New figures from HMRC have revealed that three quarters of VAT-registered financial firms have yet to sign up for Making Tax Digital and risk missing the deadline to do so.
It’s August and the summer holiday season has officially begun. And while your Out of Office autoreply is probably on, a long beach holiday is undoubtedly the best time to catch up on some reading, check what’s happening in the industry and dive into the latest trends in the ever-changing FinTech landscape.
To get your reading list started, here are Finance Monthly’s top 5 must-read FinTech books for this summer.
British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and business insights expert.
Nathan Snell, Chief Innovation Officer at nCino, delves into the things that financial institutions need to do to prepare for Amazon’s upcoming arrival in the finance industry.
Now in its sixth year, London FinTech Week once again brought together some of the leading figures in the financial sector to discuss the latest global FinTech trends. As expected, this year’s event provided plenty of food for thought with Lord Anthony St John sharing his prediction that in 20 years’ time, FinTech will account for all financial services. While it remains to be seen if he’s right, it’s certainly an interesting concept. The event also highlighted some of the key trends likely to disrupt the FinTech sector in the next year.
There was a 1% increase in the number of women reaching senior positions in FTSE 100 companies . The target is 33% by 2020, which is, apparently, “well insight.” But, digging deeper into the Female FTSE Index for 2019 report these statistics are taken from, there’s a problem with the number of women staying in those senior positions and there’s a clear under-representation of women of colour. Interestingly, both the sponsors’ foreword and the introduction for the 2019 report are written by two caucasian men.
The only thing we know about Brexit is that no one knows what it’ll look like. The latest Deloitte CFO survey has confirmed, unsurprisingly, that Brexit remains the top concern for CFOs. Well over three-quarters of CFOs expect it to worsen the business environment, and over a third are more pessimistic about the financial prospects of their company compared to just three months ago. Brexit has been drawn out for over three years now, and there’s still no clarity or solid knowledge of how it’ll eventually pan out.
Thinking about changing careers? Chris Stappard, Managing Director of Edward Reed Recruitment, offers his advice for switching from finance to FinTech.
We speak with Alex Foster, Director for insurance, wealth management & financial services at BT, who also heads a number of industry initiatives and is an expert within the organisation’s banking and financial services vertical.
Many of the conversations about PSD2 and its online security requirements have revolved around the financial sector, with the implications for banking and increased scrutiny on FinTech being the main talking points. That focus is probably correct: when the directive comes into force, it’s expected to increase competition by opening up the payments infrastructure to third-party providers – allowing them to arrange payments for consumers and provide financial products.
There has never been a greater time to pursue a career in financial planning. A broader marketplace combined with a decline in practising advisers has offered up a range of new opportunities for individuals looking to make their mark within the profession.
Set on London's South Bank and just a 5-minute walk away from the Palace of Westminster and the London Eye, Park Plaza Westminster Bridge‘s location is ridiculously convenient and quite frankly, breath-taking as the majority of its rooms offer views of Big Ben (that’s when it’s not under construction of course). With a truly impressive 1,019 rooms and suites, a spa with a 15-metre swimming pool, 32 conference rooms and three restaurants onsite, the hotel would be the perfect place for your next London business trip.
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