In his recent Mansion House speech “New Economy, New Finance, New Bank” Mark Carney referred to the brave new world we inhabit as the Fourth Industrial Revolution. We are living in an age characterised by a technological tsunami that is constantly changing and shaping the way we live, work and interact with each other. Read more
I wrote recently about the sea change in perspective in the lending landscape. The FCA is urging lenders to be more forward looking, to anticipate how borrowers will be able to repay their debt further down the line. Will they be able to weather a storm or will they go under? Read more
The UK fintech sector contributes nearly £7 billion annually to the UK economy and employs over 60,000 people across 1,600 companies. And every day companies like our own are developing and rolling out products and services which have the power to transform the everyday lives of millions of people, in a host of different ways, from medical interventions to financial security and new ways of banking. Read more
Back in October, I gave the new, international accounting standard IFRS9 a hearty endorsement, because I firmly believe it drives right to the heart of affordability. The IFRS9 standard, introduced in January, has a radical new perspective, recognising the importance of looking forward, anticipating problems before they happen. Read more
We are living in exciting times as the power of artificial intelligence is unleashed, impacting on every sphere of life. At home, we might have Alexa at hand to dim the lights for us, so we don’t have to leave the sofa and I expect most of us are keeping an eye on the self-driving cars story, however we feel about it. Read more
The cryptocurrency bitcoin continues its upwards trajectory, smashing through new ceilings recently to reach a point where a single bitcoin is now worth more than £12,000 Read more
The Financial Times have included Castlight in their shortlist for their Future of Fintech Awards.
Castlight was shortlisted by the FT along with four other early-stage firms as a leading fintech innovator. The awards recognise both innovative ideas and the ability to bring them into widespread use, with the Innovation Award in particular rewarding newer fintech companies that are bringing out novel solutions.
CEO, Phil Grady said,
“It’s great to have Castlight’s innovation recognised as capable of creating lasting change in the financial services sector on a global scale.”
“The idea of better credit scoring is attractive and it is significant that the company has made a profit from the first year and has not had to take any financing.”
Susan Lund is a partner at McKinsey and Company in Washington DC and an expert in digital finance in emerging markets. It was refreshing to hear her contribution to this week’s Analysis programme on Radio 4, where she reminded listeners that the digital revolution in finance doesn’t just benefit Western consumers, but is bringing better and cheaper finance to the developing world too. Read more
At a Future of Fintech conference in New York this summer, Anand Sanwal, CEO of CB Insights said that the idea of a “Bank of Amazon” was top of the list of 10 trends to watch in financial services over the next year. Read more
Uber, apparently the most valuable venture-backed company in history, has taken a tumble. Like all disrupters It was on a mission to change the world, to deliver a service that would cut right through the way people normally did things, and make life easier to navigate. But it has got itself mired in lawsuits and corporate culture chaos. Read more
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