Making Sense of the Metro Bank Remedies Bungle

Posted on the 29th February 2020 by Hamish Anderson in Founders' blog, SME blog, Business, Finance, Founder Insights

Metro Bank Branch in Borehamwood, London

Do you recall the controversy surrounding the £120m award to Metro Bank from the RBS Capability & Innovation Fund almost exactly a year ago? Eyebrows were raised at the time for several reasons. Firstly, observers and other participants in the process struggled to grasp how committing to opening additional bank branches in the north of England qualified as "developing more advanced business current account offerings", however worthy the intention. Secondly, throwing £120m at an institution which, days before, had owned up to a £900m hole in its balance sheet, had the most open-minded amongst us scratching our heads.

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Why banks treat alternatives managers as second-class citizens

Posted on the 20th November 2019 by Hamish Anderson in Founders' blog, SME blog, Business, Finance, Founder Insights

Alex & Andrew Office

Money Mover has now been an AIMA (Alternative Investment Management Association) partner for just over a year. I was chatting to delegates at its recent Spotlight on Raising Assets event in London and it occurred to me that I hadn’t ever explained why this partnership is so important to us and what we think it brings asset managers.

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If you're not paying for it, you're the product

Posted on the 11th October 2018 by Hamish Anderson in Business, Founders' blog, Founder Insights

Freemium Isn't Free

There is a growing number of international payments services out there, and new ones spring up all the time.  It’s always been important to us that people understand why Money Mover couldn’t be more different from old school foreign exchange businesses with their boiler room sales people and low-tech service.

For us, transparency is all, and we’re committed to being honest about how we charge for our services, rather than subsidising costs with revenues generated from advertising, referral fees and cross-selling. Above all, we are vehemently opposed to monetising our customers’ financial records and transaction history.

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The Future of Financial Data

Posted on the 27th February 2018 by Hamish Anderson in Founders' blog, Founder Insights

Future of Financial Data PanelPhoto L-R: Neil Garner (Thyngs), Ray Anderson (Bango), Emily Mackay (TAB), Hamish Anderson (Money Mover), Jeremy Sosabowski (AlgoDynamix)

On Thursday 22nd February, I was invited by law firm Mills & Reeve and international technology community Cambridge Wireless to participate in a panel discussion. The panel, which was formed of CEOs from Cambridge-based financial technology (Fintech) firms was to debate the Future of Financial Data; specifically how recent regulatory changes would impact the way financial firms hold and use data.

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Big in Japan - Money Mover attends Tokyo's Fintech Summit

Posted on the 31st October 2017 by Hamish Anderson in Founders' blog, Money Mover News, Founder Insights

FinSum Tokyo 2017 exhibitor space

Establishing relationships in new regions is challenging, and best achieved with help and guidance from local experts. Hamish Anderson, Money Mover's CEO, was therefore delighted to be asked to participate in a recent Trade Mission to Japan which was being run alongside Fin/Sum - Tokyo’s principal financial technology summit.

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Why cryptocurrencies don’t add up for Money Mover and its customers

Posted on the 3rd October 2017 by Hamish Anderson in Founders' blog, Business, Finance, Founder Insights

Bitcoin image for cryptocurrency blog

I’ve just returned from a UK FinTech Trade Mission to Japan which coincided with the Tokyo FinTech Summit (Fin/Sum Tokyo).

A topic which came up frequently in formal presentations, panel sessions and discussions with delegates, was cryptocurrencies. No doubt this was because of the news that Japanese banks are setting up their own digital currency - J-Coin. Indeed, one Japanese FSA employee I chatted with was just about to head off to California on a mission to absorb all things cryptocurrency.

I had the chance to consider my position and thoughts on cryptocurrencies, particularly with regards to our business at Money Mover, and I thought I’d share these with you.

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What makes Money Mover different?

Posted on the 21st August 2017 in SME blog, Business, Founders' blog, Founder Insights

Alex & Andrew Office

There are a lot of international payments services out there and it’s important to us that people understand why Money Mover couldn’t be more different from old school foreign exchange businesses with their boiler room sales people and low-tech service.

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The Dangers for Sterling of Rolling the Dice

Posted on the 9th June 2017 by Hamish Anderson in SME blog, Business, Founders' blog, Founder Insights

GBP, USD and EUR foreign exchange rate

As the exit polls predicted that the UK was on course for a hung Parliament, the pound dropped almost 2% against the US Dollar and the Euro in a matter of seconds.

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