This weekâs podcast guest is Martina King, CEO of Featurespace, who discusses why fraud has been an issue since the dawn of humanity, how the big banks are spending massive amounts on anti-fraud measures and only catching around half of all cases, and growing a company from a startup to a success story with interest from ... Read more âș
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Wise co-founder and CEO Kristo KÀÀrmann has been fined ÂŁ350,000 for breaching a senior manager conduct rule. The fintech executive was fined by the Financial Conduct Authority (FCA) for not disclosing to the watchdog previous regulatory breaches during its assessment of his fitness and propriety. The FCA said KÀÀrmann did not properly consider the significance ... Read more âș
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There were high hopes among senior ranks of UK tech that a fresh Labour government would mark a reset in relations with the sector, ushering in a wave of new investment and unleashing the talents in top tech firms to drive digital transformation inside the operations of the state. But nearly four months on from ... Read more âș
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Quantum mechanics holds the key to understanding many aspects of the physical world, and for decades scientists and engineers across the globe have been developing technologies able to harness its unique properties for useful applications. Quantum computing â where the classical âbitâ of information is replaced by its quantum equivalent â is one of these ... Read more âș
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For IT managed service providers (MSPs), a buy and build strategy offers a powerful pathway to rapid growth and increasing shareholder value through increased profits and multiple arbitrage. However, success requires careful planning, effective integration and sound financial management. What is a buy and build strategy? A buy and build strategy is where a core ... Read more âș
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A reality TV star and social media influencer who was reprimanded for promoting risky investments to his followers is still actively endorsing cryptoasset products. Scott Timlin, known for appearing on MTV UKâs The Geordie Shore and winning the 2016 season of Celebrity Big Brother, was alleged by the UK financial regulator to have dangerously promoted ... Read more âș
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This weekâs UK tech funding deals include photonics-based AI processor developer Oriole Networks, automated contract drafting platform Genie AI, nightlife venue navigation app Where You At and more. UKTN tracked ÂŁ37.4m worth of UK tech investment this week (21 October to 25 October) in a fairly slow week for startup funding. Hereâs your weekly roundup ... Read more âș
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The UKâs competition regulator began an an investigation into Googleâs investment into Anthropic on Friday as it explores the concentration of market power in artificial intelligence. The Competition and Markets Authority said its preliminary probe will conclude by 19 December, by which point it will take a decision on whether to commence a full-scale, phase ... Read more âș
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Royden Greaves is the founder and CEO of Jarvis, a London-based fintech app for managing personal and workplace pension jars. In this weekâs Founder in Five Q&A, Greaves discusses the challenge of launching in the competitive UK market, how so many misunderstand the technology behind the blockchain and why the concept of the metaverse is ... Read more âș
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As womenâs safety continues to be highlighted as a major area of concern for the government, startups combatting nighttime dangers are popping up to give confidence back to consumers. There are startups to keep solo travellers safe abroad, to keep women safe while walking alone in the evenings and Where You At, an app designed ... Read more âș
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Resurge Growth Partners has unveiled a new venture equity vehicle in a bid to bridge the gap between venture capital and private equity for high-potential European and Israeli scaleups. The firm will invest over âŹ120m (ÂŁ100m) via the vehicle over the next three years, with nearly half of the capital already committed from the founding ... Read more âș
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Pinewood has upgraded its earnings guidance as the car dealership software firm prepares for major overseas expansion. The Nottingham-based business, formerly known as Pendragon, today raised its guidance for underlying EBITDA in FY27 to ÂŁ30m from ÂŁ27m. The London-listed firm has laid out its vision for global growth in a capital markets event with shareholders. ... Read more âș
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Digital product agency, Studio Graphene has spun out a new SaaS business, Telsen, having invested in creating the technology in-house over the past two years. Telsen is a SaaS platform designed to automate food safety checks and operational monitoring for the hospitality industry. It uses sensors and digital workflows to ensure compliance, prevent safety issues, ... Read more âș
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One of Britainâs biggest online used car marketplaces has driven down its losses as one of the co-founders stepped down from the board. The companyâs pre-tax loss for 2023 fell by around a quarter to ÂŁ31.8m down from ÂŁ43.2m the previous year. Total revenues grew by 48% to ÂŁ60.9m for the year, according to accounts ... Read more âș
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Pockit has appointed former Mastercard International president and CEO Gene Lockhart to its board as it looks to deploy its scaling plans.   The fintech has set its sights on becoming the go-to financial services provider for what it describes as the âunbankedâ. âHaving led some of the worldâs largest financial services organisations and been so ... Read more âș
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This post was sponsored by Scrut Automation, a platform for governance, risk, and compliance for businesses. Teja Edara, an executive from automated smart compliance platform Scrut Automation. Speaking to UKTN, Edara discussed the importance of compliance and the rapidly changing regulatory landscape. What is the importance of effective governance, risk and compliance (GRC) programmes? Teja Edara: ... Read more âș
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Policymaking on artificial intelligence has been captured by a âtech bro takeoverâ, the former chair of the Ada Lovelace Institute has warned. Professor Dame Wendy Hall, who previously served as the UKâs AI Skills Champion, said the overabundance of men in senior policymaking roles âwound her upâ following the disbanding of the governmentâs AI Council ... Read more âș
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The hedonistic season celebrating popstar Charli XCXâs latest record dubbed âbrat summerâ may have ended, but for one of the UKâs top fintechs, the party is just getting started. Revolut is approaching 50 million global users and, ever keen to break away from the stuffy image of its Canary Wharf neighbours, is planning to celebrate ... Read more âș
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This weekâs podcast guest is Sachin Dev Duggal, founder, CEO and self-described chief wizard, of Builder.ai. Duggal discusses the ways people commonly misinterpret AI, the importance of allowing diverse groups input in regulation and lawmaking concerning the technology and the personal journey he faced through legal challenges overseas. Builder.ai is a Microsoft-backed startup that uses ... Read more âș
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The UKâs financial regulator is interviewing 20 âfinfluencersâ under caution in a crackdown on fraud. The Financial Conduct Authority (FCA) said it had launched a targeted action against people who may be illegally touting financial products on social media. The regulator warned there has been a significant increase in this practice, adding that these influencers ... Read more âș
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Most popular sources
Business Insider
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30% 4 |
Wired
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9% 6 |
The Verge
|
8% 0 |
Tech Wire Asia
|
6% 5 |
Gizmodo
|
6% 0 |
| View sources » | |
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27.11.2024 03:45
Last update: 03:41 EDT.
News rating updated: 10:40.
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