Good article by CEO of CurrencyCloud on the emergence of FinTech in 2014
STORY SUMMARY Fintech had an impressive year in 2014 and looks to continue to grow in 2015. Mike Laven looks at developments such as the establishment of the Lending Club IPO, and the challenges that traditional players will see in the future. 2014 has been a significant year for fintech – as a term, fintech has finally started to break through into mainstream conversations. Evidence of this came earlier in the year, when George Osborne announced a new government trade body, Innovate Finance. Funded with £600,000 from the City of London Corporation and Canary Wharf Group PLC, the organisation pledged to support financial technologies and promote diversity of choice to customers. Most significantly, the move highlighted that the government has recognised the significance of the fintech sector and has started to support the development of further innovation in this space.