Features
The world is not going digital anymore, it is already there. Many industries have now embraced technology in almost all their operations, and the Financial industry is no different. Bitcoin, Robinhood, Monzo, Fintech are just examples of how technology has enhanced services in the Financial industry.
The twin forces of Brexit and the coronavirus pandemic have wreaked havoc on business confidence in the UK. It therefore comes as little surprise that almost two thirds (64%) reported the combination of the two made 2020 the hardest year they have faced, according to a recent survey of commissioned by One World Express.
Medical innovation has become a significant focus for venture capital investment in the last ten years. A growing, ageing population combined with the opportunity to develop global solutions is driving a spike in investment innovation that helps people better manage wellbeing or enables them to get well sooner.
Whilst the UK is home to a large number of innovative startups, and has even been proclaimed the ‘unicorn’ capital of Europe, it also has a disappointingly high gender funding gap. According to a report commissioned by the British Business Bank, for every £1 of VC investment, less than 1p went to all-female teams and only 10p to mixed-gender teams. The initial reaction may be to point fingers at the VC industry, however interestingly the report also noted that in fact only 5% of all pitchdecks received are from all-female teams.
Until the early 2000s, banks held almost a monopoly in credit. Around that time, enabled by the emergence of the internet a new type of digital lending started to emerge and with it a new way to invest in private debt: peer-to-peer (P2P) lending. This innovation allowed retail investors to put their money in small loans so that consumers could achieve their financial goals. We spoke to Kimmo Rytkönen, CEO and Founder of Income Marketplace about the rewards of P2P investing.
Property managers are tasked with tracking multiple assets and actions over several properties through all stages of development – from planning to building and maintaining. These days, the role of the property manager is becoming increasingly streamlined and data-driven through the adoption of smart technology.
For all businesses, especially startups, to prosper systematically, sharing feedback effectively is essential. When functional feedback sharing is made a part of the company culture, it turns out to be beneficial for everyone. Even the most talented and passionate employees need a sense of direction from their superiors.
The ranks of the self-employed have swelled over the past two decades, rising from 3.4 million (12.9% of the workforce) in 1998 to 4.8 million (15.1%) in 2017. Yet over the same period, the proportion of self-employed workers paying into a private pension has fallen from 48% to just 16%, according to the Institute for Fiscal Studies.
Businesses reeling from the effects of the pandemic feel like they have been given an ultimatum: transform or die. And while we have seen unfortunate consequences for the companies that were unable to adapt fast enough, it is important to remember that more often than not, digital innovation isn’t all or nothing.










