Leading the world in financial innovation

Posted on the 11th April 2017 in Business, Finance, Money Mover News

Skyscraper, London City, England, UK

The UK is the world’s leading FinTech hub, generating more than £6.6 billion revenue and employing over 61,000 people. To support this growing sector and cement Britain’s position as the global FinTech capital, the UK government is hosting a new, annual FinTech conference on April 12th to showcase the country’s FinTech talent.

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The effect of Brexit on international payments and transfers - managing currency risk

Posted on the 16th February 2017 in Business, Finance

The effect of Brexit on international payments and transfers - managing currency risk

As the shock of last June’s vote to leave the European Union slowly wears off, the reality of a post-Brexit Britain is starting to emerge. The pound dropped to its lowest value in 31 years directly after the referendum and is currently hovering around £1.22 to the dollar. Once Article 50 is triggered sometime in March, official divorce proceedings will begin. Like any divorce, ending the relationship between Britain and the EU is guaranteed to be an emotional and drawn out negotiation. During this time, the one currency everyone will be trading in is uncertainty.

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