The so-called Fintech Revolution has drawn much commentary from the media and filled bank managers with dread of the threats posed by new fintech challengers, but is it really all that revolutionary? Even if it is not, progress is being made toward a more open financial sector that fosters healthy competition and innovation.
Bank of England
The fears of a Brexit-inspired recession seem to be receding fast. Fresh data is emerging that shows that the British economy is performing more robustly than originally expected.
The burgeoning FinTech industry is estimated to have brought £6.5 billion in revenues within the UK alone during 2015. Innovative technology companies are rapidly creating smart, intuitive programmes and apps that help consumers and businesses
From January 1, 2016, a new Europe-wide insurance solvency scheme came into force: Solvency II. The main objectives of Solvency II are to improve consumer protection and increase the international competitiveness between insurers in the EU