The Future of FinTech in a Post-Brexit World.

FinTech Integration

Are FinTech companies disrupting the way established financial institutions operate today? In an age of rapid advances in technology coupled with innovation across many industries, FinTech companies have also increased the rate of change in terms of processes, technology and the levels of customer service provided. For example, there are many “challenger banks” which have entered the UK market but they are often a secondary banking provider to customers offering alternative mobile technology like Starling or Monzo. At TransferMate we believe partnerships are the way forward, working with banks around…

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GBP has taken a hit and is expected to fall even further

GBP has taken a hit and is expected to fall even further

In light of last nights unexpected poll results there is increased political uncertainty in the UK. With Brexit negotiations only around the corner GBP has taken a hit and is expected to fall even further. It comes with no surprise that sterling opens this morning on the back foot as European markets wake up to the unexpected reality that the Conservatives have lost their overall majority. The currency had already fallen by around 2% after the release of the exit poll last night. Sterling’s weaker tone is reflected in EUR/GBP…

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The Pound soars to six-month high after Theresa May calls snap general election!

The Pound soars to six-month high after Theresa May calls snap general election!

In just over six weeks the UK will hold a general election. This follows Tuesday morning’s surprise statement at 10 Downing Street by Prime Minister Theresa May. For her plan to become a reality, May needed to secure a two-thirds majority of MP’s votes. Late last night MP’s voted in favor of the election and this will take place on June 8th. Sterling has rallied in the wake of this announcement trading at a six month high, with today’s markets opening above 1.2800 against the Dollar and above 1.1900 against…

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Brexit Insight: How Should Your Business React?

Brexit Insight: How Should Your Business React?

The UK is leaving the EU – So now is not the time to bury your head in the sand. HOW DO THINGS STAND AT PRESENT? The UK economy appears to have weathered the initial shock of the Brexit vote, although the British pound’s value remains near a 30-year low, opinion is sharply divided over the long-term effects of leaving the EU. Major firms such as EasyJet and John Lewis have pointed out that the sterling slump has increased their costs. Britain also lost its top AAA credit rating, meaning…

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May attempts to comfort business concerns surrounding Brexit

May attempts to comfort business concerns surrounding Brexit

November 21st,  CBI annual conference Following Prime Minister Theresa May’s speech on Brexit at the CBI annual conference on Monday, where she acknowledged businesses’ desire to avoid a “cliff edge”, May guaranteed premature concessions in relation to the standing of UK and EU nationals in Europe and the UK respectively. Many businesses have empathized their concerns and have pushed for an intervention to allow them to trade as normal, post-Brexit. May expressed her understanding around these worries of trade and regulation following Brexit leaving the EU, however withheld plans surrounding…

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