LSBF Blog - Global Matters
The UK is to receive another challenger bank as Chicago-headquartered Iam Bank plans to expand and roll out online services, branches and financial workshops to consumers.
The company, which has dubbed itself the “Apple store” of banking, will be the first bank of its kind to offer learning and therapy-based financial workshops to help educate consumers on their financial decisions.
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Fintech investment between the UK and mainland Europe reached a two-year high in 2017 despite the uncertainties over Brexit, according to a report from professional services and Big Four firm KPMG.
The report showed that fintechs in the UK attracted $226 million in venture capital (VC) funding in the first quarter of the year, up by 28 per cent from $178 million in the fourth quarter of 2016.Read more >>
Barclays Bank is to offer employment opportunities across the UK, with 1,750 IT roles set to be made available at the company’s services centre.
The majority of the job roles will be based in the North West, but the company will also be offering employment opportunities in London.Read more >>
The Patent Box scheme was introduced by the UK Government in 2013 to encourage more investments in research and development.
After changes to the scheme by the EU in 2016, its appeal was reduced; however, this may soon be changed.Read more >>
In the past, most MBA graduates have chosen to become consultants in professional services firms or to work in banking after completing their education. However, this trend is changing.
With fintechs on the rise, students find them appealing; they are able to work in a fast-moving, innovative environment and see the results of their efforts - something they can’t often experience in the world of consulting.
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UK researchers have found that the brain is more stimulated when a person goes to university or takes up a leadership role at their workplace.
They believe that this can make people less prone to brain-related illnesses, such as dementia.Read more >>
Scottish Government-backed CodeClan is the UK’s first digital skills academy that has received full accreditation.
It has just started an intensive four-month training programme for candidates, who will be transformed into capable software engineers after completing the course.Read more >>
Banks are no longer worried about Britain leaving the EU, according to London-based finance headhunting firm Robert Walters. The recruiter stated that the banks are on a hiring spree across the UK, and this has prompted the company’s net fees to increase by 27 per cent in the first three months of 2017.
CEO, Robert Walters, stated that banks are positive about the UK now and are showing signs of commitment. They are looking for staff in specialised fields, such as investment management, cyber security, compliance and change management. There appears to be a great demand for specialists in these fields.Read more >>
A London-based IT services company has introduced gamification to help make its recruitment process more enjoyable for graduates.
FDM is looking to increase candidate diversity and make its graduate testing process more engaging with the introduction of Yellow Hook Reef, an assessment game by global game technology provider Arctic Shores.Read more >>
Ten of London’s leading education technology companies have teamed up to launch London EdTech Week.
British Educational Suppliers Association (BESA), EdtechXGlobal, EdTech Exchange and Google for Education are amongst the organisations that will be launching the event, which is set to take place from 19th to 23rd June 2017.Read more >>
For most students, passing the ACCA exams takes up a huge amount of their time and energy – but once the results are in, a whole new challenge begins.
Here’s our advice on what to do, whether you pass or not.Read more >>
New figures from the Office for National Statistics (ONS) have revealed the average earnings for jobs across the UK.
The ONS surveyed 21,563,000 people in the UK to calculate the salaries of over 400 jobs, with roles such as chief executives, sales accounts and business development managers being amongst the highest-paid positions.Read more >>
The Institute for Public Policy Research (IPPR) is calling for more support for disadvantaged graduates to enable them to have better access to internships.
A report from the think tank, titled The Inbetweeners: The New Role of Internships in the Graduate Labour Market, found that whilst there are as many as 70,000 internships on offer, many of the positions do not offer meaningful learning opportunities.Read more >>
Business optimism has reached a record high globally, with the US in particular experiencing a surge at 80 per cent, according to the International Business Report from professional services network Grant Thornton.
The report surveyed 2,400 businesses in 36 economies and found that business optimism has risen to its highest level going into the second quarter of 2017.Read more >>
Investment banks in London are hiring more staff for specialised finance job roles, indicating that they are no longer concerned over Brexit, according to employment agency Robert Walters.
The agency revealed that banks in the city are looking for staff to fill permanent roles in areas such as finance control, risk and compliance and change management.Read more >>
Business valuation expert Company Valuation Services (CVS) has launched an online guide to help UK businesses learn how to increase their potential.
The online guide offers expert advice and guidance for UK businesses to help them boost the value of their company in 12 months.Read more >>
London has been named as the world’s strongest fintech hub in a report from professional services and Big Four company Deloitte and trade body Innovate Finance.
The Connecting Global Fintech Hub Review 2017 analysed 44 fintech centres worldwide on factors such as technical expertise, regulatory framework and government support, with London scoring highly in all of the areas.Read more >>
A report from Market Finance Solutions has shown that investors in the UK are forging ahead with their investment plans despite Brexit.
Out of the 1,000 investors who were surveyed, 37 per cent believe that the upcoming Brexit negotiations will provide a good opportunity for short-term investment.Read more >>
Peer-to-peer invoice finance platform MarketInvoice funded a record £130 million of invoices in the first quarter of 2017, a 160 per cent rise from the first quarter of 2016.
The company also achieved a record high in March, with £54.7 million worth of invoices raised by businesses in the UK being funded.Read more >>
SMEs and mid-market businesses in the UK are feeling more ambitious than they did a year ago, according to the Ambition Index Report, which was produced by Lloyds Bank National Business Awards.
The report, which revealed how businesses are feeling about ambition, talent, Brexit and the challenges that they are facing, found that 45 per cent of businesses are feeling ambitious, despite concerns over Brexit, Article 50 and a weaker pound.Read more >>
Tech companies in the UK have more than doubled since the Brexit vote, an analysis of data from Companies House has shown.
The data showed that the number of tech companies in the UK increased from 2,325 to 5,995 in the eight months following the EU referendum.Read more >>
The London Chamber of Commerce and Industry (LCCI) has released a survey showing that London’s businesses are expecting a better outlook for their companies.
The research, which surveyed 500 businesses, demonstrated that respondents are feeling positive about their turnover and that confidence rose in the first quarter of the year.Read more >>
Amazon has announced that it will be launching its Amazon Business service for UK businesses of any size.
The service will be available to sole traders, small businesses, and larger companies.Read more >>
Entrepreneurs have revealed the top benefits of remote working in new research from insurance company Direct Line.
The research revealed the best places for small business owners to work, with coffee shops being named as the top choice, cited by 27 per cent of respondents.Read more >>
Over three quarters of young people believe that apprenticeships help to improve skills and boost their career prospects, according to youth charity YMCA’s Work in Progress report.
The report, which has been released ahead of the Government’s new Apprenticeship Levy, also found that four in five young people would recommend taking an apprenticeship.Read more >>