Could “slowing down” the crowdfunding and fintech financial revolution be a bigger risk than new FCA chief Andrew Bailey actually realises?
Author Barry James
Philip Hammond has unveiled on plans to ensure SMEs are referred to other lenders after bank rejection, but Barry James is not happy in his open letter.
Entrepreneur and influencer Barry James makes a visceral and calculated case for Britain now being at it's most exciting point in history – rather than languishing in post-Brexit doom and being dogged by never before seen political upheaval.
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In a turnaround story of epic proportion within just over three years, the UK has gone from nowhere, lagging far behind the USA, to acknowledged world leader who set the world's agenda in crowdfunding, alternative finance more generally, and fintech.
It's been clear for some time that entrepreneur support and education have just not kept up in a world where new jobs are badly needed and created almost exclusively by entrepreneurs in the startup and SME sector. Now it's time to come together in this time of disruption. It's time for a re-think…and a little lemonade.
The pig-iron chancellor has effectively told 3,000 business advisors: "Get your coat – you're fired" after his decision to wind down the Business Growth Service.
As the FCA's latest CEO falls by the wayside, Barry James urges Osborne and the government to pause for a moment and think long and hard about a decision that will have a profound impact on the world of finance in the coming decade – remembering to marry regulation with innovation.
Barry James, founder of The Crowdfunding Centre and Venture Funding Hubs, argues that Greece has been bullied by creditors in Europe and suggests crowdfunding and financial technology could be the answer to a sustainable future.
Earlier this week the BBC published a quiz for children on CBBC with questions and answers. The "right" answer in each case was to lie or cheat. Children who chose other answers were told they were "too nice to get to the top in business".
With the support Barry James has had in the past often killing the business-line, product or project it was intended to help, he argues that it's time to put entrepreneurs at the centre of whatever is done in the future.
Barry James argues that alternative finance is online from the ground up – with no legacy system, no legacy costs and no delays.
With an eye to the future the chancellor announced last week that "We stand at the dawn of a new era". He's right.