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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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Fintech M&A: More Deals, Less Value

Bank Innovation

Over the past two years, the transaction volume in the financial technology and information technology sectors remained relatively flat. According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016.

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Plaid Technologies Scores $44M Off Goldman Sachs-Led Round

PYMNTS

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Or, said more simply, Plaid provides an API layer that sits between banks and FinTech innovators who want to access bank account information for what they are doing and makes the connection possible.

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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. Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region.

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Corporate Payments Firm AccessPay Secures US Backing

PYMNTS

based corporate payments and treasury technology company AccessPay , reports in The Telegraph said on Sunday (Jan. Corporate payments have not seen the same level of innovation as consumer payments. million investment with Intel Capital in InContext Solutions, a firm targeting retailers with shopper engagement technologies.

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Brexit vote has ‘chilling’ effect on FinTech investment

Chris Skinner

Innovate Finance, which represents 300 UK fintech companies, says venture capital investment fell from $1.2bn (£970m) in 2015, to $783m last year. “Our members tell us Brexit has had a chilling effect on investment,” Innovate Finance chief executive Lawrence Wintermeyer told the BBC. .

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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. The country’s GDP has been growing steadily over the past decade.