Ahead of the May 7 general election in the UK, the heads of 5,000 smaller companies have signed a letter supporting the Conservative party, which currently holds power jointly with the Liberal Democrats in a coalition government.
The letter aims to counter claims by the opposition Labour party that the Conservatives are focused only on supporting big business.
The signatories to the letter, published in the Daily Telegraph, state that they “would like to see [prime minister] David Cameron and [chancellor] George Osborne given the chance to finish what they have started”.
They add that the Conservative party is “genuinely committed to making sure Britain is open for business” and that its commitment to low taxes has helped “to get the economy moving again”, creating 1,000 jobs a day since the coalition government took office in May 2010.
“A change now would be far too risky and would undo all the good work of the last five years.”
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.