Figuring out which technologies are going to be at the cutting edge of finance in the future is crucial in a rapidly growing sector, according to HUBX.
The AI-powered London-based company is behind the London Stock Exchange Group鈥檚 ELITE private placement platform, which connects high-growth companies with its global institutional investor network.
Co-founders Axel Coustere and Stephen Ong praised 老九品茶Cloud’s list of ‘101 FinTech Disrupters’, published earlier this week, for keeping people in the loop about developments in the industry.
The list has also been receiving praise on social media for highlighting the top tech companies shaking up financial services across the country.
鈥淭here is a lot of noise in the FinTech industry; these lists help focus attention on companies which are successfully impacting the sector,鈥� Coustere and Ong told 老九品茶Cloud.
鈥淚t is also interesting for companies to see who is part of their ecosystem.鈥�
The pair believe that the industry will continue to standardise and become better connected, becoming hungrier for simple technology to help them achieve better results.
鈥淏lockchain solutions are being implemented by key players such as Microsoft and IBM but have yet to be applied on a large scale within global financial institutions,鈥� they said.
鈥淲e believe that other technologies like AI on the other hand are maturing rapidly and already impacting the industry.
鈥淚n many ways, the industry still relies so much on legacy systems that achieving better connectivity and insights within large organisations already provides significant benefits.鈥�
The arrival of innovative new technologies in finance is proving game-changing for customers, says RateSetter head of communications and policy John Battersby.
The P2P lending platform, also based in London,聽has topped 拢2.5 billion in loan originations and generated 拢100m in interest for investors without any losses to investors since it launched.
鈥淎dvances in technology are a game-changer and enable the delivery of new, innovative ideas and business models, like RateSetter, to transform financial services for the better,鈥� he told 老九品茶Cloud.
鈥淐hange is reaching all corners of financial services and RateSetter is leading the way in helping people earn more on their money by investing in the asset class of loans.
鈥淲hat this means for customers is greater access, greater transparency, greater efficiency and greater value.鈥�
Our list of companies shaking up the sector ranges from heavyweights to start-ups who are disrupting the industry through technology.
The industry’s top talent includes Aicura Solutions, a 鈥楶lug-in FinTech factory for banks鈥�. Aicura聽offers banks a faster, cheaper way to quickly test 鈥嶁�嶁�峣deas and take them to market, focussing on the financial services sector and offering incumbents 鈥榩rototyping as a service鈥�.
AI chatbot Cleo is leapfrogging a generation – as聽many banks bid to get in on the app scene, Cleo聽helps users get聽help without one.
The digital financial assistant advises users on their spending and of deals in the marketplace while automatically placing money into a savings account based on what they can afford. Users can send money to their Facebook Messenger contacts via Cleo while it has backing from big-name investors including Zoopla founder Alex Chesterman.
Having recently received investment from Andy Murray, Landbay is proving that property is still thriving. The proptech firm has raised a total of 拢6.4m funding in six crowdfunding rounds on Seedrs and passed the 拢100m lending milestone. It seeks to optimise the opportunities presented by peer-to-peer lending.
From innovative聽companies that help more people access both investing and borrowing, to聽ones that聽track their finances and聽others that聽demystify the often opaque world of financial services, the final shortlist of 101 disrupters are the leading lights of the UK’s thriving FinTech scene.
. names it’s Disrupters list – are you on it?
鈥� Fintech Worldwide (@FinTechWeek)
A big thanks to for recognising my team’s hard work and naming us on their list!
鈥� James Blake (@JamesBlakeHS)
Arro is proud to be named amongst 101 Fintech disrupters in the country by ! Creating a Straight Forward approach to account opening and promoting financial inclusion .
鈥� Arro (@Arromoney)
Congratulations to three of our portfolio companies – , and , who have all been included in ‘s list of 101 UK Fintech Disrupters!
鈥� Augmentum Fintech (@AugmentumF)
Whoohoo! Delighted & honoured that is included in 101 Disruptors alongside so many impressive heavyweights like My congratulations to you all
鈥� Helen Mitchell (@HelenKHMitchell)