2017 — The Year UK FinTech Goes Mainstream
Brexit has created uncertainty. How does the UK maintain its lead? 2017 is the year when UK FinTech must go mainstream. Uncertainty is slowing down funding, which in turn is leading to a slowdown in innovation. The threat is that London could be overtaken by non-UK FinTech hubs. “Tech funding is officially slowing down,” confirms Katia Lang, co-founder at Disrupts Media and FintNews.com. “In the Q3, European start-ups suffered a sharp decline in funding, raising €2.1 bln from venture capital funds with 464 deals, a drop of a third from the Q2, and 39 percent lower compared with the same....
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A leading tech publication has published its predictions for Fintech industry in 2017. Blockchain technology to emerge as a driving force behind the sector's growth. The Fintech industry is currently in its prime. The increasing usage of cryptocurrency technology for financial applications has made blockchain technology synonymous with financial technology. The year 2016 signaled the rise of fintech sector, with many companies, both big and small coming up with some of the cutting-edge technology for banking and financial institutions. A leading online technology magazine has recently....
The year 2017 is predicted to push fintech and blockchain segment in South Africa. The next fintech and blockchain revolution is waiting to happen in South Africa. The country is already home for some of the most innovative startups, and with the new fintech wave catching up, more startups are expected to raise their heads by the end of this year. According to a leading regional startup news platform, most of the innovations in the year 2017 will be focused on mobile payments, digital banking, Bitcoin, SME financing, data analytics, real estate and automation solutions. Incidentally, all....
With Bitcoin price rising like an eagle, albeit a slight slump on Christmas, it ricocheted back impressively heading to $1000. In fact, next month is precisely eight good years since the first Bitcoin block was mined. In less than a week, the price rose more than 12 percent and looking at some factors the prospects in 2017 are all auspicious. Bitcoin experts believe that the current trend of an upward adjustment for the pioneer cryptocurrency will continue unabated in 2017. Roger Ver, also known as Bitcoin Jesus, and owner of Bitcoin.com holds the belief that there is good reason to think....
2017 is full of positive energy, renewed spirit, and the winds of change. As with any new year, new aspirations come with it, and the world is waiting for Bitcoin to gain its “killer app” that will take the digital currency mainstream. Kim Dotcom is working on it, but it will have to wait a couple more days. ‘I Want to Take Bitcoin Mainstream’. Last summer, online business mogul Kim Dotcom announced two future Bitcoin applications called Megaupload 2.0, or MU2, and BitCache that he said would revolutionize the Bitcoin industry and bring it into the mainstream. He boldly announces the day....
Investment in Fintech companies has reached an all-time high with $8.2 billion invested in the second quarter of 2016, double the more than four billion invested in Q1 2016. Asia and, in particular, China, significantly lead, with $7.22 billion invested in Chinese Fintechs during 2016. In total, almost $23 billion has been invested worldwide over a yearly period, more than double the funding raised during the same period last year. In the latest sign that Fintech has far surpassed the tipping point in China and is now mainstream or on the verge of being mainstream, Ant Financial, an....