LSBF Blog - Global Matters

Britons believe that big banks should acquire fintech

Britons believe that big banks should acquire fintech

A study from insight research company Strive has shown that more than 50 per cent of the British public believe that big banks should acquire fintech.

The study surveyed more than 1,000 people, exploring their views on how the finance industry should incorporate technology innovation, and found that 13 per cent believe that it should be done through big tech companies such as Google, whilst 28 per cent said that it should be done through expansion of online-only banks.

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Fintech firms embracing Open Banking

Fintech firms embracing Open Banking

A report from professional services and Big Four firm EY has shown that fintech businesses in the UK are embracing Open Banking, with 59% seeing the initiative as an opportunity to reconsider their collaborations. 

The study, which surveyed more than 30 UK fintech businesses, found that more than 80% of businesses are getting ready for Open Banking, whilst 29% said that they are fully prepared for the initiative.

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ONS figures show rise in UK employment rate

ONS figures show rise in UK employment rate

Data from the Office for National Statistics (ONS) has shown that the number of people in employment in the UK increased between August to October 2017 and November 2017 to January 2018.

The latest Labour Force Survey showed that the employment rate reached a record high of 75.3%, up from 74.6% a year earlier.

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Accountants and recruiters share similar views on looking professional

Accountants and recruiters share similar views on looking professional

Research from CV-Library has shown that accountants and recruiters share similar views when it comes to looking professional for a potential job role.

The study surveyed 1,100 employees and more than 200 recruitment professionals to find out their views on posting information on social media and how this affects an employer’s view of potential employees.

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Mayor calls for London to promote women into senior roles

March 20 ,2018 | by Anisa Choudhary

Mayor calls for London to promote women into senior roles

Mayor of London Sadiq Khan has called for more to be done in London to help promote more women into senior roles.

The comments come after the Mayor published the Greater London Authority (GLA) Group’s gender pay data, which revealed a gender pay gap at several organisations in the city, including City Hall.

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Philip Hammond to launch UK fintech strategy

Philip Hammond to launch UK fintech strategy

Later this week, Chancellor Philip Hammond is to reveal a new fintech strategy to support the UK’s fintech industry.

The plan is set to be announced on Thursday this week at an international conference, with the Chancellor expected to discuss how the UK’s involvement in the digital economy can be improved.

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More SMEs planning to apply for finance, research shows

More SMEs planning to apply for finance, research shows

A study from market research agency BDRC has shown that the number of SMEs planning to apply for finance increased in 2017, rising from 10% in the first quarter to 14% in the last three months of the year.  

The company’s SME Finance Monitor surveyed 132,000 businesses and also found that more SMEs are becoming aware of peer-to-peer (P2P) lending, with more than 30% being aware of this type of finance in the final quarter of 2017.

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LHV Bank launches London branch to serve UK fintech industry

LHV Bank launches London branch to serve UK fintech industry

Estonian banking and financial services company LHV Bank is to open a branch in London to service the UK’s financial technology industry.

The bank will use the branch to engage with London fintechs and provide services for financial intermediaries.  

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Experienced bankers are moving into alternative finance sector

Experienced bankers are moving into alternative finance sector

Experienced bankers are moving into the alternative finance sector, creating an ideal environment for SMEs seeking finance, according to alternative finance provider ThinCats.

The peer-to-peer lending company discussed the trends that have taken place in the banking sector over the past decade, with the main change being the loss of high street branches as banks shift to digital services.

 

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Small businesses need to explore finance options available to them

March 14 ,2018 | by Anisa Choudhary

Small businesses need to explore finance options available to them

Research from Hitachi Capital Business Finance has shown that small businesses need to explore the wide range of finance options available to them.

The study found that start-ups are nearly twice as likely to use personal savings as those that have been in business for a decade or more, suggesting that small businesses in the UK are not seeking support from high street lenders.

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Flexible working becoming a priority for financial services firms

Flexible working becoming a priority for financial services firms

study from Hydrogen and My Family Care has shown that businesses in the financial services sector are prioritising flexible working.

The research looked at the needs, wants and challenges of employers and employees across a range of industries, including banking and finance, and found that more than 80% of people look for flexible working options before committing to a company.

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Business leaders value legal certainty over ambitious Brexit deal

March 12 ,2018 | by Anisa Choudhary

Business leaders value legal certainty over ambitious Brexit deal

A survey from professional services and Big Four firm KPMG has found that businesses in the UK value legal certainty over an ambitious Brexit deal agreed later on.

The study surveyed 280 chief financial officers and chief executive officers to find out how important a steady transition deal is to their business.

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Figures show increase in the amount of women on FTSE 100 boards

Figures show increase in the amount of women on FTSE 100 boards

Statistics from the Department for Business, Energy and Industrial Strategy (BEIS) have shown an increase in the number of women in senior positions in the UK’s largest companies. 

The data, which coincides with International Women’s Day, showed that women now make up nearly 29% of FTSE 100 board positions, an improvement on 2011’s figure of 12.5%.

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The #WonderWomen Series: Claire Carter

March 09 ,2018 | by Anisa Choudhary

The #WonderWomen Series: Claire Carter

For the fourth day of our #WonderWomen week of interviews, we spoke to Claire Carter, UK & Ireland Managing Director for Wolters Kluwer, Tax & Accounting.

