New regulation governing the use of buy now pay later (BNPL) payments is coming âsoonâ, City Minister Tulip Siddiq has said as she warned of a âblack hole of debtâ caused by the technology. Speaking at the Labour Party Conference in Liverpool, the economic secretary to the Treasury told UKTN she has âstartedâ the regulatory ... Read more âș
0
Cybersecurity business Snyk was able to reduce its losses in 2023 despite a string of acquisitions over the year, the companyâs latest accounts show. The London, Tel Aviv and Boston-based business cut its pre-tax loss to $176m, down from $266m the previous year while managing to spend more than $40m acquiring other tech businesses. The ... Read more âș
0
Meal supplement business Huel was dealt another blow on Wednesday after the British advertising regulator banned a promotional post for the Steven Bartlett-backed firm, the third such ruling in two months. The Advertising Standards Agency (ASA) said an Instagram post from Huel from April made unsubstantiated claims about its health benefits and cost relative to ... Read more âș
0
Probiotix Health was plunged into a leadership crisis on Wednesday after one of the life sciences firmâs biggest shareholders called for the resignation of its CEO. Seneca Partners, which controls a 5.5% stake in the Aquis-listed business, has requisitioned a general meeting of the companyâs shareholders including a vote to remove CEO Steen Andersen from ... Read more âș
0
Stability AI has hired Terminator and Avatar director James Cameron as the London AI group looks to bring its technology to the creative sector. Known for championing burgeoning filmmaking technologies like CGI, Cameron was appointed by the AI unicorn to offer an artistic perspective to Stabilityâs suite of storytelling tools. âJames Cameron lives in the ... Read more âș
0
Stuart Neal, CEO of London-listed fintech Boku is âreally pleasedâ with the groupâs half-year results, having posted a revenue bump of 24%. Boku is a localised payment solutions provider with products including mobile payments and digital wallets. The group, which listed on Londonâs AIM exchange in 2017, reported revenue of $47.3m (ÂŁ35.4m) for the six ... Read more âș
0
Personal Group today upped its dividend as the company hailed a successful migration of customers to its new digital benefits platform. The insurance and employee benefits business said 40% of clients had now transitioned to its Hapi 2.0 platform, with a 100% migration expected by the end of the year, paving the way for more ... Read more âș
0
Sales have surged at Raspberry Pi in the companyâs first published results as a listed business following a successful IPO. The firm reported revenues of $144m for the first six months of the year, a jump of 61% on the previous year, while pre-tax profits nudged up slightly to $10.8m. But the computing firm warned ... Read more âș
0
This weekâs podcast guest is James Codling, managing partner at Volution. Codling discusses how despite a slowdown in funding and concerns over profits, the UK is still seen globally as a massive hub for fintech, how the hype around British fintech successes is not always spread evenly and why building a bank is the most ... Read more âș
0
ChatGPT-maker OpenAI is âin favourâ of the UK enacting legislation governing generative AI and called for it to âincentivise safety practicesâ as the firm attempts to kindle friendly relations with the new Labour government. Speaking at the Labour Party Conference on Monday, OpenAIâs head of UK policy Brittany Smith said the Microsoft-backed tech giant is ... Read more âș
0
The AI Safety Summit, hosted by the UK last November was a âdamp squibâ that âdidnât go anywhereâ according to a Labour MP as the party seeks to distance itself from the previous administration on key tech policy matters. Speaking at a technology panel at the 2024 Labour Party Conference, Exeter MP Steve Race said ... Read more âș
0
British generative AI legal tech startup Luminance is opening its doors in Dallas, Texas as it looks to expand further into the States. Luminance, which this year raised over ÂŁ30m in a Series B round led by US investor March Capital, Â has developed a large language model (LLM) to automate legal tasks including contract generation, ... Read more âș
0
London-based fintech Payhawk posted heavy losses for 2023 despite more than doubling revenue. Based in Chancery Lane, Payhawk is a tool for managing corporate expenses, invoices, and company cards. The company works with clients including Microsoft, QuickBooks and Oracle NetSuite. The group reported a loss of âŹ32m (ÂŁ26.8m) for the year ended December 2023, 80% ... Read more âș
0
An Australian property company backed by billionaire Rupert Murdoch has raised the stakes in its takeover plans for Rightmove, submitting a third bid after the companyâs shareholders rejected two previous offers. Melbourne-based REA, which is majority-owned by Murdochâs News Corp Australia, on Monday unveiled the fresh bid of 341 pence in cash per share plus ... Read more âș
0
Shares in Alphawave IP plummeted by as much as a third in the opening minutes of trade in London after the semiconductor IP business posted a more than halving in revenues and cut its guidance for the rest of the year. The Leeds-based business posted sales of $91m in the first six months of the ... Read more âș
0
Oxford Metrics has slashed its guidance for the rest of the financial year as the smart sensing and software company warned on the âgreater cautionâ it was seeing among customers. The Yarnton-based business warned its full-year pre-tax profits would come in âmaterially belowâ current market expectations of ÂŁ7.8m, while it cut back expected revenues of ... Read more âș
0
The UK has long been fertile ground for startups, offering a home to new ideas and cutting-edge solutions. The tech sector adds an enormous £150bn to the economy each year, employs more than 1.7m people, and while London leads the charge, cities like Birmingham, Bristol and Manchester have each become vibrant tech hubs in their own right. ... Read more âș
0
This weekâs UK tech funding deals include challenger credit card fintech Yonder, carbon reporting platform Zevero, surgical solutions group Alesi and more. UKTN tracked ÂŁ53.1m worth of UK tech investment this week (16 September to 20 September), a 50% week-on-week decrease across five funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. ... Read more âș
0
The use of AI to create âhyper-personalisedâ insurance plans risks leaving consumers âuninsurableâ and could increase âdiscriminationâ, warned the chief UK financial watchdog. Speaking at the StepChange Connected conference in Leeds, Financial Conduct Authority (FCA) chief executive Nikhil Rathi discussed the incorporation of AI technologies in financial services. âWe want safe and responsible use of ... Read more âș
0
Aran Brown is the co-founder and CEO of Navro, a startup that provides international businesses with payments infrastructure through its API. Navro launched in 2022 and this year raised $14m (ÂŁ10.5m) in a funding round featuring Bain Capital, Motive Partners and Unusual Ventures. In this weekâs Founder in Five Q&A, Brown discusses strategic hires, promoting ... Read more âș
0
Most popular sources
Wired
|
0% |
The Fintech Times
|
0% |
Vox
|
0% |
Skift
|
0% |
ScienceDaily
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
21.06.2026 23:26
Last update: 23:15 EDT.
News rating updated: 06:20.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.