Innovate Finance’s Post

To all our members: please join our 10th Anniversary this Thursday to celebrate with us the incredible achievements of the #FinTech industry and toast to more success to come 🤩🎂🍾 🎉 The evening will feature speeches, networking, food, drinks and much more! 🍻 Only a few spaces available! So, if you have not registered yet, please reach out to your account manager to confirm your attendance 💬 📩

Our Pride in FinTech 2024 is going from strength to strength thanks to the support of our partners Google Zopa Bank Alloy and J.P. Morgan Payments 🌈 🚀 Please take part to our annual Barometer and share your story to help us make a difference 🙏 #PrideInFinTech

Only 22 Days to go for Innovation Driving Growth - a FinTech as a Force for Good Forum! 📈🚀 We're thrilled to announce the fourth edition of our FinTech as a Force for Good Forum on October 10, 2024, at the iconic Queen Elizabeth II Centre in the heart of London! 🇬🇧✨ Some featured speakers at this year's Forum: Pinar Ozcan, Professor of Entrepreneurship and Innovation, Saïd Business School, University of Oxford Joanne Dewar, Project Lead,Project Nemo Samina Hussain-Letch, Executive Director & Head of Industry Relations - UK, Square (Block, Inc.) Bryony Widdup, Partner, Hogan Lovells Katharine Wooller, Board Advisor, Web 3 Kimberley Abbott, CEO, Vested Impact Georgina Bulkeley Director of Financial Services, Global Strategic Industries, Google Cloud Tom Duff Gordon, VP of International Policy, Coinbase Richard Fenner, Director, Government Relations, Euroclear Ylva Oertengren, COO & Co-Founder, Simply Asset Finance Rob Woods, Director, International Fraud & Identity, LexisNexis Risk Solutions This is your chance to dive into the world of FinTech and see firsthand how innovators and digital disruptors are reshaping our financial landscape. From cutting-edge technologies to groundbreaking ideas, discover how FinTech drives economic growth and creates a brighter future for everyone. 🚀💡 🤝 Connect with Industry Leaders: Meet the visionaries and policymakers who are in charge of transforming financial services. 🔍 Explore Innovative Solutions: Learn about the latest advancements in making financial services more transparent, efficient, and accessible for all. 🌍 Be Part of the Change: Join a community of forward-thinkers who believe in the power of FinTech to create positive social impact. Don't miss out on this incredible opportunity to be at the forefront of the FinTech revolution! Secure your spot today and help us shape the future of finance. 👉 Secure your spot now! Innovate Finance members can claim tickets to the event as part of their member benefit. Please get in touch with your account manager to receive a code to activate your tickets 👋 🔗 https://hubs.ly/Q02Q57pZ0 #FinTechForum #InnovationDrivingGrowth #FinancialInclusion #FutureOfFinance #FinTechForGood #LondonEvents #EconomicGrowth #JoinTheChange

Recent changes to the R&D tax legislation – a webinar hosted by Evelyn Partners Tuesday 24 September - 12pm Research and development tax credits: once a life-line for many fintech businesses is now leaving doubt and uncertainty. As HMRC tries to tackle the estimated £1.3bn lost to error and fraud, many innocent and highly innovative businesses are getting caught in the crossfire. There is still hope and many fintech businesses continue to receive their R&D tax credits promptly. However, it’s now more important than ever to ensure your R&D tax claims are robust and compliant. The webinar will explore the changing R&D landscape, mitigating risk and Patent Box. Register here - https://hubs.ly/Q02PPBN90

Have your say on simplifying UK consumer regulation for financial services 🙌 Tell us what regulations stand in the way of innovation and better customer outcomes - in our 5 minute survey ✒️👂 Financial Conduct Authority is calling on industry to identify rules which could be removed or simplified if they overlap with the Consumer Duty 📣 This is a review we at Innovate Finance have been calling for and we are delighted the regulator is taking this up 👍 The Consumer Duty is an outcome-based requirement to ensure good outcomes for each consumer - but it currently sits over existing, more prescriptive consumer regulations. The ‘legacy’ set of rules can duplicate or even undermine the Consumer Duty requirements and prescriptive tick box rules are often unsuited to digital consumer journeys. To identify how the FCA can best support growth and innovation, we want to get as many views as possible from the FinTech ecosystem on what rules are holding you and your customers back 🤔 Please complete our survey here 👉https://hubs.ly/Q02MJhvN0 In return we will share with you the final results - and your views will shape what we take up with the FCA 🗣️ Adam Jackson, Megan Jenkins, Christopher Foo , Roberto Napolitano, MBA, Michael Carter #FCA #InnovateFinance #ConsumerDuty #Regulation #VoiceOfFinTech #UKFinTech

🚀 We're back with a new season!🚨 #CoffeeWithInnovateFinance returns with Series 5 .... ☕️🎉 Kicking off the season, Janine Hirt, CEO of Innovate Finance, sits down with Kieran Draper, CEO of B4B Payments - A Banking Circle Group Company USA, to explore how B4B is leading the way in Banking as a Service (BaaS) and expanding into the US market. 🌍 Discover how B4B is transforming card issuing, leveraging AI, and navigating the evolving regulatory landscape. Plus, hear Kieran’s insights on the future of payments and what innovations to watch for next. 💡 🎙️ Tune in here: https://hubs.ly/Q02PQ-QV0

Only 4 days left until our 'Proud in FinTech' webinar! Register now👉https://hubs.ly/Q02K2wyM0 Want to feature in our Pride In FinTech Powerlist 2024? Share your story with us 🏳️🌈📚https://hubs.ly/Q02K2rRm0 #PrideInFinTech #VoiceOfFinTech

Commenting on today’s PRA Policy Statement on Basel 3.1, our CEO Janine Hirt comments:    “Innovate Finance as the trade association for UK challenger banks welcomes the policy statement published by the Prudential Regulation Authority (PRA) setting out final proposals on the implementation of the Basel 3.1 standards. This is a significant development, almost two years after the initial consultation and it is positive that the PRA has responded to industry feedback on some of the proposals. We are also pleased to see the PRA delaying the implementation date to 1 January 2026. However, we remain concerned by the decision to remove the SME Support Factor. Given that challenger banks now provide 59% of all SME lending done by banks in the UK, we are looking at how a firm-specific adjustment under Pillar 2A as proposed will ensure that SME lending will not be impeded. Lending to SMEs will continue to be an important factor in driving growth in the UK in the coming years. We will continue our extensive work on lobbying and advocating on behalf of the sector.” See the PRA policy statement (PS9/24) here: 🔗 https://lnkd.in/dVgvurMU To know more about we have said about Basel 3.1, see our Better Banking report as well as our comprehensive response to the PRA consultation (CP16/22) on the implementation of the Basel 3.1 standards:  🔗 https://lnkd.in/eFMxDU63  🔗 https://lnkd.in/dYhkFYhT #FinTech #FinTechPolicy #VoiceOfFinTech #ChallengerBanks #PRA Michael Carter Christopher Foo Megan Jenkins Adam Jackson