News story of the week: “Fintech League” launches
London’s first ‘Fintech League’ has launched and it already has its own Twitter profile – @FintechLeague! – and a home in Shoreditch (where else?).
So it’s congratulations to 11:FS and Funding Options, which jointly dreamt up the initiative, immediately attracting teams from Curve, GoCardless, Monzo, Receipt Bank, Revolut and Starling.
Anthony Marion from 11:FS said in a press release: “The Fintech Football League is a childhood dream.”
Anthony therefore deserves praise not only for planning the league over years – but also for predicting the dawn of fintech itself as a child!
Comment piece of the week: AdviceTech comes of age
It’s an area of B2B fintech that is not much talked about…yet. But, in his article about AdviceTech, Advicefront’s André Costa argues the technology used to make the lives of financial planners easier and more productive is coming of age. (Full disclosure: Advicefront is a client of Foco’s – but it’s still a fab article…read it!)
Number of the week: 40 billion
This is the number of transactions Worldpay processes annually through more than 300 payment types across 146 countries and 126 currencies. The firm that used to be owned by Royal Bank of Scotland has been sold in a deal worth £32bn to Florida-based Fidelity National Information Services (FIS).
Quote of the week
Answers included “two-nicorn” and, slightly weirdly, “corn-glomerate”.