The UK’s fintech industry body Innovate Finance has called for the removal of obstacles and more transparent governance in the Open Finance sector. Issues with the accessing of banking data still remain says a report from Innovate Finance and Boston Consulting Group, citing issues such as outages, bad availability and API request quotas. Janine Hirt, ... Read more ›
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The London Stock Exchange could be in for another blow to its tech listing aspirations as AIM-listed data firm WANdisco explores the possibility of leaving for a New York listing. First reported by Sky News, WANdisco, which operates in the big data space, has reportedly hired a banker from Evercore Partners to prepare a New ... Read more ›
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From 1 April the amount that UK companies can claim in research and development (R&D) tax credits will change. Startups developing new technologies will be able to claim less tax relief, while larger businesses will receive more R&D support. Chancellor Jeremy Hunt, who first announced the change in the Autumn Statement, said the move is ... Read more ›
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Belfast-based health tech company GenoME has closed a £1.4m funding round in support of its diagnostics platform for the early detection of ovarian cancer. The investment follows a £300,000 pre-seed round in 2021, which allowed the company to achieve regulatory milestones in the UK. GenoME will use its new finances to complete the testing of ... Read more ›
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The government has allocated £370m in funding to the newly established Department for Science, Innovation and Technology (DSIT) to invest in technology such as AI and quantum computing. Alongside the funding announcement, DSIT has published its Science and Technology Framework paper, which sets out how the UK can work towards becoming a “science and technology superpower”. ... Read more ›
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The headlines surrounding tech layoffs have been stark: since the start of the year, 421 tech companies have laid off 119,593 staff globally. In the UK, high rates of venture capital funding that fuelled hiring growth during the pandemic have slowed significantly, dropping by 22% in 2022. In turn, this has had a knock-on impact ... Read more ›
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London-based software startup Ramp has closed $5m (£4.1m) in seed funding for its automated revenue forecasting tools. The investment round was led by AlbionVC and Eurazeo. Ramp co-founder and chief strategy officer Angus Lovitt launched the company after encountering poor financial forecasts during his time as VP of marketing for King Digital Entertainment, makers of ... Read more ›
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Wales could be transformed into one of the UK’s leading tech ecosystems if the Welsh government can overcome a number of challenges holding it back, according to a new report. A report published by the Coalition for a Digital Economy (Coadec), a UK startup policy nonprofit, identified a lack of diverse investment routes, isolation of ... Read more ›
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Tamas Kadar is the co-founder and CEO of SEON, an Anglo-Hungarian fraud prevention company that spots potential scammers in online transactions. Kadar founded SEON in 2017 with his co-founder when they were still at university. The company’s technology looks at the “digital footprint” of customers to find fake accounts and prevent fraud. In April 2022, ... Read more ›
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The West Midlands Combined Authority has appointed Martin Ward as the region’s first tech commissioner to champion the digital sector in Birmingham and the surrounding towns and cities. The region has been searching for a tech commissioner for several months, having announced its plans to appoint someone to the role in October last year. Ward ... Read more ›
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SoftBank, the owner of Cambridge chip designer Arm, has selected the US for its long-awaited public listing in a rebuff of the UK’s tech IPO market. While SoftBank’s decision will come as a blow to the UK politicians who had been lobbying for a blockbuster London IPO, Arm’s chief executive provided a glimmer of hope ... Read more ›
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Customer relationship management (CRM) software company Attio has raised $23.5m (£19.6m) in Series A capital. Users of the London-based CRM scaleup include ChatGPT creator OpenAI and Coca-Cola. More than 2,000 customers use Attio’s “customisable” CRM software, which provides tools such as automatic record creation and bulk personalised email sending. “We’ve seen challenger CRMs come to ... Read more ›
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Block, the US tech firm founded by Twitter creator Jack Dorsey, will invest £2m into a Birmingham-based community business investment programme backing firms in the West Midlands. ART Business Loans is a not-for-profit community development finance institution (CDFI) that provides loans to businesses unable to access finances from banks and other mainstream lenders. The £2m ... Read more ›
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Revolut auditor BDO has said it was unable to unable to independently verify three-quarters of the fintech company’s revenue, warning that some information may be “materially misstated”. The London-based fintech unicorn posted its overdue financial results for 2021 on Wednesday, showing it had achieved ful-year profitability for the first time. The report stated the company ... Read more ›
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Events planning software company OnePlan has secured $6m (£5m) in investment from Elysian Park Ventures and Verance Capital. The London-headquartered firm’s software has been used for live events at Silverstone, Arsenal Football Club and will be used in the upcoming Paris 2024 Olympic and Paralympic Games. Event planners can use OnePlan to simulate event scenarios ... Read more ›
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Venture capital firm Atomico has appointed former Snowflake executive Thibaut Ceyrolle as a partner to head its sales and go-to-market division. Ceyrolle was the first EMEA employee and geo vice president for Silicon Valley cloud business Snowflake, which went on to IPO for $33bn. “Thibaut was central to Snowflake’s monumental growth, and that experience has ... Read more ›
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Officials in China are slowing the transfer of Arm’s joint venture in the country to Arm’s parent company SoftBank, in a move that could hold up the Cambridge semiconductor company’s planned blockbuster public listing this year, according to the Financial Times. Arm China, a joint venture in the country, agreed to a share transfer to ... Read more ›
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Innovate Finance has called on regulators to let fintech services do “more to help people” during the cost-of-living crisis, in a new report published with EY. The fintech industry body said that regulators need to extend open banking rules to a “wider range of services”, prioritising savings accounts and credit and mortgages to support people ... Read more ›
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The London Stock Exchange Group (LSEG) posted a stronger financial result than expected in its 2022 report, revealing a 38.8% jump in pre-tax profits from the year prior. LSEG said its pre-tax profits rose to £1.24bn last year, a healthy increase from 2021’s £894m. The group cited the successful integration of the financial data company ... Read more ›
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The UK government should play to its existing strengths in the semiconductor industry rather than trying to directly compete with China, Taiwan, and the US, according to the co-founder of Pragmatic Semiconductor. Richard Price, co-founder and chief technology officer at Pragmatic Semiconductor, told UKTN that the government should not start investing in “very advanced” semiconductor ... Read more ›
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15.06.2026 02:24
Last update: 02:11 EDT.
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