New laws determining the responsibility of digital platforms to protect vulnerable users under the Online Safety Act come into force today. The act, which received Royal Assent back in October 2023, has been phasing in the enforcement of its new requirements. In the spring, the portion of the act that requires digital platforms to take ... Read more ›
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A vast proportion of the British crypto and blockchain industry remains shut out of traditional banking, despite the drive to establish the UK as a leading hub. The Treasury, Bank of England and the Financial Conduct Authority (FCA) have all, to varying degrees, acknowledged the UK’s leadership in digital finance and have expressed intentions that ... Read more ›
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New analysis from Innovate Finance, revealed that in a backdrop of stabilised global fintech investment, UK fintech companies continue to outperform on core business metrics. The latest data from the industry body representing UK fintech, revealed that following a prolonged period of contraction, the global fintech sector is stabilising – marking the end of the ... Read more ›
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The British Standards Institute (BSI), a Royal Charter organisation that issues technical standards for businesses and professionals, has published what it describes as the “world’s first international standard” for the use of AI in audits. The advent of generative AI technology has presented accounting professionals with a powerful tool that, when deployed well, can massively ... Read more ›
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London-based investment platform Lightyear has closed a $23m (£17m) Series B round as it confirms it has reached $1bn in customer assets. Founded by Martin Sokk and Mihkel Aamer, two early employees of cross-border payment company Wise, Lightyear is a platform offering access to investments such as stocks, ETFs and money market funds. It also ... Read more ›
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Alpha Group, a London-listed fintech, has agreed terms on a cash acquisition that will see it acquired by Atlanta-based financial services group Corpay for £1.8bn. The takeover agreement, which will see Corpay purchase Alpha shares for £42.50 each represents a significant premium, worth 55% more than Alpha’s undisturbed share price of £27.45 as of May ... Read more ›
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Nottingham-based agtech group NZN – short for NetZeroNitrogen – has secured a $6.6m (£4.8m) seed investment to fuel its mission to reduce reliance on harmful fertilisers. Founded in 2022, NZN is developing a biofertiliser that uses endophytic bacteria to replace the agricultural industry’s reliance on synthetic nitrogen fertilisers, a commonly used product that has been ... Read more ›
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Wise’s plans to switch its primary public listing to the US have been thrown into doubt as multiple advisory firms have expressed concern over the terms of the move. Earlier this week Wise co-founder Taavet Hinrikus – via Skaala Investments OÜ, a company he owns that holds significant shares in Wise – said he was ... Read more ›
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The UK’s competition regulator is targeting the duopoly in the mobile app market held by Apple and Google with new proposals aimed at spurring on competitive practices. The Competition and Markets Authority (CMA) on Wednesday proposed that both Apple and Google be designated as having strategic market status (SMS) in the app store industry – ... Read more ›
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Vicebio, a London-based biotech firm specialising in the development of respiratory virus vaccines, has been acquired French pharma giant Sanofi in a deal potentially worth over £1bn. The Parisian group intends to expand the capabilities of its vaccine design and development team by incorporating the British firm’s “molecular clamp” technology, a process that stabilises viral ... Read more ›
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Inforcer, a management solution for managed service providers (MSPs) specialising in enterprise-grade Microsoft products, has raised $35m (£25.8m) in a Series B round. Based in London, Inforcer launched in 2022 with the goal of supporting small businesses in the adoption of Microsoft technologies. The firm’s software product allows MSPs to standardise, roll out, back up ... Read more ›
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Connectd, a platform connecting startups and scaleups with “fractional” executives and advisors, has raised £5.5m in new funding. Originally launched with a focus on connecting investors with startups, the business has rebranded, concentrating on suppling fractional talent – executives and advisors that can provide support for businesses on a temporary or freelance basis. According to ... Read more ›
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The early-stage startup investment landscape in Scotland has proven to be attractive to new international investors, demonstrating consistent year-on-year growth, according to new research. According to a report from Scottish investment analyst YCF that tracked investors making their first investment in Scottish businesses, the amount of newcomers rose 12% last year, reaching 73. The figure ... Read more ›
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Latent Labs, a UK drug discovery startup launched by former Google DeepMind scientist Simon Kohl, has launched its first AI model, with claims it can outperform top competitors. AI drug discovery is quickly becoming an intensively competitive market, with dozens of startups pulling in tens of millions – and in the case of DeepMind spinout ... Read more ›
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US-based tech giant OpenAI is expanding its relationship with the British government with plans to heavily invest in UK AI infrastructure as the firm prepares to increase its office space in London. The ChatGPT developer on Monday evening signed a strategic partnership with the UK government committing it to support the expansion of essential AI ... Read more ›
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Goldman Sachs-backed German AI company osapiens is expanding its UK operations, with plans to invest €35m (£30.3m) in the region. The Mannheim-headquartered group, which specialises in AI solutions for sustainable growth, said it will create more than 150 new high-skilled jobs in Britain as part of its “long-term commitment” to the UK. The firm, valued ... Read more ›
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Despite the barriers presented by Brexit, firms still identity Europe as a fruitful market for expansion, but the reams of red tape have motivated many startups to broaden their reach globally. This was a key topic of discussion for participants invited to the latest UKTN roundtable, hosted at Lloyds’ HQ in London. Great minds from ... Read more ›
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This week’s podcast guest is acclaimed British astronaut Tim Peake, who discusses his experience on his mission on the International Space Station and how modern space exploration is changing with the advent of private companies like SpaceX. A British European Space Agency astronaut, Peake flew to the International Space Station in 2015 and has spent ... Read more ›
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The Alan Turing Institute, the UK’s national centre for AI and data science, must be “dismantled and rebuilt from the ground up”, according to a new report. Think tank the Centre for British Progress has argued that if the institute is to play a “credible role” in support of the UK’s AI, data and national ... Read more ›
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Representatives of the British cryptoasset sector have urged Chancellor Rachel Reeves to not sell the UK’s Bitcoin holdings, calling for long-term support over an immediate windfall. Reeves is looking at the possibility of selling off at least £5bn worth of Bitcoin, held by the Home Office after seizing the assets from criminals, according to reporting ... Read more ›
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08.03.2026 03:23
Last update: 03:15 EDT.
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