18th May, 2018

PIMFA FinTech Conference Competition 2018  

After two years of success, the PIMFA FinTech Solutions Competition, held by the Personal Investment Management and Financial Advice Association (PIMFA), is holding its third open competition for companies to present their ‘FinTech Solution’ at the PIMFA Fintech Conference 2018 on 12th September 2018.  

PIMFA is searching for the most innovative start-ups that can provide FinTech solutions for corporate and enterprise customers. This year’s competition is now open, please click here to enter, to read the full competition brief and terms and conditions please click here. The competition will close on Thursday 31st May at 5pm, the finalists will be selected on Friday 1st June.  

If your firm is shortlisted, you will need to present in front of a committee of PIMFA IT Directors on either the 5th or 6th June 2018.  

 What You Will Win!!!

If you are successful, your firm will be able to demonstrate your FinTech solution at the PIMFA Fintech Conference on Wednesday 12th September 2018, a one-day event which provides attendees with a platform to explore the advantages and potential risks of bringing together technology and the investment management and financial advice industry. Typically attended by over 200 delegates whose firms manage in excess of £825 billion of the country’s wealth, our conference is an excellent opportunity to showcase the latest in Fintech innovation. 

You will be given a 10 minute slot to present in front of senior industry CIO’s and COO’s followed by a 5 minute Q&A. The 4 winning participants will also have their logos displayed as part of the conference programme and have 2 free delegate places at the event.  

Click here to view the highlight video from last year’s conference.  

All applicants can expect a response with regards to their application by Friday 1st June 2018.  

 Key Dates and Details  

Competition Now Open, CLICK HERE to Enter for Free  

Closing date: 17:00 on Thursday 31st May 2018 

Last year’s winners: 

Adviscent Apiax , Appway , moneyinfo , Ripplerock 


17th May, 2018

Promoting Gender Diversity – Women In Finance Update

Rebuildingsociety.com has always had the mission of supporting UK businesses through the wider provision of finance to those that need it. Recently we extended our mission to publicly pushing for gender diversity in all businesses but specifically those in financial services.

In March 2018, we signed the HM Treasury Women in Finance Charter, marking our commitment to improving gender diversity in our industry, through supporting the progression of women in senior roles within our organisation.

We have recently re-affirmed our commitment to improving gender diversity within our team through the appointment of Non-Executive Investment Director, Georgina Mitchell. This sees 44% of Rebuildingsociety.com’s team as being female and 40% of its Board and Non-Executive team also being female.

We’re dedicated to continually improving gender diversity within our team whilst improving work-life balance for all our staff. As a business with technology at our core we’ve invested significantly in IT and communication systems that allows staff to work remotely if required, with many working securely from home in order to honour family commitments.

CEO Dan Rajkumar says ‘We’re committed to meeting our objectives under the Women in Finance Charter. By creating a flexible work environment with the technology to support individuals that have other commitments we’re well positioned to attract the talent of all people that want to further their career and maintain work / life balance. Fostering gender diversity has been core since the start, rather than a means to improving overall public perception of the firm.’

Rebuildingsociety.com is also pushing for greater gender diversity within associated business partners and professional networks. As a founding firm of FinTech North, rebuildingsociety.com has specifically sought to balance the gender gap of speakers at FinTech North’s monthly and annual events as well as engaging a more diverse audience. This year’s FinTech North event in Leeds saw a noticeably higher proportion of female attendees to previous years as mentioned by Susan Sutherland of Fiserv.

As a firm we plan to continue promoting gender diversity within our workplace by improving the percentage of women in senior roles and on the board to 50% by 2020.

If you would like to become part of our team why not apply for one of our roles now.


15th May, 2018

Yorkshire Post Speak with Our NED Investment Director About Working as a Non-Executive Director

A recent article in the Yorkshire Post, featured Georgina Mitchell, our NED Investment Director and explored how one becomes a Non-executive Director and what the job entails.

Georgina, previously of Redmayne-Bentley, completed the Financial Times Non-Executive Director Diploma in her journey to becoming a NED.

In the article, Georgina discusses her passion for business and her journey to becoming a non-exec at rebuildingsociety.com, investUp and her plans to launch a commercial coaching group and peer board with Uspire Network. 

Through her engagement with Yorkshire businesses, Georgina has become quite involved within the FinTech circles, having recently delivered a talk at the annual FinTech North Conference in Leeds and will be delivering a further talk at the inaugural FinTech North Manchester event on the 22nd May.

 


11th May, 2018

Nominate Us!

Power is the ability to create change, and rebuildingsociety is all about that. By giving investors the ability to support loans to well vetted SME’s the smart money does great things for local business owners, local economies, and investors from all over the UK. Show your support by nominating rebuildingsociety.com for the Fintech Power 50 and help awesomeness rule.

