BrexitRSS

Brexit could see UK influence over AI dramatically decline

It'll be hard

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.

US fintech slides, Asia and Europe rise says KPMG

KPMG

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 […]

Top fintech stories this week – 10 February 2017

Banking Tech 2

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 […]

Brexit wrecks it for UK fintech investment

It'll be hard

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 […]

GDPR and Brexit: be prepared!

It'll be hard

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.

Trade group report offers post-Brexit licensing guidance for fintechs

It'll be hard

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.

AWS data centre launch implies all is not well following Brexit

Brexit

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 […]

Bank of Lithuania promises one-week response to fintech licence enquiries

Lithuania keen on fintech

Bank of Lithuania, the country’s central bank and regulator, promises to provide preliminary answers to financial institution licence enquiries within one week, “the fastest turnaround in the EU”.

Sibos 2016: Key highlights. Banking Technology editor on Good Morning Sibos TV

tanya2

Tanya Andreasyan, Banking Technology’s editor, chats with Sibos TV hosts about the highlights and key themes of Sibos 2016, collaborative efforts within the industry to tackle cybersecurity threats, and the circles of the Brexit hell (we are now in circle one – Limbo).

Sibos 2016: markets still in “Dante’s circles of hell”

Sibos 2016: restoring trust in financial markets

Eight years on from the financial crisis, the market climate remains challenging. The global economy is still very shaky, there is still plenty of uncertainty regarding ongoing reforms and interaction with regulators, lending is limited by higher capital requirements, extremely low (or even negative) interest rates are not generating good returns and banks need to invest heavily in IT infrastructures to appease the supervisors.

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