Last week marked the launch of Innovate Finance in London, with the founding event taking place at the Level39 fintech accelerator space at One Canada Square in Canary Wharf. Backed by Canary Wharf Group and with assistance from the City of London, Level39 was created in 2013 to establish London as a leading global center for financial technology innovation.
Moving the program to another level, Innovate Finance was created as an industry body that will include both startups and existing financial companies to promote fintech in the UK. Among its goals, Innovate Finance will be a platform for companies to learn from each other where they need to innovate, and how technology can provide solutions. Part of the innovation is represented by fintech startups that will have access to industry veterans to learn what financial firms require, as well as offering a glimpse of the future for established companies to view what is being created and how others are trying to disrupt their businesses. As it launches, Innovation Finance consists of 53 member companies representing global financial giants along with Payments, digital data, crowdfunding, insurance and lending firms.
Members aligned to the FX industry include social trading broker eToro and cross-platform financial applications development firm OpenFin. Among firms involved with Innovate Finance, as well as in the Level39 program, are a group of data compliance/fraud related companies. While not used universally among brokers, automated data mining is an area Forex Magnates expects to see innovative products emerge within the FX industry.
Due to requirements related to anti-money laundering and identifying customers, as well as spotting client fraud, firms have been looking towards solutions from technology to provide more efficient methods to handle the cumbersome process. Within FX, monitoring customer IPs are used to spot potential identity and affiliate fraud. In addition, firms are creating products to handle customer registration, such as was reported last month in a partnership between AU10TIX and eToro.
Heading Innovate Finance is CEO, Claire Cockerton, who is also a founding member of Level39, and as described by Level39 Head, Eric van der Kleij, “Every day she works with the largest companies helping them figure out what their innovation strategy is in fintech, as well as the smallest young company that really wants to ‘eat their lunch'." Introducing Innovate Finance, Cockerton spoke about the changing landscape of financial technology and how important it is for the City of London to have a community-based fintech initiative to help pave success for the future.
Attending the launch and keynoting was George Osborne, Chancellor of the Exchequer. Osborne spoke about how fintech was leading to a new way for the world to bank and handle money. He added that he was there to help make sure that London is the fintech capital of the world. On this, he explained that the government was backing the fintech sector with incentives, investments and providing a regulatory environment for new companies to be able to succeed. An early creator of guidelines to allow for equity crowdfunding, Osborne announced that the government had also just expanded its framework of P2P lending. In addition to his talk, highlighting Osborne’s presence was his stop at a bitcoin ATM where he picked up £20 in bitcoins as he was making his rounds in the fintech demo room.
Last week marked the launch of Innovate Finance in London, with the founding event taking place at the Level39 fintech accelerator space at One Canada Square in Canary Wharf. Backed by Canary Wharf Group and with assistance from the City of London, Level39 was created in 2013 to establish London as a leading global center for financial technology innovation.
Moving the program to another level, Innovate Finance was created as an industry body that will include both startups and existing financial companies to promote fintech in the UK. Among its goals, Innovate Finance will be a platform for companies to learn from each other where they need to innovate, and how technology can provide solutions. Part of the innovation is represented by fintech startups that will have access to industry veterans to learn what financial firms require, as well as offering a glimpse of the future for established companies to view what is being created and how others are trying to disrupt their businesses. As it launches, Innovation Finance consists of 53 member companies representing global financial giants along with Payments, digital data, crowdfunding, insurance and lending firms.
Members aligned to the FX industry include social trading broker eToro and cross-platform financial applications development firm OpenFin. Among firms involved with Innovate Finance, as well as in the Level39 program, are a group of data compliance/fraud related companies. While not used universally among brokers, automated data mining is an area Forex Magnates expects to see innovative products emerge within the FX industry.
Due to requirements related to anti-money laundering and identifying customers, as well as spotting client fraud, firms have been looking towards solutions from technology to provide more efficient methods to handle the cumbersome process. Within FX, monitoring customer IPs are used to spot potential identity and affiliate fraud. In addition, firms are creating products to handle customer registration, such as was reported last month in a partnership between AU10TIX and eToro.
Heading Innovate Finance is CEO, Claire Cockerton, who is also a founding member of Level39, and as described by Level39 Head, Eric van der Kleij, “Every day she works with the largest companies helping them figure out what their innovation strategy is in fintech, as well as the smallest young company that really wants to ‘eat their lunch'." Introducing Innovate Finance, Cockerton spoke about the changing landscape of financial technology and how important it is for the City of London to have a community-based fintech initiative to help pave success for the future.
Attending the launch and keynoting was George Osborne, Chancellor of the Exchequer. Osborne spoke about how fintech was leading to a new way for the world to bank and handle money. He added that he was there to help make sure that London is the fintech capital of the world. On this, he explained that the government was backing the fintech sector with incentives, investments and providing a regulatory environment for new companies to be able to succeed. An early creator of guidelines to allow for equity crowdfunding, Osborne announced that the government had also just expanded its framework of P2P lending. In addition to his talk, highlighting Osborne’s presence was his stop at a bitcoin ATM where he picked up £20 in bitcoins as he was making his rounds in the fintech demo room.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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