UK fintech sector faces talent shortfall
A Census of UK fintech firms by EY and Innovate Finance has found that the sector has continued to attract rising levels of investment despite global economic uncertainty, although major challenges lie ahead in talent recruitment and gender diversity.
The big debate about the future of work, explained
Why economists and futurists disagree about the future of the labor market.
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Sources:
https://economics.mit.edu/files/11563
https://www.aeaweb.org/full_issue.php?doi=10.1257/jep.29.3#page=33
http://voxeu.org/article/how-computer-automation-affects-occupations
https://www.opensocietyfoundations.org/sites/default/files/future-work-lit-review-20150428.pdf
https://obamawhitehouse.archives.gov/sites/whitehouse.gov/files/documents/Artificial-Intelligence-Automation-Economy.PDF
https://www.vox.com/2015/7/27/9038829/automation-myth
https://www.amazon.com/dp/B00PWX7RPG/ref=dp-kindle-redirect
https://www.amazon.com/Second-Machine-Age-Prosperity-Technologies-ebook/dp/B00D97HPQI/ref=sr_1_1
https://www.amazon.com/New-Division-Labor-Computers-Creating/dp/0691124027/ref=sr_1_1?
https://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdf
Clips:
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https://www.youtube.com/watch?v=rCoFKUJ_8Yo
https://www.youtube.com/watch?v=yeyn9zzrC84
https://www.youtube.com/watch?v=7Pq-S557XQU
https://www.youtube.com/watch?v=WSKi8HfcxEk
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Recent advancements in artificial intelligence and robotics have commentators worrying about the coming obsolescence of the human worker. Some in Silicon Valley are even calling for a basic minimum income provided by the government for everyone, under the assumption that work will become scarce. But many economists are skeptical of these claims, because the notion that the the economy offers a fixed amount of work has been debunked time and time again over the centuries and current economic data show no signs of a productivity boom. Fortunately, we don’t need to divine the future of the labor market in order to prepare for it.
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Fintech For Good: Full Programme
FINTECH Circle and ITN Business launch FinTech For Good
FINTECH Circle partnered with ITN Business to produce FinTech for Good, a digital news-style programme raising awareness of the impact FinTech has on improving and evolving society.
FinTech is playing a significant role in supporting society to achieve greater financial inclusion, job creation and climate responsibility.
Technology-enabled innovation is enabling the personalisation of financial health, digital identity to the financially marginalised, greater access to digital finance globally and better financial and pension planning through wealth tech solutions.
Appealing to the environmentally conscious consumer, Green FinTech enables the consumer to invest savings into causes that are revolutionising access to clean energy, water, sustainable food and so much more.
Anchored by an ITN presenter Duncan Golestani from ITN’s London Studio, FinTech for Good will shine a spotlight on the significant FinTech contributions to societal and global advancements from leading organisations and industry leaders.
The programme will explore the future of financial solutions and showcase the most innovative FinTech firms, financial companies and cutting-edge technologies leading the change of financial services.
The programme launched at FINTECH CONNECT in December 2022 and combines key sector interviews, informative news items and sponsored editorial profiles from leading organisations.
The programme forms part of an extensive communications campaign featuring FINTECH Circle members and professional partners.
FINTECH DOMAINS EXPLAINED
The fintech universe continues to expand and grow. Similar to the financial industry the fintech landscape is beginning to compartmentalise into several different subsets. The fintech umbrella now represents a number of subsets that each has its unique focus and target market. In this video I breakdown the the fintech domains namely: Paytech, Regtech, Lendtech, Banktech, Insurtech and Wealthtech. There are numerous opportunities that lie within the Fintech space and understanding the various domains should help bring those to the fore.
#Fintech#Paytech#Regtech#Lendtech#Banktech#Insurtech#Wealthtech#Digitaltransformation.
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Timecodes
0:00 Intro
2:35 Paytech
5:02 Regtech
7:35 Lendtech
9:54 Banktech
11:24 Insurtech
12:54 Wealthtech
14:10 Summary & Outro
11:YEARS – The Rise of UK Fintech | Full Documentary
11:YEARS – The Rise of UK Fintech is a documentary that explores how the UK created a thriving fintech ecosystem from the ashes of the 2008 financial crisis. Hear from the founders and CEOs of the UK’s biggest fintechs such as Monzo, Starling, Revolut, OakNorth, as well as leaders from the FCA, Bank of England, and more.
The 2008 financial crisis brought so many countries in the world to the edge of insolvency, but the UK saw this as a chance for reform, and completely overhauled its banking sector to create one of the most enviable fintech ecosystems in the world.
In the documentary you’ll find out:
-How the financial crisis caused a reform in UK regulation that encourages competition
-Why London is the perfect environment for fintech innovation
-Why UK fintech is so attractive to VC firms and Angel investors
-Why the CEOs of the UK’s most successful fintech companies started their businesses here
-What future challenges and opportunities exist for UK #fintech
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Read the companion report: http://bit.ly/11YEARS-Report
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