British Patient Capital, a subsidiary of the state-owned British Business Bank, has appointed Catherine Lewis La Torre as its CEO. In addition, La Torre has been made the chair of British Business Investments, a commercial subsidiary of British Business Bank. She replaces Francis Small as the senior executive responsible officer for the bank’s equity schemes. ... Read more ›
9
Digital challenger bank Starling has reported its first full year of profitability, posting a pre-tax profit of £32.1m for the end of the financial year, compared to a loss of £31.5m at the same time last year. While fintech firms in the UK have been raising huge amounts of funds from investors, profitability remains something ... Read more ›
0
The UK has a growing digital skills gap, with data continuing to show that there are not enough people with digital talent to keep up with demand from employers. Data released last week showed the extent of the gap, suggesting that the digital talent shortage risks “stifling growth”. The UK government announced its new digital ... Read more ›
0
Femtech startup The Lowdown has secured $2.5m (£2m) in seed funding for its sexual and reproductive health platform. The Lowdown is a contraception review platform for women to document and compare their experiences. Alice Pelton came up with the idea for the platform after suffering extreme side effects from her contraception and founded the company ... Read more ›
0
The startup job market in Europe is down 40% from the beginning of 2022, according to new data from VC firm NGP Capital. The report found that the number of startup job opportunities peaked in February and since then has continuously declined. The UK performed slightly better than the European average, with a 38% decline ... Read more ›
0
Nadhim Zahawi pledged to “unleash the power of enterprise” in the MP’s first speech as chancellor in which he addressed the UK’s financial sector. Inflation was a key focus in the Mansion House speech, as Zahawi looked to the role that the fintech sector has in supporting the UK economy. Zahawi announced the repeal of ... Read more ›
0
Irish regtech startup Valid8Me has received a €12.5m (£10.6m) investment from Dublin-headquartered businesses services company Grant Thornton Ireland to fund its expansion into the UK and EU. Cork-based Valid8Me provides software for people and businesses to store know your customer (KYC) related data. “The idea that consumers repeatedly share their most sensitive data, often through ... Read more ›
0
Data centres owned by US tech giants faced outages in London yesterday due to the record-breaking heatwave that saw parts of the country reach more than 40C. Among the outages was a Google Cloud data centre in London, which experienced a “cooling-related failure” according to an update on the Alphabet Inc unit’s status page. The ... Read more ›
0
Freelance platform Passionfruit has closed $4.3m (£3.6m) in a seed funding round co-led by Firstminute Capital and Playfair Capital. Passionfruit connects freelancers with startups based on their skills and interests. The platform provides freelancers with financial tools, mentorship and the opportunity to upskill. “Gen Z will represent 27% of the global workforce by 2025 and it ... Read more ›
0
Blockchain-based job screening tool Veremark has raised $8.5m (£7.08m) in equity funding, led by venture capital firm Stage 2 Capital. Headquartered in London, Veremark’s software lets companies run background research on potential hires. It then creates a “career passport” that stores job credentials on the blockchain. Veremark told UKTN that the immutability of blockchain technology ... Read more ›
0
From Giant’s Causeway to the Titanic Museum, Northern Ireland is known for its rich history and culture. What you might not have known is that Northern Ireland has a thriving tech industry – which means companies there are always on the hunt to fill new jobs. According to a report by the Digital Economy Council, ... Read more ›
0
Cautious investors are turning to startups with more robust business models that have a clearer path to profitability, a move that looks set to benefit fintech companies amid a global slowdown in venture capital funding. According to accounting firm KPMG’s Private Enterprise Q2 report, global VC funding dropped to a six-quarter low between April and ... Read more ›
0
Starling Bank has scrapped its plan to launch a retail bank in Irelan as it shifts its priority to its banking as a service business. First reported by Sky News, the challenger bank informed its 2,000 employees on Monday that it had cancelled its plan, which had been four years in the making, to acquire ... Read more ›
0
Finance app Plum is expanding its services to Belgium, partnering with nine banks in the region. Headquartered in London, Plum is an app that connects to existing bank accounts that uses automation to help customers save, invest and budget their money. Founded in 2016 by former Wise executive Victor Trokoudes, Plum also offers a pro ... Read more ›
0
Japanese conglomerate SoftBank has put plans to list semiconductor firm Arm on the London Stock Exchange on hold due to the political uncertainty caused by the resignation of Prime Minister Boris Johnson and more than 50 of his MPs. The government has been working closely with SoftBank management to persuade the tech investor to bring ... Read more ›
0
UK fintech companies received $9.1bn (£7.6bn) in funding during the first half of 2022, the second-largest globally after the $25bn (£20.8bn) raised by US firms. Data compiled by industry body Innovate Finance shows that for the first half of the year global fintech investment reached $59bn (£57.6bn). The report shows that UK fintech is bucking ... Read more ›
0
A trade union has asked Uber UK customers to participate in a 24-hour strike of the ride-hailing service and join a protest outside the Silicon Valley company’s London headquarters. The strike and protest is in response to the Uber files, a series of damaging leaks that revealed how the Silicon Valley firm pursued an aggressive ... Read more ›
0
Cambridge has been named the UK’s most “AI-ready city” as the government unveils plans to encourage artificial intelligence innovation by revamping regulations. A study from software analytics company SAS found that Cambridge scored the highest on its AI-readiness Index, which ranks cities based on the number of AI-related jobs, R&D spend, GDP, business growth, and ... Read more ›
0
Cardiff-based semiconductor manufacturer IQE plc has filed a lawsuit against Israeli chip company Tower Semiconductor. The IQE lawsuit alleges Tower Semiconductor has “unlawfully” obtained patents regarding its 5G and advanced sensing technology. IQE has filed the complaint in the US Federal Court in California. In a statement on its website it said: “We brought about ... Read more ›
0
The UK government has set out its proposal for a new artificial intelligence (AI) rulebook that aims to balance safety and innovation when regulating the technology. The proposal would see responsibilities split among regulators, as the government looks to diverge from the European Union’s centralised authority approach. This would see regulators like Ofcom, the CMA, the ... Read more ›
0
Most popular sources
ScienceDaily
|
0% |
Tech.eu
|
0% |
ReadWrite
|
0% |
Sifted
|
0% |
UK Tech News
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.06.2026 18:01
Last update: 17:55 EDT.
News rating updated: 00:51.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.