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There are 159 results for your search of 'pensions'
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The Open Banking revolution is not yet fully implemented in the UK, despite being ahead of its European peers when it comes to data sharing, according to the trustee of the Open Banking Implementation Entity (OBIE). Speaking on a panel at the PayExpo in London, Imran Gulamhuseinwala said the UK has some way to go in fully realising the benefits of the second Payment Services Directive (PDS2), but suggested that the financial data sharing enabled by early adoption of Open Banking is just the start of a much wider transition to Open Data.
10/10/2019
Tech Nation has revealed the 23 scaleups accepted onto its 2019 FinTech growth programme, delivered as part of HM Treasury's Fintech Sector Strategy.
In its second year, the six-month programme aims to help some of the most promising UK FinTech companies accelerate their growth and scale at speed at home and abroad. Starting on 24 October, the bespoke programme is specifically designed to connect and create opportunities for the founders through a series of in-depth insight sessions, networking events with key stakeholders and a three-day international showcase trip to the US.
05/09/19
Both employers and employees are open to using robo-investing to support savings and investments, according to new research from Smarterly. The online savings platform surveyed 1,248 employees and 508 HR professionals in UK businesses.
29/08/19
Starling Bank has partnered with mobile point of sale company SumUp to provide small merchants with access to faster settlements. SumUp’s terminals can be used with an accompanying app, or without an app via the company’s standalone 3G Reader, which comes with an integrated free data card.
29/07/19
Three FinTechs have each won a share of a of £27,000 investment pot, following a pitch evening hosted by EValue and 4xxi. Following a competitive round of online applications, five startups were chosen to pitch to the panel.
05/07/19
Technological changes colliding with other macro-economic and behavioural shifts could bring a £106 billion boost to the UK’s financial services sector by 2030, according to analysis from PwC. Of this estimated new business during the next 10 years, PwC estimated more than half will be driven by advances in insurance (£49.5 billion) and small to medium-sized enterprise (SME) lending (£4.1 billion) as firms operating in this area mobilise to meet changing consumer habits.
07/05/19
International trade secretary Liam Fox has announced two new FinTech bridge programs with Australia and Hong Kong.The initiatives, which have been established in partnership with HM Treasury (HMT) and build upon existing frameworks, have selected 20 high-achieving UK startups and established FinTechs to reduce barriers faced as they undertake their international expansion.
30/04/2019
The European Insurance and Occupational Pensions Authority (EIOPA) published its report on best practice among authorities licensing InsurTechs across Europe. As part of the European Commission's Fintech Action Plan, the document presents a mapping of current authorising and licencing approaches to financial innovation, including an assessment of how the principle of proportionality is applied in practice. It also includes an analysis of the approach to InsurTech startups operating as peer-to-peer (P2P) insurers.
28/03/19
More than a third of financial services jobs in The City of London are at risk of automation, according to a study by the Office for National Statistics (ONS). The analysis concluded that 1.5 million jobs in England were at high risk of having some of their tasks automated, with 710,000 jobs located in The City’s financial services hub being under threat.
26/03/2019
A panel of experts at the London Blockchain Week conference took aim at regulation yesterday, with one calling the authorities’ understanding of the emerging technology ‘lamentable’. Jonny Fry, chief executive of sector advisory firm Team Blockchain, noted that at industry events he’s attended in other countries, delegates have told him how lucky he is to be regulated by the Financial Conduct Authority (FCA) – “a regulator that actually listens to industry”.
12/02/2019
Automated payments hit a record high in 2018, with 6.4 billion transactions processed at a total value of £5 million, according to Pay.UK.The retail payments authority, which is in charge of Bacs Payment Schemes and Faster Payments, stated that in August 2018 alone 580 million payments were processed, surpassing the previous high of 573 million set in December 2015.
23/01/19
The term Open Banking has become overused in the industry and customers don’t know or care about it, according to Nationwide’s head of transformation. Speaking as part of a panel at the FinTech Connect conference, Matt Perks argued that the problem is not about educating people about the changes which force banks to share personal data, “but developing the compelling products and services that convince them of the value of giving over their data”.
07/12/18
In-app payments are the next priority for Yolt, as it looks to expand its offering and avoid ‘app apathy’. The money management app’s chief executive Frank Jan Risseeuw told FStech that his team is working hard on payments functionality. “We’re currently in alpha testing on this and as always, we’re working closely with our community to make sure our end product answers user’s needs.”
22/11/18
Nationwide is taking a minority stake in Moneyhub, the platform that consolidates accounts from different providers to help consumers manage their money. The investment is the building society’s third deal as part of a £50 million Venturing Fund launched in September. Nationwide is making strategic investments in and partnering with early stage startups exploring innovative products and services that could provide real benefits for its members in the future.
14/11/18
The chancellor is reportedly set to unveil plans to back the UK’s fastest-growing tech startups though new use of savers’ pensions pots in next week’s Budget. Philip Hammond is preparing to offer a funding boost for ‘scale-ups’ by channelling funds from a so-called ‘patient capital investment trust’ linked to billions of pounds of savers’ retirement pots, according to Sky News.
26/10/18