The Fintech Power 50 presented by Fintech Finance is an annual guide to the most influential, innovative and powerful figures in the Fintech industry.

It acts as a much-needed reminder of all the great things we are achieving in the world of financial technology, and shines a spotlight on those who are transforming financial services for the better.

Fintech Finance look at Fintech companies from around the world, across a multitude of specialisms. Their goal is to recognise the game changers, movers, and shakers who are really making a difference to our industry. Being part of the Fintech Power 50 is not an award, it is a great recommendation tool and a testament to the work companies are doing to help the sector innovate and grow.

Please take a minute and nominate us using the link below.

https://www.thepower50.com/nomination-page/


10th May, 2018

EU to Standardise Crowdfunding Regulations

The European Commission has unveiled an Action Plan on how to harness the opportunities presented by fintech, including the crowdfunding and peer to business lending sectors.

According to the EU commission Europe should become a global hub for Fintech, with EU businesses and investors able to make most of the advantages offered by the Single Market in this fast-moving sector. As a first major deliverable, the Commission is also putting forward new rules that will help crowdfunding platforms to grow across the EU’s single market. In addition, the Commission is proposing a pan-European label for platforms, so that a platform licensed in one country can operate across the EU.

This certainly seems like common sense, indeed, something that should have been implemented some years ago. As is frequently the case with orchestrating multiple governmental and regulatory bodies, the greater the need, the greater the difficulty in actually doing it. North America being a classic example, with 52 states requiring 52 regulatory licences, making the EU look half as complex by comparison.

Valdis Dombrovskis, Vice-President responsible for Financial Stability, Financial Services and Capital Markets Union, said: “To compete globally, Europe’s innovative companies need access to capital, space to experiment and scale to grow. This is the premise for our FinTech Action Plan. An EU crowdfunding licence would help crowdfunding platforms scale up in Europe. It will help them match investors and companies from all over the EU, giving more opportunities for firms and entrepreneurs to pitch their ideas to a wider base of funders.”

The opportunity becomes apparent once one considers the varying degree of affluence within the EU, and how interconnectedness through technology and singular regulation could flatten the somewhat bumpy ground. When investors in Germany can back small businesses in Bulgaria, either through loans or equity, it changes the market dramatically, potentially leading to high growth in some states and high returns for investors in others.

It is currently difficult for many platforms to expand into other EU countries. This is why crowdfunding in the EU is underdeveloped as compared to other major world economies, and the EU market is fragmented. One of the biggest hurdles is the lack of common rules across the EU. This considerably raises compliance and operational costs and prevents crowdfunding platforms from expanding across borders.

Today’s proposal will make it easier for these platforms to offer their services EU-wide and improve access to this innovative form of finance for businesses in need of funding. Once adopted by the European Parliament and the Council, the proposed Regulation will allow platforms to apply for an EU label based on a single set of rules. This will enable them to offer their services across the EU. Investors on crowdfunding platforms will be protected by clear rules on information disclosures, rules on governance and risk management and a coherent approach to supervision.

Oliver Gajda, Exec director European Crowdfunding Network was interviewed at Fintech North, viewable here. “Without that kind of interchange it must be very hard to achieve any kind of standardisation across the industry… It’s basically impossible …so what we have done in the crowdfunding and peer to peer lending space is to have a soft discourse and distribute knowledge on the market…we’ve also done research on platform operators and their operational challengers when they go cross border… in some instances, every member state, every regulatory body, have completely different views to others.”

And therein the problem. How long it will take to establish a cohesive EU wide regulatory framework for crowdfunding? That remains to be seen. And of course, the Brexit question hovers in the background, although in this instance a regulatory compatibility will undoubtably benefit all.

Daniel Rajkumar from Whitelabel Crowdfunding had this to say “While we have had the cooperation of BaFin and other regulators, each regulator has nuanced differences. A single regulatory framework will reduce complexity and encourage rapid expansion throughout Europe. WLCF customers using our peer to peer lending platform can benefit from our experience as well as relationship with rebuildingsociety.com (for compliance expertise and the appointed representative offering) and also Web-Translations for their professional translation services.”

Helene Panzarino, Managing Director at Rainmaking Colab had this to say.

In my capacity as a representative for a UK FinTech Standards Advisory Board, I’ve noticed the desire for crowdfunding platforms and associations to welcome standards and regulation in order to build trust and rigour in governance and practice, comes up when considering the pan-European landscape. The UK has led the way in championing crowdfunding and a number of our higher profile platforms have begun entry into other jurisdictions. Passporting, particularly in the light of Brexit, off the back of a nascent export scene seems a very logical route to examine and assess. Revolut, who raised on both Crowdcube and Seedrs, is now officially a Unicorn (on paper), and this could have significant impact for the industry.

 


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