Welcome to your roundup of some of the past week’s most interesting surveys, statistics and reports relevant to those involved in the UK tech industry.
This week, we have statistics relating to the alternative finance market, fraud, the fastest growing UK tech firms and how tech can impact our wellbeing.
Sustaining momentum
A report by KPMG, Sustaining momentum: 2016 European Alternative Finance Industry Survey, revealed the European alternative finance sector is set to continue to grow.
The study showed the online alternative finance market, which includes crowdfunding, peer-to-peer lending and other activities, grew by 92% to €5,431m in 2015 in 2015.
Excluding the UK, the largest alternative finance market, the industry grew 72%, from €594m in 2014 to €1,019m in 2015.
The absolute year-on-year growth rate slowed by 10%, as the growth rate between 2013-14 was 82%. However, the report stated that the industry is ‘sustaining momentum with substantive expansion in transaction volumes recorded across almost all online alternative finance models.’...