The Luxembourg House of Financial Technology recently opened a new innovation hub; the innovation hub will provide support for Europe fintech businesses and could potentially lure more fintech businesses away from London; in comments regarding the new innovation hub, Nasir Zubairi, CEO of the Luxembourg House of Financial Technology, said: "Over the coming months we will be delivering a number of exciting projects with the community; education programs, hackathons, developer sandboxes as well as the Fintech Awards. We will work with the community to build up a soft-landing platform to make it as easy possible for fintech firms to set up in Luxembourg and we will promote all of Luxembourg's strengths internationally to put Luxembourg first in the considerations of fintech firms looking for an EU hub." Source
Lisa Caplan from Nutmeg provides insight on investing in individual savings accounts (ISAs); reports on six myths that keep UK investors from investing in ISAs; notes the tax free advantages of investment in ISAs up to the allowance limit of 15,240 British pounds ($18,588) and the allowance limit increase to 20,000 British pounds ($24,394) beginning in April. Source
PwC is out with new research saying alternative asset volumes will double by 2025; alternatives will make up about 15 percent of global assets under management by 2025 because investors are looking for diversification and reduced volatility; Rob Mellor, PwC asset management partner, tells AltFi, “We have seen the rise of the multi-strategy alternative manager and an increasing trend for traditional active managers looking to add alternative strategies to their product range.” Source.