Home to over 10,000 FinTechs, the US is at the forefront of the FinTech scene. From Silicon Valley to New York the FinTech ecosystem in the US is buzzing with innovative unicorns and start-ups. It was hard for us to avoid the age-old battle of West vs. East coast so, we decided to take a deep dive into the top FinTechs on each coast and explore why these FinTech hubs are doing so well.
Over the years, technology has changed the way consumers pay for goods. A vast majority of people do not always prefer cash as the introduction of contactless payments has made the process easier and more convenient.
The latest emerging payment system is cryptocurrency; the most popular being Bitcoin, with other crypto’s quickly growing in popularity. There is ongoing debate as to whether cryptocurrencies are a good investment. …
A Chief Commercial Officer is integral for the commercial development of a company, especially within the FinTech industry. Commercial relates to the generation of revenue so in a team context, covers a mix of services such as sales, customer success, marketing, and PR. This means, that there are several skills that are essential to becoming a successful CCO. We have put together a list of the necessary skills, tips on how to progress to a CCO position, and the salary you could expect as a CCO.
A Chief Commercial Officer is an executive role that oversees the development and commercial…
The US is currently dominating the FinTech scene, being home to a wide range of FinTech unicorns and start-ups. Investment into the US FinTech industry has seen a huge increase year on year, thus maintaining its lead as the FinTech hotspot. We have put together some key statistics that cover the number of FinTechs in the US, the top 5 Fintechs, the top 5 FinTech hubs, and the percentage of the market the US holds.
Despite FinTech being a modern industry, the gaps within the sector concerning LGBTQIA+ communities are evident now more than ever; last year only two Chief Executives amongst FTSE 100 companies were open about being LGBTQIA+.
The barrier to promotion or advancement for gay and lesbian professionals is so prominent, one-third of LGBTQIA+ employees have hidden or disguised their identity to avoid discrimination at work.
But FinTechs have an opportunity to set a precedence and become an ally to the LGBTQIA+ community. We explore why diversity in this sector is so important and how these disruptive banks can be more inclusive.
The role of a compliance director is key for any business that operates in regulated areas. The main responsibilities include ensuring that all areas of the business follow financial policy, reporting regulations, and the law, whilst implementing any changes accordingly.
This role is important within the FinTech industry as the regulations are ever-changing. Having a Compliance Director in place builds a solid foundation for a business’s growth whilst also creating peace of mind for investors. It certifies that the infrastructure of their potential investment adheres to regulations.
So, what skills should you look out for when hiring a Compliance Director?
Growing a company from nothing to millions of revenue in a few years is one of the most challenging but rewarding experiences someone can go through. At Storm2, that is exactly what we have done.
In just two years, we have grown from three recruitment buffs working in Founder, James Browns’ bedroom to 173 people across London, Amsterdam, and Singapore and three sister brands — Storm3, Storm4, and Storm5.
But how have we achieved so much in so little time? …
The FinTech ecosystem is ever-growing, and whilst cities such as San Francisco, London, and New York still hold the top spots. It is amazing to see the new FinTech hubs that are emerging. More and more smaller cities are upping their game when it comes to available talent, healthy competition, enabling regulations, and financial stability in the FinTech realm.
This list will cover the leading FinTech hotspots as well as the rising stars, to help you decide where to launch your next office.
A Chief Executive Officer is one of the most demanding but desirable positions in any company. Primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company and being the public face of the brand. Due to the seniority of the role, a C-suite interview takes on a different dynamic to a mid-level management interview.
Europe has seen a handful of new FinTech CEO hires recently; digital bank Monzo appointed Carol Nelson as its CEO for US operations and payments processing firm Mollie selected Shane Happach as new CEO to support international expansion.
Not too long ago, globalisation was only achievable by giant FinTechs. But thanks to technological advancements, the adoption of online marketing, greater access to capital, and the rise of direct-to-consumer business, more and more FinTech scale-ups have the opportunity to take their product or service international.
Gaining a deep understanding of your target markets, the competition, current local market trends, and requirements lay an important foundation for successfully launching and driving global growth. …