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The UK is attracting Fintech investment at a record rate

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UK Fintech is continuing to draw record levels of investment. The sector is cementing its place in the UK economy, and looks set to continue growth. According to industry body Innovate Finance, a total of $2.9 billion was raised during the first half of 2019.

And it’s Fintech start-ups that are attracting the lion’s share of investment. Start-ups have also attracted the fastest investment so far, with the total invested during the first six months of 2019 at 85%, which is equivalent to the entire amount invested in 2018.

Fintech investment up year-on-year

This super-fast start for UK Fintech start-ups beats earlier years by a significant amount. Investment in this sector is up 45% year-on-year, and nearly twice that invested during H2 2018.

Data compiled in this research is particularly significant as it shows that the Fintech sector remains robust. In spite of the challenges to the country’s economy caused by Brexit uncertainty, a plummeting pound and the possibility of a no-deal exit from the EU, Fintech remains strong. And there is no reason to think this will not continue, even as Brexit pressure ramps up.

2019 will be a record-breaker

By the end of last year, the total investment in UK Fintech stood was at $3.3 billion. It’s clear that this year’s investment total will eclipse this and set a new record. And while the volume of deals has continued to fall year-on-year, the value of each deal is increasing.

The investment total so far accounts for 123 deals within the Fintech sector, which shows a decline of 30% year-on-year. Two major deals secured so far this year are Greensill Capital with investment of $880 million and OakNorth Bank with $440 million.

Challenger banks receive high amounts of investment

OakNorth Bank is a UK-based operation aimed at SMEs. It provides property and business loans to this sector. Founded in 2015 by entrepreneurs Joel Perlman and Rishi Khosla, its 2018 pre-tax profit stood at £33.9 million. In 2016, it became the first UK bank to host its core system completely on the cloud, using Amazon Web Services (AWS). It’s this forward-thinking technologically innovative attitude that is attracting huge amounts of investment.

Other challenger banks are also receiving significant investment. Monzo has raised $147 million while Starling Bank received $98 million. Other sub-sectors that are popular with investors include foreign exchange and payments.

Later stage investment increasing faster than early stage

Around 85% of investments in 2019 so far come from later stage private equity growth rounds and late stage venture capital. This shows just how much the sector is maturing, with just 15% going towards early venture capital rounds, angel and seed investment.

For example, Checkout.com has raised $230 million so far this year. This platform was launched in 2012 and is now a major international provider of online payment solutions. Using their own proprietary technology, the company promises to handle every part of the payment while providing clients with total transparency.

WorldRemit is an online money transfer platform, which currently boasts four million customers. Founded in 2010, the company is backed by venture capital institutions Technology Crossover Ventures (TCV) and Accel Partners. And this year, the company has received another influx of investment worth $175 million. GoCardless is also benefiting from a new round of investment at $76 million to support growth.

Investment rising outside of London

Investment flows mostly concentrate on Fintech companies based in London at 90%. However, there is a significant rise in investment in other regions. Most notably, investment is higher in the north, with companies based in Newcastle Upon Tyne, Derbyshire and Greater Manchester raising funds. The split in number of deals shows 78% in London and 22% in the rest of the country.

In a press release issued with the report, the CEO of Innovate Finance, Charlotte Crosswell, says: “Investment into the UK Fintech sector shows no sign of slowing down. The flow and impressive size of individual investments demonstrate an ecosystem that is showing signs of growing maturity.”

The research underscores the UK’s position as a Fintech leader in Europe, which is encouraging for an economy battered by Brexit uncertainty. Adds Keith Morgan, CEO of British Business Bank, in an interview with finextra.com: “Fintech is a hugely important sector for the UK economy, providing invaluable innovation in financial services and products.”

It’s certainly encouraging to see record amounts of investment going into this sector. It bodes well not just for the SMEs receiving the funding, but for the economy as a whole. The UK will continue to lead in Fintech innovation as we move through Brexit and beyond.

