans to implement the revised Payment Services Directive (PSD2), the Prepaid International Forum (PIF) has asked regulators for more clarification on certain aspects of how the framework will be applied in the country.
A team of British politicians and fintech business leaders are in India as they seek to strengthen trade and investment between the two nations. At the 9th UK-India Economic and Financial Dialogue, held today (4 April) in Delhi, the UK’s Chancellor of the Exchequer, Philip Hammond, and the Finance Minister of India, Arun Jaitley, discussed […]
Despite numerous assurances to the contrary, as the UK lumbers towards Article 50 there are still concerns about the negative impact on the technology sector.
Last year was a challenging one for fintech. The Brexit vote, the US presidential election, the slowdown of the Chinese economy, and fluctuations in exchange rates forced investors to tread cautiously, according to KPMG’s latest report “The Pulse of Fintech Q4 2016”. Despite a decline in overall fintech investments, 236 M&A transactions were recorded worth […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Temenos cuts jobs in US; eyes D+H payments business EXCLUSIVE. US layoffs cited as around 60 by some sources. Ziraat Bank London to replace legacy core banking tech EXCLUSIVE. Misys Fusionbanking moves in. Banks and UN launch sustainable […]
Uncertainty over Brexit has created a 33.7% decrease in UK venture capital (VC) investment for fintech firms, according to research by Innovate Finance. Investment was down to $783 million – less than two thirds of 2015 investment of $1.2 billion. Nine of the top 20 UK deals closed post Brexit, with total investment after the […]
The General Data Protection Regulation (GDPR) comes into full effect in the UK in May 2018. Even if the UK triggers Article 50 of the Treaty of Rome in March 2017, it has to give two years’ notice to leave the European Union (EU), and therefore cannot escape the new data privacy provisions.
With last year’s Brexit decision casting uncertainty on UK-based e-money passporting, the Emerging Payments Association (EPA) has released a new report recommending the best options for UK-licensed fintech and financial services companies in danger of losing their European Union passporting rights following the UK’s exit from the EU.
Amazon Web Services (AWS) has announced a new availability zone in London which indicates all is not well in the UK following Brexit, reports Jamie Davies at Telecoms.com. The new data centre creates the 16th availability zone worldwide for the public cloud leader, and is the first available in the UK. To date, customers in the […]