Data-led marketplace connects startups with investors and NEDs

Connectd, a growth marketplace connecting startups, investors and advisors has landed a $1million seed funding round led by Saracens owner Nigel Wray.

Company achieves new milestone with AAA-rated issuance and record execution

Dutch FinTech Facevalue introduces a unique accounts receivable finance solution for European SMEs that challenges traditional factoring. Facevalue offers complete flexibility to its clients to determine which receivables they want to sell and charge no fixed fees.  Most factoring solutions to SMEs require that the business sell all their outstanding accounts receivables to the Financier for a fixed period, usually two years that includes high fixed costs.

• McGuire brings more than 30 years of international industry and government experience
• Previously served as Group Chief Information Security Officer (CISO) at Standard Chartered

Fintech Week London 2021 confirms the city’s status as one of the world’s most important fintech hubs

Fintech, otherwise known as financial technology, is a term to describe innovations that are revitalizing the financial services sector. They are technologies that have been implemented and integrated to help financial institutions streamline services, be more compliant, increase competitiveness, and draw in more customers. No one really knows where, when, or who coined the term, but one thing is for sure, it’s here to stay!

Financial services companies are rich in data.  But the vast majority of the data they store cannot be accessed or commercialised due to privacy concerns, operational complexity and regulations.  Data sharing enables institutions to work with larger and more diverse data sets, which helps ensure higher quality results.

Recent research finds Bitcoin mining unrealistic and unfeasible to invest in for UK businesses. Businesses in the Manufacturing industry are the most likely to succeed, however, their success probability in Bitcoin mining is 52 in 17.59 trillion and if successful, the profit only comes to £4,799.89.

Market share statistics from CMA9 banks indicate that Token is driving adoption of open banking payments in the UK

Leading open banking payments platform, Token, today releases market share statistics* showing it is driving open payments adoption in the UK.

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: 

‘’The banking bounce back has continued with HSBC doubling first half pre-tax profits as economies come out of their defensive hiding places, and the spectre of bad debt recedes.

Pre-tax profit for the period rose to $10.8bn, compared to $4.32bn for the same time last year.