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Angel Investment Network announces four new deals

Angel Investment Network announces four new deals

Angel Investment Network (AIN) are delighted to announce that they have recently completed four deals through their network. AIN helped Novastone to close off its last angel round which was oversubscribed in under 3 weeks. Novastone aims to disrupt the banking sector by giving a compliant, instant mobile and web messaging platform to handle client relationships. It has been shortlisted for the FT’s Future of Fintech Awards 2016 and its founder was invited to attend the World Economic Forum in Davos to discuss the future of fintech. Novastone’s  platform comes at a crucial time for the banking sector (Deutsche Bank have just banned Whatsapp) and its technology delivers the speed and convenience of instant chat, with the security of biometric scanning and banking grade encryption.

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Novastone in Davos 2017

 

Greetings from the Novastone team. Following is a quick update that Douglas Orr our founder and CEO has been invited by Innovate Finance to attend the World Economic Forum in Davos this week.

Novastone has been selected as one of the 13 firms to represent the UK’s fintech community. This is a great opportunity to showcase Novastone to business and political leaders. Please see some news items below.

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Deutsche Bank Bans Text Messages, WhatsApp on Company Phones

by Steven Arons and Ambereen Choudhury
13 January 2017, 16:13 GMT 

Deutsche Bank AG has banned text messages and communication apps such as WhatsApp on company-issued phones in an effort to improve compliance standards.

The functionality will be switched off this quarter, chief regulatory officer Sylvie Matherat and chief operating officer Kim Hammonds told staff in a memo on Friday. Unlike e-mails, text messages can’t be archived by the bank, said a person with knowledge of the matter who asked not to be identified discussing internal matters.

“We fully understand that the deactivation will change your day-to-day work and we regret any inconvenience this may cause,” Matherat and Hammonds said in the memo obtained by Bloomberg. “However, this step is necessary to ensure Deutsche Bank continues to comply with regulatory and legal requirements.”

The policy also applies to private phones used by employees for work purposes. Communication apps such as WhatsApp, Google Talk, iMessage are also prohibited, the memo said.

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A PERSONAL FINTECH BRIDGE TO SINGAPORE

It was a privilege to be one of the companies representing UK FinTech at the inaugural Singapore Fintech Festival. Our guide for this trip, the UK Department of International Trade (formerly UKTI), ensured a packed agenda of meetings with local financial industry leaders and local experts.

The first thing that impressed me about Singapore is the modern and effective infrastructure. Like London, its one of those cities that work. You can have six meetings in a day and it’s no problem. The place is clean and safe. Perhaps the biggest threat is the almost constant rain that’s to be expected during the rainy season. There is much that is familiar for UK residents and visitors from the retailers to use of common law that it’s easy to feel at home.

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Mobile instant messaging as a solution to email fraud

Amongst the many use cases we have seen for enterprise secure mobile messaging, the rising tide of email fraud is one of the most important. For firms with high value clients, in particular, like private and commercial banks, law firms and so on, finding alternative mechanisms for having private conversations and to confirm transactions of all kinds, has become paramount. Using telephone call backs to confirm transactions, for example, creates logistical problems in coordinating conversions and different participants, particularly across time zones.

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Communicating with the Next Gen

Using mobile to connect with the Next Gen of clients before your competitors do.

According to a UK survey by Russell Investments, for one in 10 wealth advisers the majority of their client base is over 70 years old and for nearly 50% of advisers, between 20 and 50% of their client base is over 70 years old. Such figures will be familiar to wealth management professionals both sides of the Atlantic, as the debate over how well the wealth management industry is preparing for the implications of a significant transfer of wealth and assets from the baby boomer generation to generation X and Y has been gathering pace over the last two or three years.

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