About Freddie Achom

Frederick Achom is a British-Nigerian serial entrepreneur and tech investor. He is the co-founder and chairman of the Rosemont Group Capital Partners

Freddie Achom is the Founder and Chairman of Rosemont Group, an international private investment group of companies focused on financial services, luxury goods and services, hospitality, renewable energy and digital technology. Residing in the UK and France, Freddie Achom is a notable entrepreneur and investor.

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THE MANDALAY GROUP SHARES NEW UPDATES FOR #PAY TAMPA BAY

The Mandalay Group today announced updates for the upcoming #PAY TAMPA BAY event, including additions to the advisory board, two of the keynote speakers for the February 20, 2020 Conference as well as a new community partnership in the Florida technology corridor.

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The Mandalay Group today announced updates for the upcoming #PAY TAMPA BAY event, including additions to the advisory board, two of the keynote speakers for the February 20, 2020 Conference as well as a new community partnership in the Florida technology corridor.

The theme for 2020 event is “Banking, Blockchain and Beyond”. Event proceedings are being co-sponsored by BlockSpaces, a Tampa based blockchain technology innovation studio. This unique event will be staged at the new Embarc Collective innovation hub in downtown Tampa.

“We’re excited to enter into these new partnerships leading up to the event” said Bruce Burke, CEO of The Mandalay Group. “These high-profile supporters and contributors will help amplify our message and attract attention and investment to our thriving technology community.”

Andrew Morris, Founder & CEO of new consultancy The Fintech Agenda LLC, will be joining the #PAY Board of Advisors. An expert in the technologies and trends shaping the future of financial services, payments and commerce, Andrew serves on multiple boards and is an advisor to several fintech organizations, including the Technology Association of Georgia’s Fintech Society and the HOPE Global Forums.

“Having served for 5 years as Chief Content Officer for the Money20/20 conferences, and thus helping to build the leading fintech events globally, I have seen how powerful events can be to move industries and companies forward,” Andrew explains.

“The #PAY event brand is in the right space at the right time. I’m excited to play a role moving forward in helping #PAY produce world-class events exploring the innovation that will occur over the next decade in payments.”

#PAY also announced several presenters for the event, including keynote speaker Matteo Rizzi, an unconventional Entrepreneur, Investor, Innovator and Author of the new book “Talents and Rebels, Dealing with Corporate Misfits”.

This book is an inspirational journey where – hopefully – misfits get a spot to be heard, and everyone gets an opportunity to understand a different innovation perspective. For three years in a row, Financial News has nominated Matteo as one of the “40 most influential Fintech executives in Europe”.

Matteo will be joined by executives from Arival, the first fintech bank. Arival was founded in 2017 by a dynamic trifecta consisting of two seasoned fintech venture capitalists and one young fintech entrepreneur.

Regarded for the team’s prior investments in pioneer digital banks such as Simple, Moven, Fidor, & RocketBank – they decided it was time to take the bull by the horns & build their own. CEO, Vladislav Solodkiy, CFO, Igor Pesin and COO, Jeremy Berger will participate in the #PAY event. Arival now boasts a pre-money valuation of more than $14.8 million.

“We’re proud to have so many fintech leaders as headline speakers for #PAY,” said Rosa Shores, Co-Founder of BlockSpaces. “These innovators will explore the most transformative technologies and ideas reshaping the banking, fintech and payments industry. 

We look forward to shining a global spotlight on Tampa Bay as an emerging fintech hub and, once again, show the nation we are a “go-to” city for blockchain innovation.”

The Mandalay Group also announced a new community partnership with the Florida based non-profit, Synapse. #PAY will host a panel session focused on Fintech investment during the Synapse Summit being held February 11-12, 2020 at Amalie Arena. Leading VC’s, institutional investors and well-funded fintech firms will provide information and insight with key strategies for successful exits.

“Synapse is glad to partner with #PAY to ensure our audience of upwards of 6,000 attendees from all parts of Florida’s innovation ecosystem have the chance to learn about the growing fintech and payments industry,” said Lauren Prager, Synapse Vice President of Community Engagement.

