AltFi News - 08.03.19

The latest news from the world of Alternative Finance and FinTech
In the news this week
The scale and pace of FinTech development has got the regulators concerned. According to a report by KPMG, regulators are struggling to keep up with the pace of technological change and are becoming increasingly concerned that the scale of FinTech development could harm consumers and threaten the financial system. Don’t be surprised to see a fresh wave of regulatory scrutiny in 2019. Elsewhere, 13 UK FinTech companies have been selected for the third annual UK trade mission to Empire FinTech Week in New York City.
Fintech firms to face increased scrutiny as regulators fear pace of change, KPMG warns



Regulators are becoming increasingly concerned that the scale and pace of fintech development could harm consumers and threatened the financial system, according to a KPMG report. (City A.M.)
Leading UK FinTech companies announced for trade mission to USA
The Department for International Trade (DIT) has announced that 13 British fintech companies have been selected for the third annual UK trade mission to Empire FinTech Week in New York City. The trade mission will take place from 1-5 April, and will offer UK fintech companies the opportunity to... (GOV.UK)
Revolut in spotlight over missing £70k: Police look into rogue payment at digital bank
Online bank Revolut is facing mounting scrutiny after details of a missing £70,000 payment were passed to police. The firm, which has 3m customers after years of breakneck growth, is in the spotlight over cash which was meant to be paid into a business account belonging to the wife of former foreign exchange trader Paul Carlier, but never arrived. (This is Money)
What we’ve seen in Search
Searches for mortgages are up 8.6% compared to this time last year. 
mortgages search trends
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Savers more likely to switch their insurance than their ISA
Half of cash ISA savers have never changed their provider despite recognising the benefits of switching other financial products, research shows. (P2P Finance News)
LendInvest, Zopa and Iwoca among 19 fintechs named in Europe’s 1,000 fastest-growing companies
The Financial Times has launched its 2019 FT 1000, a ranking of European companies that achieved the highest compound annual growth rate, which includes a few familiar names. Several alternative lenders made the ranking, including Ratesetter (No.944), LendInvest (No.113), Zopa (No.571) and Iwoca (No.156) all featuring on the list. (AltFi)
Stat of the Week
The UK banking sector was hit by one IT fail every day for the last nine months of 2018
Innovate Finance launches initiative to get teens into fintech
With fears that UK fintechs will struggle to get the talent they need to compete, fintech industry body Innovate Finance has kicked off an initiative to inspire schoolchildren to become fintech leaders. (Computer Weekly)
Tweet of the Week
fintech tweet of the week
The Marketing Eye says
Four ways social media helps SEO
Despite being discussed numerous times there still seems to be confusion over social media’s connection with search rankings and SEO. In 2010 Matt Cutts, the former head of Google’s webspam team said that Google did use links from Facebook and Twitter as ranking signals.
Using our Meta Description tool to increase Organic Search Clicks
SEO is often about working out which activities will boost your sites rankings for a certain set of key phrases, to move ever closer to an average position of number one in organic search. That's all well and good, but there's another important aspect of optimising for...

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