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Independent Panel To Review UK’s FinTech Sector 

PYMNTS

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). billion) in venture capital and the market has been estimated to have grown by nearly 70 percent since 2015.

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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

I look forward to working with the Paytronix team to bring its industry-leading innovation, including contactless ordering for table service … to markets around the globe,” said Porter. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

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FinTechs In Canada Getting Lots Of VC Love

PYMNTS

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. Thomson Reuters data showed a close to 74 percent increase from 2015 to 2016 in terms of investments in Canadian FinTech startups.

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Can Moscow Overcome A Tarnished Tech Reputation?

PYMNTS

Innovation and ease of business aren’t necessarily the first concepts that come to mind when thinking about the tech environment in the Russian market. The 2015 Global Startup Ecosystem Ranking listed Moscow as the 13th best city in the world to launch a startup. Blockchain On The Brain.

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UK Government Commits To Invest £500,000 A Year In FinTech

PYMNTS

is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. FinTech market, which includes key metrics that investors need. The agreement, which garnered approval from the Financial Conduct Authority (FCA) in the U.K.

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UK And Korea Create FinTech Bridge

PYMNTS

and Korea want to make it easier for both companies to invest in the financial technology sector, creating a so-called “FinTech bridge.” based FinTech companies and investors access to the Korean market and Asian investors and Korean FinTech companies access to the U.K. More FinTech employees reside in the U.K.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

The 12 firms, which include Ping An Insurance, Hiscox Holdings, and XL Group among others, have made over 100 investments in aggregate since the start of 2015. XL Innovate. AXA formally launched its €230M ($244M) venture fund, AXA Strategic Ventures, in February 2015 and has since disclosed investments in 22 companies.