I’ve written a number of pieces over the last couple of months about the way in which the accountancy industry is being changed and shaped by the digital age. Tech advances are giving professional services firms including accountants the opportunity to move from a cost centre to a value driver...
As an accounting professional working with small businesses, you have the opportunity to become a professional chameleon, offering counsel far beyond your traditional remit.Working with our partners - such as PKF, CIMA and the Association of UK Accountants - we hear this on an almost daily basis. Many, it...
It was venture capitalist Aileen Lee who first coined the term “unicorn” to describe a private technology firm valued at over US$1 billion. The name was a nod to the rarity of such enterprises, but 2016 will see a shift as unicorns become the norm. In fact, this year the...
Most commentators agree that London has firmly established itself as the world’s premier fintech hub. The UK capital benefits from a supportive government, and a progressive regulator in the form of the FCA. It is the envy of many. Other markets are fighting hard to catch up. In this competitive...
It has been another difficult month for the banking sector. Swiss prosecutors have raided the offices of the Geneva subsidiary of HSBC to aid an inquiry into alleged money laundering. This happened just a week after allegations that the banking giant may have helped wealthy clients to evade tax....
Lending Club’s successful IPO ensured that 2014 ended on a high note for the peer-to-peer (P2P) lending industry. The largest platform in the US saw its stock shoot up by 56% on the first day of trading, helping the company to achieve a valuation of around $9bn - higher...
The accounting industry will be aware of the allegations of failures of culture and conduct that continue to surface within the banking sector - most recently against Barclays relating to its Dark Pool. With many firms working for clients in, or having strong links to, banking and financial sector...
The government has finally published its much anticipated consultation on how peer-to-peer (P2P) loans will be included within Individual Savings Accounts (ISAs). It has been estimated that ISA inclusion will see the sector grow from £2bn to £45bn over the next few years. This is a tipping point for the...
The dam has given way and the large institutions have arrived in UK peer-to-peer (P2P) lending. Earlier this month – amidst much media fanfare - P2P Global Investments, a London Stock Exchange-listed investment trust, raised £200m from institutional investors to lend through the major platforms. And this is likely to just...
In another damaging blow for the "under pressure" banking industry, Barclays recently announced that they will be cutting a total of 19,000 jobs worldwide by 2016, with 7,000 of the lay-offs coming from their investment banking division. The banking giant has said that the business will be ‘repositioned, simplified and...