With experience in the banking, tax, and accountancy industries, she’s made her mark on fields that are typically dominated by men. She believes that success in business is directly linked to authenticity, regardless of gender.

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The #WonderWomen Series: Pat Wadors

March 09 ,2018 | by Anisa Choudhary

The #WonderWomen Series: Pat Wadors

Pat was formerly Senior Vice President Global Talent Organisation at LinkedIn and is now Chief Talent Officer - CHRO at ServiceNow, one of the fastest growing companies in the world.

Pat is regarded as one of the top CHRO’s globally and her impact at creating an employee first culture around diversity, inclusion and belonging at LinkedIn is regarded as one of the best corporate cultures out there.

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AAT research highlights value of apprenticeships for small businesses

AAT research highlights value of apprenticeships for small businesses

A study from the Association of Accounting Technicians (AAT) has highlighted the value of apprenticeships for smaller businesses.

The research, which coincides with National Apprenticeship Week, showed that small businesses are recognising the benefits of apprenticeships, with 97% insisting that taking on an apprentice has been constructive and good value for money.

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The #WonderWomen Series: Beth Butterwick

March 08 ,2018 | by Anisa Choudhary

The #WonderWomen Series: Beth Butterwick

Today in our #WonderWomen series, we’re sharing the insights of Beth Butterwick, the current CEO of Karen Millen.

After 25 years of experience in retail – including at Marks & Spencer, Gap Inc., and Bon Marché – Beth has been awarded an Honorary Doctorate from the University of Huddersfield for her services in the sector.

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Consumers need educating about Open Banking initiative, research shows

Consumers need educating about Open Banking initiative, research shows

A study commissioned by digital banking solutions provider CREALOGIX Group has highlighted the need for more information on the Open Banking initiative for consumers.

The research surveyed 2,000 consumers and found that more than 85% have not heard of or are unsure of what Open Banking is, suggesting that banks need to educate their consumers about the initiative.

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The #WonderWomen Series: Shalini Khemka

March 07 ,2018 | by Anisa Choudhary

The #WonderWomen Series: Shalini Khemka

We’re almost halfway through our #WonderWomen series! Today we’re introducing you to Shalini Khemka, founder and CEO of E2Exchange.

She founded The E2Exchange Group in 2011, leading to a community of around 12,000 entrepreneurs and business people. She is also a Director of the Centre for Entrepreneurs (CFE) and a judge for the Great British Entrepreneur Awards.

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London a world leader for attracting financial services talent

March 06 ,2018 | by Anisa Choudhary

 London a world leader for attracting financial services talent

A report from the City of London Corporation has shown London is a world leader for attracting international talent in financial services.

The report, entitled The City as a Place for People, showed 89% of global institutional investors believe London is the best European city when it comes to financial services talent.

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The #WonderWomen Series: Hayley Parsons

March 06 ,2018 | by Anisa Choudhary

The #WonderWomen Series: Hayley Parsons

Welcome to the first day of our #WonderWomen interview series, celebrating women in business and exploring their experiences.

Our first interviewee is Hayley Parsons, founder and former chief executive of GoCompare. In 2012, she was awarded an OBE in the New Year’s Honours list for ‘services to the economy’, and is now a member of the InspireWales investment consortium.

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PwC launch initiatives to help SMEs raise investment

PwC launch initiatives to help SMEs raise investment

Several initiatives have recently been launched by the Professional services and Big Four firm PwC to help SMEs raise funding and boost their growth.

The service, which is called Raise Investment, will target businesses with an annual turnover of more than £1 million that are looking to raise £1 million to £10 million in funding.

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UK business growth reaches two-year high, according to survey

March 05 ,2018 | by Anisa Choudhary

UK business growth reaches two-year high, according to survey

A survey from the Confederation of British Industry (CBI) has shown that businesses in the UK grew at the fastest rate since December 2015 in the three months leading up to February.

The CBI’s monthly growth indicator surveyed more than 670 respondents across sectors such as business and professional services, and found that business output more than doubled to +20 last month, up from +9 in the three months leading up to January.

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The #WonderWomen Series: Celebrating the changing face of leadership in business

March 02 ,2018 | by Anisa Choudhary

The #WonderWomen Series: Celebrating the changing face of leadership in business

Every year on 8th March, the world celebrates International Women’s Day in recognition of the social, economic, cultural and political achievements of women.

This year, London School of Business and Finance (LSBF) Executive Education, GISMA Business School, and Toronto School of Management (TSoM) have launched a joint initiative. These schools will explore the changing face of business by interviewing female CEOs, leaders, and entrepreneurs to discover how they got to where they are and their ambitions for the future of gender equality.

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APSCo figures show strong demand for finance professionals

February 27 ,2018 | by Anisa Choudhary

APSCo figures show strong demand for finance professionals

The latest figures from the Association of Professional Staffing Companies (APSCo) have shown demand for finance professionals was strong in January.

The figures, which focus on professional recruitment, showed a strong demand for permanent staff, with a 0.3 per cent rise in permanent vacancies. This follows recent figures from the Office for National Statistics, which showed employment has reached a record high of 75.3 per cent.

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