The #PAY TAMPA BAY agenda offers keynote sessions from global leaders in the banking, fintech and paymentsindustry, with more than dozen sessions on topics ranging from opportunities in blockchain, to shifting consumer payment preferences, digital identity, innovative payment solutions and how these changes will reshape the banking, payments and commerce industry.

Reserve your spot today at: www.paytampabay.eventbrite.com

Industry innovators count on #PAY to connect them with key decision-makers at financial institutions, venture capitalists, and fintech startups as well as service providers, analysts and media.

Get your brand message in front of executive-level stakeholders and buyers. #PAY TAMPA BAY has opportunities for speakers, sponsors and supporters.

For more information visit: www.paysymposium.com/contact

About The Mandalay Group

The Mandalay Group is a consortium of professionals focused on accelerating the future in the banking, fintech and payments industry globally. TMG is well known for bringing together thought leaders, innovators and decision-makers from across the financial services industry to discuss the tsunami of transformation changing the face of finance.

Attendees benefit from access to the world’s foremost experts focused on emerging payments technologies such as artificial intelligence, machine learning, cryptocurrencies, e-commerce, blockchain, cognitive platforms, digital identity and experiential customer engagement

Media Contact: The Mandalay Group: [email protected] (727) 612-5775

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Electronic Tattoos for Bio Authentication

Electronic tattoos might sound futuristic but the industries are adopting them very quickly, especially for their use in bio authentication.

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Bio Authentication
Bio Authentication

Bio Authentication: If you thought that facial recognition, fingerprint, and iris scanner is future ways of bio authentication. Wait till you hear the details about electronic tattoos. They have been around for a few years now but haven’t found the commercial success that the other forms of verifications have achieved. However, when you read their benefits you’d probably be looking to invest in a stock of these stamps.

Here is a succinct introduction to electronic tattoos. 

What is an electronic Tattoo?

E-tattoos, also known as Biostamps, is a bit different than the regular ink tattoos that inject within the skin. This slap-on, lightweight, gossamer and flexible electronic stickers have circuits and thin structures to carry and record information. Normally made of highly stretchable silicon, these stamps applly with a rubber stamp or bandage material. They normally have an electronic circuit and antennae.

“The technique is simple. The tattoos are ultrathin, very stretchable, and inexpensive to produce.”

  • Carmel Majidi, Associate Professor, Mechanical Engineering

What is a smart tattoo?

A smart tattoo is simply a small computer built into the stamp. They help authenticate access to tablets and phones. Using these tattoos, one can easily connect with an electronic device. Using lasers they can cut into about any shape to fit in different devices and put on different surfaces.   

Is Bio Authentication through e-tattoos secure?

These tattoos create out of necessity due to a lack of security for logging in or getting access. In a way, they are making authentication more secure, so, by default, they are more secure than other methods of verification. They are very effective means of ensuring security, of say, public gatherings or events where only selected people can enter. Also, by storing medical history in these tattoos, they can be highly effective in communicating patient’s medical records with the hospital staff. 

Where are electronic tattoos being used?

E-tattoos have not found commercial success yet but they are gradually making their mark. At certain security checkpoints such as building entrances or entry to exclusive clubs. You might find these tattoos is use to verify the identity of the individual(s), and for biometric sign-in for different devices.

One name, Motorola, is making headlines in creating smart tattoos, with another one called vitamin identification. Simply put, this is a pill you swallow, which sends off signals, 18 bits, that can connect the person to surrounding devices. 

Why e-tattoos is the craze suddenly?

Every technological revolution precedes by a materials revolution. For example, the computer revolution was triggere and facilitated by semiconductors, silicon, in particular. Similarly, these tattoos are rapidly becoming popular because of the advent of flexible electronics. 

The revolution was fueled by the flexibility of these chips since complex systems and boards require bendable material to go around certain materials or fit into small devices. In fact, the reason for compact and small devices was made possible due to flexible electronics. So, roll, stretch and flex these boards, and make the devices that existed in the imagination alone, come to life.

Where are these modern stamps used?

Besides using these stamps for entrance or exit from offices or biometric login for electronic devices, they can be pasted onto the wrists of patients. Now their entire medical history is with them, easily accessible at any hospital or by any doctor with the correct equipment.

