RACONTEUR releases new report titled "UK Fintech"

UK Publisher of special interest content Raconteur.net releaded it report titled "UK Fintech" on 7 June 2016 online and with The Times print edition.

 

The report confirmed that the UK Fintech sector can be estimated tp be worth some £20 billion, and that the sector is now the UK’s fastest growing industry and London has become the fintech capital of the world.

 

A whole new wave of highly disruptive startups has forced established firms to rethink their business model and innovate before they are outpaced by emergent firms with greater agility. This report explores the blockchain revolution, and the innovative startups challenging financial services firms and inspiring collaboration between established firms and fintech newcomers.

 

KPMG and CB Insights publish research report "The Pulse of Fintech Q1 2016"

‘The Pulse of Fintech’ is a quarterly report created by KPMG Enterprise and KPMG Fintech in partnership with CB Insights was published in March 2016.  Given the significant interest in Fintech globally, and its ongoing evolution in terms of market drivers, technologies and potential use-cases, KPMG and CB Insights have partnered to publish the pulse of Fintech on VC investment globally.

 

The report is published quarterly and  highlights key Fintech deals, issues and challenges around the world, in addition to key trends and insights related to Fintech in key regions, including the North America, Asia and Europe.

 

The Q1 2016 report saw a big rebound in quarterly funding to the Fintech sector, with total investment in Fintech companies hitting US$5.7 billion. Globally, VC-backed Fintech companies drew $4.9 billion in funding, rising from just $1.9 billion in Q4-2015. Larger deals also spurred Fintech funding growth in Q1-2016. Q1-2016 saw 13 $50 million+ rounds to VC-backed Fintech companies, a slight rise from the 10 $50 million+ rounds in Q4-2015.

PWC publishes research report titled 'Blurred Lines: How FinTech is shaping Financial Services'

PwC published its Global FinTech report, 'Blurred Lines: How FinTech is shaping Financial Services' on 15th March 2016. The report  assesses the rise of new technologies in the financial services sector, the potential impact of FinTech on market players and their attitudes regarding the latest technological developments. Additionally, if offers strategic responses to this ever-changing environment.

The report is based on a survey of 544 respondents, across 46 countries, comprising CEOs, Heads of Innovation, CIOs and top management involved in digital and technological transformation across the FS industry: Payments, Asset & Wealth Management, Banking and Insurance. The survey also encompasses other companies such as consultants, national supervisory and international financial institutions.

World Economic Forum (WEF) issue research report on Fintech sector - “The Future of Financial Services” on 30 June 2015.

The World Economic Forum (WEF), the Swiss-based corporate think-tank which runs the Davos summit of world leaders each January, issued a research report titled “the Future of Financial Services” on 30 June 2015.

The WEF report says major disruptions are in store for many once highly profitable financial services businesses and that the world's top banks and insurers are being forced to review their business models amid rapid inroads by nimble "fintech" start-ups, which are reshaping what consumers and businesses expect out of financial services.   The research study, based on 15 months of interviews and workshops with executives from financial institutions and fintech start-ups, joins a flood of recent reports showing technology is eroding the bulwarks of the financial services industry just as it did in areas such as travel and entertainment a decade ago. 

Accenture in association with Partnership Fund for New York City released a new research study titled “Fintech New York: Partnerships, Platforms and Open Innovation”

On 25 June 2015 Accenture in association with Partnership Fund for New York City released a new research study titled “Fintech New York: Partnerships, Platforms and Open Innovation”.

The research report stated that investments in fintech continued at a remarkable pace last year, nearly tripling in the United States in 2014.  The value of fintech investments in the United States soared to $9.89 billion in 2014, up from $3.39 billion in 2013.  This 191% increase dwarfs the increase in 2013, when fintech deal values in the United States climbed 68 percent. In New York, fintech deal values grew by 32% in 2014, to a new high of $768 million. 

The report notes that hot areas for fintech investment in 2014 included payments, lending, trading technologies and wealth management. Payments accounted for the largest number of fintech deals in the United States in 2014, 29%. In New York, however, the total number of fintech deals in payment companies has trended downward, from 33% of all fintech deals in 2012 to 21% in 2014. Lending was the second-biggest investment area for U.S. fintech investments in 2014, accounting for 16% of such investments.

Univsity of Cambridge and Nesta present research report “UNDERSTANDING ALTERNATIVE FINANCE - The UK Alternative Finance Industry Report 2014”

The University of Cambridge and Nesta, supported by ACCA and PWC, have undertaken an extensive research , which is the largest study of the UK alternative finance industry as at November 2014.

The research report is title “UNDERSTANDING ALTERNATIVE FINANCE - The UK Alternative Finance Industry Report 2014”.

 

The UK’s alternative finance market – which includes crowdfunding, peer-to-peer lending and invoice trading – is set to reach nearly £2 billion by the end of 2014, and is expected to double in 2015, as businesses increasingly seek more efficient ways to raise funding.  Alternative finance covers a variety of new financing models which connect people seeking funds directly with funders, often through online platforms. The majority of these providers have been founded in the last five years. Regulation of parts of the industry was introduced by the Financial Conduct Authority (FCA) in April 2014, and in October the UK Treasury launched a consultation on a proposal for an ISA for peer-to-peer lending.

