Ofcom has issued the largest fine to date under the Online Safety Act (OSA), demanding that 8579 LLC pays £1.35m for failing to implement age verification on its pornographic sites. The regulator launched an investigation into the company, which owns dozens of adult sites, days after the OSA’s age-restricted content rules came into force in ... Read more ›
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The UK along with over 60 other nations and international regions, has jointly demanded “urgent regulatory attention” on AI image generation due to its capacity to cause serious harm. The Information Commissioner’s Office (ICO), representing the UK, was one of dozens of international signatories of a joint statement expressing serious concern that AI tools, particularly ... Read more ›
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International interoperability has been cited as the most significant barrier to introducing digital IDs in the UK, according to government-commissioned research. Last year, the Department for Science, Innovation and Technology (DSIT) via its Office for Digital Identities and Attributes, commissioned research to provide evidence on the feasibility of introducing digital IDs for cross-border use. The ... Read more ›
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Investment group Guinness Ventures has announced the launch of Guinness Founders SEIS, a new service designed to invest in early-stage UK companies. Launched under the Seed Enterprise Investment Scheme (SEIS), Guinness Ventures is targeting a raise of £3m, with plans to build a portfolio of up to 20 companies to receive investments between £100,000 and ... Read more ›
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The existing talent shortfall in the UK tech industry is seeing increased pressure due to a drop in skilled migration, new data reveals. According to a Freedom of Information request made by professional services group RSM UK to UK Visas and Immigration, the number of international workers applying for a visa to work in the ... Read more ›
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Digital bank OakNorth has announced the appointment of Virgin Money UK’s Gergely Zaborszky as its new chief financial officer. Pending regulatory approval, Zaborszky will make the move to London-based OakNorth from July of this year, succeeding Rajesh Gupta, who will retire after more than five years at the company. Zaborszky has spent the past six ... Read more ›
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Engine, the banking software-as-a-service offering from the London-based digital bank Starling, is entering its fourth international market through a deal with New Zealand-owned mutual SBS Bank. The bank’s Engine product has been a fast-growing element of Starling’s business. Though it currently earns just a fraction of what the group’s banking operations pulls in, the most ... Read more ›
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This week’s UK tech funding deals include AI workplace safety platform Fyld, satellite-based thermal imaging group SatVu and more. UKTN tracked £99.86m worth of UK tech investment this week (16 February to 20 February), a 21% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Fyld – £32m ... Read more ›
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The Enterprise Hub within the Royal Academy of Engineering has been designated as the UK’s top accelerator for spinouts and startups, according to new analysis. Based on the criteria of alumni feedback, external recommendations from investors, entrepreneurs and academics and analysis of the success of startups that go through it, the Enterprise Hub came out ... Read more ›
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Meta has been working with the UK’s National Crime Agency (NCA) to takedown a suspected major scam centre that has been targeting British web users. The suspected centre, based in Nigeria, has been said to be the operational core of a sophisticated online fraud network. It has been said to use fake social media accounts ... Read more ›
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Chris McCullough is the co-founder and executive director of product at Rotageek, a workforce management software provider that allows for streamlined and digital staff scheduling. In this week’s Founder in Five Q&A, McCullogh discusses professional resilience, why conviction to solve real problems is more important than quick wins and why you should be building for your ... Read more ›
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Leaders from UK Private Capital, an industry body representing British firms in the private equity market, have celebrated actions taken by the British Business Bank in support of the sector. This week the government-owned development bank announced a £60m commitment to Manchester-based private equity firm NorthEdge’s latest fund, in line with a recent mandate to ... Read more ›
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OpenAI and Microsoft have pledged to provide millions in new funding to the UK government’s AI Security Institute in support of its AI Alignment Project. The project is a flagship programme run by the institute that aims to coordinate internationally to establish global standards for AI safety, ensuring the most advanced iterations of the technology ... Read more ›
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British Business Bank is exploring investments in the private equity space through a new £60m commitment to NorthEdge IV. As part of the government-owned development bank’s new growth equity strategy it has been mandated to invest in private equity funds focused on backing smaller businesses. The mandate was given to the bank as part of ... Read more ›
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In this period of unprecedented cyber threat, it is more important than ever to understand the precise methods and sources of danger impacting both individual consumers and businesses. To that end, cyber safety brand Gen, which owns major cybersecurity brands including Norton AntiVirus and Avast, has compiled a threat report which has outlined the trends ... Read more ›
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Stacks, an agentic platform for enterprise finance, has raised a $23m (£17m) Series A funding round. The fintech group, which emerged from stealth last year with a $12m (£8.9m) seed investment, has built a platform that connects into finance systems to bring together fragmented data to provide a single, consistent view. It also offers AI ... Read more ›
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UK fintech ClearBank is accelerating its expansion across Europe with the appointment of former Uber executive Tristan Kirchner as its European chief executive officer. The Amsterdam-based executive has more than 20 years experience in the payments industry. As well as spending four years leading Uber’s payments function, he has held senior roles at Visa and ... Read more ›
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News laws requiring tech platforms to take down intimate images shared without the consent of the subject within 48 hours are set to come into effect. Through an amendment to the Crime and Policing Bill, online platforms could face fines of up to 10% of their worldwide revenue or even a total UK ban for ... Read more ›
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UK Research and Innovation (UKRI), the largest public research funder, has set out its first-ever AI strategy as the government doubles down on the technology. AI already forms a core element of UKRI’s plans, with a record £1.6bn of funding committed to directly funding the sector over the next four years in the recent Spending ... Read more ›
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Mondra, a group that tracks the environmental impact of supply chains, has merged with Austrian sustainability intelligence platform inoqo to form a unified global entity. London-based Mondra closed a £10m Series A funding round back in October 2025 and is now set to expand its capabilities significantly as it and inoqo attempt to forge global ... Read more ›
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22.04.2026 10:47
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