Medical tattoos can also read the vitals off of a patient. And with time, they are increasingly becoming sophisticated. There are other interesting uses of these tattoos too. For example…

Google has bought patents of tattoos that help with lie detection. It’s not difficult to imagine their usage in interrogation and courtrooms (perhaps). Similarly, they have a patent for another tattoo that one can stamp on their throat for easily communicating with electronic devices.  Another company Electrozyme uses a different approach, it helps monitor the athletic performance of athletes. It measures stress and lactate levels.

Smart tattoos will become prevalent in the near future. They offer tremendous benefits beyond ID validation, both for security and the health of people.

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Protect Your Loved Ones with TheOneSpy

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Protect your loved once

When it comes to protection, it says that man protects his loved ones first. A Person protects their loved ones in every way so that no heat can come upon them or prevent them from trapping into a swamp. The increasing usage of the internet and mobile devices is endangering our loved ones.

Every year, many kids became victims of cybercrimes like bullying, threatening or other dangers like that. And many kids indulge in bad kinds of stuff like pornography, scamming or hacking, etc. At a young age, children cannot determine their right and wrong, therefore, it is the parents’ responsibility to keep watching their kids or teen activities.

In this way, much powerful monitoring spy software are helping to get complete control over your loved one’s mobiles to check their activities thoroughly. TheOneSpy is one of the powerful cell phone spy software, which is truly helping many peoples.

How to Protect Loved Ones through Cell Phone Spy Software?

TheOneSpy is trustworthy and reliable, smart software, which smoothly works with every phone device. It gives the best digital parental control to detect if their kids are reading inappropriate material, porn sites or viewing any kind of bad stuff and if their kids are facing bullying, threatening or involving in hacking, so it enables the parents to protect them from danger before time.

TheOneSpy Core Features

TheOneSpy offers a wide range of innovative and advanced features that allow the user to track all offline and online activities of their loved ones secretly. Let us know how TheOneSpy features help the user protect their loved ones. There are some features penned below with their use.

• Surrounding recorder

Its MIC and cameras enable the user to capture and monitor live surrounding activities of your loved ones, to whom they are meeting and what they are doing.

• Live Screen Recorder

User can view and record screen activities of targeted a device to watch, which apps, sites or which activities they follow the most remote access them. If the user is busy, he/she can give a command or can view later through cloud storage.

• Call Recorder

It enables the user to record and track phone calls with true time stamp, to check to whom they are calling or receiving calls or what they are talking and if they are planning to do something wrong, so a user can protect them timely.

• Social media monitoring

Whether it is WhatsApp, Facebook, IMO, messenger or Instagram, TheOneSpy social media monitoring feature enables the user to monitor activities on social apps and sites. • IM Instant Messenger is specifically for Facebook Messenger to record all voice and text messages on messenger.

• Keylogger

If your loved one is hiding something or appear to be doing things secretly or if you feel them scared or upset, in this way keystrokes logging feature enables the user to spy on all king of logs whether password, SMS or E-mail.

• Geo-Fencing

It enables the user to put an alarm on places, on restricted areas. So, if your person goes there, TheOneSpy will send you an instant alarming update.

• GPS location tracker

It gives complete access to track targeted device location wherever they go in the world. Compatibility of TheOneSpy is mainly in using many peoples because of its compatibility, as it works with high accuracy with all devices whether it is Android, iPhone, iOS, MAC laptop or Window PC.

How does TheOneSpy monitoring software work?

After knowing about TheOneSpy, you may think to buy it. You should also know about how it works?

Step 1: Go to the official site of TheOneSpy.

Step 2: Get the subscription of software online. You will get the password and ID of your e-mail.

Step 3: Login to your account and start installation on the targeted phone.

Step 4: Get access to the targeted device through your online panel. Start getting data on a single command.

Final Thoughts

Finally, we concluded that in this fast-technological age everyone takes steps to protect their loved ones. So, the cell phone spy applications alert you to prevent your people before getting into trouble. They are helping people, and over time more people are moving towards it.

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