UK Trade & Investment (UKTI) release a research report titled “Fintech – the UK’s unique environment for growth”

UKTI released a report titled “Fintech – the UK’s unique environment for growth” on 6th August 2014 to coincide with the launch of the new UK Fintech organisation Innovate Finance.

The report looks at the strengths of the UK’s Fintech sector and how overseas companies can benefit from setting up in the UK.

The full report can be viewed or downloaded here.
Fintech in the UK. The UK is a uniquely well-suited location for technology applied to financial services – Fintech. This fast-growing sector covers both: (1) Traditional Fintech (with larger incumbent technology firms supporting the financial services sector), and (2) Emergent Fintech (with small, innovative firms using new technology to bring financial services directly to consumers, often disrupting existing business models).

The UK and Ireland is now the fastest-growing region for Fintech investment (Accenture). Deal volumes here have been growing at 74 percent a year since 2008, compared with 27 percent globally and 13 percent in Silicon Valley. During the same period, the value of Fintech investment increased nearly eightfold, to US$265 million in 2013 – a rate of 51 percent a year, nearly twice the global average (26 percent), and more than twice that of Silicon Valley (23 percent).   The UK’s growing strengths in Fintech are due to: 

New UK Fintech industry body Innovate Finance launched by the Chancellor of the Exchequer, the City of London Corporation and the Canary Wharf Group

Innovate Finance http://innovatefinance.com is the new UK industry body established to promote the interests of the UK’s rapidly growing Fintech sector. The launch was held on 6th August 2014, at Level39 http://level39.co. Online reports indicate that 250 people attended the launch.

What is Innovate Finance?
Innovate Finance is an UK industry organisation that will accelerate the UK's leading position in the global financial services sector, by directly supporting the next era of technology-led financial services innovators, whether they be a young start-up or an established industry player.

The organisation aims to be a single access point to the full financial services and technology ecosystem and – through its own innovation programmes and partnerships with other organisations – connects members to policymakers, regulators, investors, customers, educators, talent and key commercial partners (Including FCA Project Innovate, British Business Bank, TechUK and Open University).

The organisation is led by CEO Claire Cockerton, with a Board of Directors that includes Fintech leaders such as Nick Hungerford of Nutmeg, Justin Fitzpatrick of DueDil, and Alastair Lukies of Monitise Plc, who will serve as the organisation’s Non-Executive Chairman.  An Advisory Council of industry experts includes Eric Van der Kleij, Head of Level39 Technology Accelerator and Nadeem Shaikh of Anthemis Group, among others.

UK Trade & Investment (UKTI) has published a report that sets out the strengths of the UK’s fintech sector and the market opportunities for Fintech companies

The UKTI publication titled “Fintech: The UK’s Unique Environment for Growth” gives an overview of why the UK is a unique location for companies specialising in Fintech (Financial Technology).

UKTI publication suggests that the Fintech market in payments, platforms, software and data analytics is worth £20 billion to the UK annually. The research was commissioned by UKTI and carried out by EY (Ernst & Young). EY has for the first time mapped out the opportunities and strengths of the UK’s fintech sector by speaking to existing investors.  The UKTI report can be viewed / downloaded here.

The UKTI report was published to coincide with the launch of new UK Fintech industry trade body. 

Innovate Finance is a new UK industry organisation that aims to accelerate the UK’s leading position in the global financial services sector. It will support young or established technology-led financial services innovators.  

Fintech backdrop

Since 2008, the value of Fintech investment in the UK and Ireland region has increased almost 8 times to US$265 million in 2013. This makes the UK and Ireland the fastest growing regions for fintech investment globally. The UK’s strengths in fintech are due to:

• London’s position as a world leading centre for financial services 
• Edinburgh, Belfast, Leeds, Manchester, Birmingham and Cardiff all have strong financial services sectors 
• good availability of business capital 
• a supportive regulatory structure

A Research Report on Crowdfunding regulation in Europe issued by European Crowdfunding Network

The European Crowdfunding Network’s report is titled “Review of Crowdfunding Regulation - Interpretations of existing regulation concerning crowdfunding in Europe, North America and Israel”

The report provides in depth cover of the current regulatory approaches to crowdfunding in 29 countries, considering the varying applications of the single market legislation to Crowdfunders across Europe both now and in the foreseeable future. The report also reviews Crowdfunding regulation in North America and Israel.

On 3 October 2013 the European Commission started a public consultation asking for opinions on a (possible) harmonised regulation of Crowdfunding until 31 December 2013.   Crowdfunding is already restricted by national regulatory provisions, but the continuing development of the European single market in financial services has and will continue to ensure that there is a small degree of conformity between those national regimes, even absent any Crowdfunding-specific European regulation. Further it can be anticipated that Crowdfunding could be even more restricted under the future AIFMD regime.  The report can be viewed / downloaded here

Source:  European Crowdfunding Network, Belgium (2013) http://crowdfundingnetwork.org