London is still ranked as the world’s number one global financial centre index despite Brexit looming and a number of key asset management firms exiting the UK’s capital. Research undertaken by the Z/Yen Global Financial Centres Index (GFCI) found that London was still ranked at the
The City should forge alliances with other major financial hubs to strengthen and boost its position in the post-Brexit world, a new report by influential trade wonk Shanker Singham argues. According to Singham and co-author Catherine McBride, both of whom left Legatum to join the Institute
Singapore's Intellectual Property Office is to speed up the time taken to patent new fintech inventions in an effort to help startups bring their applications to the market more rapidly. Under the new FinTech Fast Track programme, patents can be expected to be granted in as
In the fast-moving world of FinTech, announcements are made daily about this new universe, not least the cities and countries that are trying to position themselves as FinTech hubs. Currently, London and Singapore are probably the two territories that are scrambling to be FinTech Royalty, not
The world’s leading minds in blockchain met with venture capitalists, investors, and government regulators to explore the interplay of decentralisation and centralisation in technology and the economy at the De/Centralize 2018 conference. Taking place at the Sands Expo and Convention Centre, Marina Bay Sands, on
Chancellor Philip Hammond will tell European leaders that it is in the "mutual interest" of both the UK and the EU to include financial services in a free trade agreement. In a speech, Mr Hammond will set out his argument against "sceptics", saying it is possible
US banking giant Citigroup is setting up an innovation centre in London in one of the first strategic investments by a big US bank in the British capital since the Brexit vote. Citi is initially hiring 60 technologists for the centre, the bank’s Europe, Middle East and
SME accounting firm Xero has partnered with payments platform Stripe to allow its 1.2 million users to receive Automated Clearing House (ACH) bank transfers. In a statement emailed to Bank Innovation, Xero, Chief Technology Officer, Craig Walker, stated: "Our ultimate goal at Xero is to make sure
Singapore’s central bank has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. “Cryptocurrencies are an experiment. The number and different forms of
In advice published in it's online resource, PwC has insisted that the UK's pre-eminence in the fintech sector is unlikely to change: It’s also important to stress that London’s pre-eminence in the FinTech space is the result of a number of disparate factors, many of which
