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Fintech Policy
@FintechPolicy
, 5 tweets, 8 min read Read on Twitter
London On Track To Become #Global #Fintech #Hub
by @thefintechtimes

🦄#Unicorn=a #firm with >$1 billion #market #capitalisation
🦄29 fintech unicorns worldwide
🦄9 in #SanFrancisco AND 7 in #London
Thread👇
2018 #income #growth increase:
💪£77.1m -> £177.6m #revenue
☝️2018 #job creation : 61% increase
☝️#Salary inflations for #IT pros: 6-8%

#ai #artificialintelligence #crypto
☝️#EU #venturecapital:
1. #London 39%
2. #Berlin 21%
3. #Paris 18%
4. #Stockholm 5%
5. #Barcelona 4%
6. #Amsterdam 4%
7. #Zurich 3%
8. #Copenhagen 2%
9. #Dublin 2%
🤗By 2020 >50% of the #UK #paymentservice providers will be #digital-only
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Related hashtags

#Global #Fintech #Hub #Unicorn #firm #market #capitalisation #SanFrancisco #London #income #growth #revenue #job #Salary #IT #ai #artificialintelligence #crypto #EU #venturecapital #Berlin #Paris #Stockholm #Barcelona #Amsterdam #Zurich #Copenhagen #Dublin #UK #paymentservice #digital

More from @FintechPolicy see all

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Fintech Policy
@FintechPolicy
#Responsibility of #programmers for their #algorithms
😇Shooting stars: from expert advisor to #spoofing criminal
👉Spoofing #algo coder partially acquitted
🤦‍♂️CFTC and FBI fail with indictment of the programmer who developed the algo at the heart of the infamous 2010 #FlashCrash
😇Jitesh Thakkar, the founder and president of Edge Financial Technologies, one of the leading firms for #software development for #algorithmic and #highfrequencytrading #hft, was acquitted on April 9th, 2019 of the count of #conspiracy to commit spoofing.
⚠️Thakkar’s case is the first in the US where a programmer is prosecuted for his involvement in the development of a manipulative algorithm and shows regulators’ willingness to prosecute programmers in addition to the users of such algorithms.
Read 7 tweets
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Fintech Policy
@FintechPolicy
The Financial Stability Board (FSB) published a #Crypto-assets #regulators directory.
5 April 2019
The purpose: provide info on the relevant regulators&authorities in FSB #jurisdictions & international bodies dealing with crypto-asset issues, and the aspects they cover.
👉 fsb.org/2019/04/fsb-pu…

👉 Crypto-assets do not pose a material risk to global financial stability for now.
👉Vigilant monitoring is needed in light of the speed of market developments.
👉Broader policy issues:
1.#Consumer & #investor protection
2.Strong #market integrity #protocols
3. #AML & financing of terrorism (AML/CFT): #regulation, #supervision, implementation of international sanctions
4.#Tax evasion
5.Illegal #securities offerings #ICO
Read 6 tweets
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Fintech Policy
@FintechPolicy
A Note To Fellow #Software #Founders: Help Is Always Close At Hand
By Christian Owens (Forbes)
☝️There are tried and tested #solutions so reach out:
1.Stop thinking everything in terms of #competition
2.The world of VC is small so it’s easy to find people you need #advice from
3. #networkeffect& #globalisation: global issue for one company is always a local one for another
👉see P.Thiel “Zero to one”
4. Acknowledge that being a founder is a really, really hard thing to do with your life
☝️Avoid the Dunning-Kruger effect (the lower your ability the better you think you are at it)
Read 4 tweets

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Musa
@MusaVirk18
Answer 1: Before devaluation started, the Real Effective Exchange Rate (REER) of Pakistan in Nov 2017 was 124, significantly above its equilibrium value of 100. So an adjustment was required while the trade deficit was still increasing. @SaleemFarrukh
After 21% devaluation till Aug 2018 the REER came down to 111, requiring further devaluation. PTI Govt devalued the Rupee by another 11% and by March 2019 the REER was at 101, near parity. There is no question of “If export-import situation is really improving” or not,
We have actual data available to judge this. In this financial year trade deficit has decreased by 13%. Just because trade deficit is decreasing, doesn't mean that PKR should get strong. As long as we run deficits, PKR would keep getting depreciated.
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MichaelKitces
@MichaelKitces
Woa, some MEGA advisor #FinTech news just out... @ENVintel is acquiring @MoneyGuidePro. For half a BILLION dollars of cash + stock...

The waves from this will be rippling across the entire industry...
From the strategic perspective, the @MoneyGuidePro deal makes a ton of sense for @ENVIntel. MGP has a massive client base, including a huge overlap with Envestnet's own broker-dealer enterprises. It lets Envestnet expand market share and wallet share where it already is.
It's somewhat awkward that Envestnet acquired FinanceLogix in 2015 and is now ALSO acquiring MoneyGuidePro. Based on Jud Bergman's comments at the recent #T32019 advisor #FinTech conference, he sees FinanceLogix as 'basic' planning and MGP filling in a middle tier.
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Yinka Ogunnubi
@yinkanubi
I had it in mind to do a thread on the #Fintech and #epayment landscape in Nigeria since about 2 weeks now. I had extracted the data and even analysed them. But never got around to sharing them. Too many distractions. 😊 So this is a data dump. Let's analyse together.

A THREAD!
Within the last 3 years there has been significant increase in epayments. For instance, the volume on NIPS (Nibss Instant Pay) went up by 372% from 154 Billion transactions in 2016 to 730 Billion in 2018. And value went up by 111%, from N38Trillion in 2016 to N80Trillion in 2018.
For POS transactions, the story is similar. Transaction volumes went up by 349% from 64 Billion in 2016 to 286 Billion in 2018. While in terms of values, it went up by 206% from N758 Billion in 2016 to N2.3 Trillion in 2018.
Read 21 tweets
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Qodles🐾Mom⭐️⭐️⭐️
@QodlesMom
#WorldWide awakening. It's Happening.
#WWG1WGAWORLDWIDE #WWG1WGA
##QArmy #PatriotsUnited #PatriotsAwakened
#WorldWide awakening. It's Happening.
#WWG1WGAWORLDWIDE #WWG1WGA
##QArmy #PatriotsUnited #PatriotsAwakened
#WorldWide awakening. It's Happening.
#WWG1WGAWORLDWIDE #WWG1WGA
##QArmy #PatriotsUnited #PatriotsAwakened
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Sameer Sankhe
@samsankhe
1/ Which is the world's most valuable #unicorn ?

A: Uber
B: Airbnb
C: SpaceX
D: Ummm ... none of the above

Read on ...

#valuation #privatecompanies #mobilepayments #fintech #ecommerce #strategy #startup #founders #entrepreneur sam33r.com/home/alipay
2/ At $150bn valuation @AntFinancial Services Group, which was spun out from #Alibaba in 2014, and one which owns China’s biggest payments app, #Alipay, is the biggest #unicorn in the world.
3/ Drivers of Ant Financial's $150bn valuation:

1: Size of #mobilepayments market in #China : ($13 trillion - 61.8% transactions globally)
2: Growth
3: 700 MM smartphone users
4: 76% of of those made a mobile PoS purchase in 2017
5: Penetration: street vendors accept m-payments
Read 5 tweets
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Terror Events
@TerrorEvents
#London - Explosion reported @ #ParsonsGreen underground station.
#UK #London - No service btw Earls Court to Wimbledon. Buses, South Western and London Overground accepting tickets via any reasonable route
#UK #London - Explosion (in or of a bucket) reportedly happened near the rear of the train. (Pic Andy Webb)
Read 58 tweets

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