There are plenty of accelerators around almost in every business sector you can think of. However, discovering the one for charities was quite a surprise for me. But it makes perfect sense – while technological innovation and new disruptive business models are changing the way we make money, they can also change the way we give, and the way we engage with the third sector. The Rainmaker Foundation is a community with a mission to innovate the charity sector by bringing the same resources and tools available to commercial organisations to not-for-profits. The community of Rainmakers come from a variety of backgrounds, and bring their experience, talent and connections to the [...]
2016 demonstrated the continued maturity and growth of the mobile app market. The mobile money transferring apps maintained strong momentum last year as publishers continued to develop apps that transform how we interact with the world and each other. Moneymailme is surely one of them.
“These are the facts: using mobile money is, on average, more than 50% cheaper than using global money transfer operators. Moreover, mobile money facilitates competition and drives down the price of remittance services.”, explains Mihai Ivascu, Moneymailme Founder and CEO.
“Over 240 million. That’s how many international migrants currently there are, according to figures from the UN. When [...]
BTcoinX.com, one of the world’s most popular cryptocurrency exchanges, announced today that they will launch a retail based cryptocurrency trading platform to cater to retail investors to trade in small blocks in January 2017. The firm says the push into retail cryptocurrency trading is part of an effort to make the cryptocurrency accessible to everyone and to create the most advanced digital currency exchange platform on the market. The three-year old platform, BTcoinX.com has registered an explosive growth since its launch in 2013, providing two-sided liquidity trading for institutional investors of digital currencies. It is now one of the top cryptocurrency exchanges in the world. [...]
Whenever I hear that women “can’t have it all” I always try to think of a good example why it’s not true… When I met Georgia Hanias I had the impression I found one. The Head of Global Communications for Innovate Finance, she is something that a modern woman aspires to be – successful, with a strong sense of mission and purpose, with a good family. But as I found out it wasn’t that easy for her. We had a cup of coffee with the famous L39 view, and touched upon many issues about fintech, Brexit and diversity. Here are a few things I would like to quote Georgia on…
Brexit and UK Fintech
“We polled our members after the referendum and it became clear that overwhelmingly [...]
Changing Investment [...]
London is set to lead a dramatic growth in the regulatory technology (“RegTech”) industry, according to new research from FinTech Global, a specialist data and intelligence firm.
Key findings of the research are as follows:
• RegTech investments have more than tripled over the last five years.
• London has established itself as the global leader in RegTech deals.
• Growth is being driven by an increase in investments in anti-fraud companies.
• Investors expect strong growth to continue and London to maintain its leadership position.
RegTech investments increase by 3.5 times
Over the last five years, investments in RegTech companies [...]
Digital financial transfers move at the speed of email. The bug in the system is the accuracy of the actual bank data. Wrong email address, email delivery failed. Wrong bank address, in country payment codes, beneficiary details, transfer failed. This, hundreds of thousands of times a day. Entire departments dedicated to dealing with a queue of ‘exceptions’. Bank to Bank transfers include domestic and overseas wage runs, pension payments, client transfers, government transfers, and pretty much everything else involving sending money from A to B.
Why it’s an inevitable problem.
Bank identification data is not static. It’s ever changing. And every time it changes, the [...]
For over a decade, individuals at various stages around the world, have been encouraged to stand on stages at Thought Leadership events and make bold pronouncements about their vision for and version of the future. In language that previously might have sounded hyperbolic, Thought Leadership seems to have taken on the mantle of future shaping, horizon testifying and world changing.
This was probably always a distortion, an abstract made real through conjecture and belief but was viable as an approach when the future behaved in even vaguely with a sense of linearity or predictability. It’s less valid however when the events of 2016 have shifted the tectonics around future [...]
The word Biomimicry is from the Greek words bio meaning life and mimesis meaning imitation and is a methodology for innovation. This approach recognises that nature is a brilliant designer, doing just what most businesses are doing, protecting themselves against the future. It is a method that has made significant impact is a number of areas including engineering, energy and product design but has yet to be applied to financial services.
What Has Biomimicry Achieved?
Most success has been in terms of design of physical products requiring efficiency. Air conditioning systems have benefitted from imitating termite mounds, turbines have been improved from adopting the [...]
The interest in “big data and artificial intelligence” is overwhelming – but will machine learning and data from the past save the financial services industry from disruption?
The financial services Industry is surrounding itself with an exponentially growing sea of data measured in zettabytes, that’s terrabytes with additional 9 zeros. This doesn’t in itself help banks under pressure but if you add new financial technologies such as “big data” and “artificial intelligence” experts believe that financial institutions will be able to get a better understanding of what goes on, make smarter decisions and design new tailored services for their customers. IBM talks about the [...]