Eight projects proposing ways in which AI can be incorporated into public sector work have been selected as semi-finalists in a government-sponsored competition. Run by digital business and technology service provider NTT DATA, the Civil Service AI and Data Challenge encouraged public sector workers to propose projects utilising the technology to improve services. Among the ... Read more ›
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Bound, a London-based fintech group specialising in foreign exchange risk management, has secured a $24.5m (£18m) Series A funding round. Founded in 2021, Bound has developed a platform to protect businesses from currency risk through automated FX hedging. Using Bound, finance teams can set up best-practice hedging strategies that automatically manage exposure to market volatility ... Read more ›
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Taxnova, a London-based fintech that simplifies the process of claiming research and development (R&D) tax credits, has raised $1m (£720,000) following completion of a prominent accelerator programme. The startup’s service works by connecting to tools including GitHub, Jira, Linear, Slack, and Notion to extract evidence of qualifying R&D work. Taxnova said its platform identifies projects, ... Read more ›
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The governments of the UK and Japan have jointly agreed to a £6m research programme to explore advanced connectivity technologies. Announced following a visit to Japan by Prime Minister Sir Keir Starmer, the research programme will see researchers from both nations explore technologies that can provide better connectivity coverage to improve access to digital services. ... Read more ›
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The UK economy could stand to lose out on more than £10bn of growth over the next decade if current trends locking women out of tech roles, a new report has claimed. Research from the City of London Corporation’s Women Pivoting to Digital Taskforce looked at mid-career women and found that rigid hiring practices in ... Read more ›
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Veremark, a London-based workplace trust platform that provides employers with background screening at scale, has raised $26m (£19m) in a Series B funding round. The company offers its screening service to firms looking to hire at scale and from multiple international locations, with the promise of ensuring compliance across different territories. As well as pre-hire ... Read more ›
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Polaron, a London-based startup using AI building the “intelligence layer for materials science”, has raised $8m (£5.85m). The startup was launched to address the challenge of engineers having to use manual work, isolated tools and trial and error to understand the materials used in the manufacturing of products. It does this by training AI models ... Read more ›
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Refute, a London-based startup using AI to counter hostile disinformation threats, has secured a £5m seed investment led by Amadeus Capital Partners. Founded by an experienced team of counterterrorism and crime fighting technology developers, Refute emerged from stealth in 2024 with its military-grade AI system to combat one of the most prevalent threat sources in ... Read more ›
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Barnsley has been named by the government as the UK’s first ‘Tech Town’, a new designation that will see a more deliberate effort made to support its rollout of AI. The South Yorkshire town will serve as a blueprint for the widespread rollout of AI across UK public services, with its schools, NHS facilities and ... Read more ›
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Major banks HSBC, Barclays, NatWest, Lloyds and Santander have agreed to commit £11bn of capital to a government-led lending package to help UK businesses grow and expand abroad. The package was agreed at a roundtable conversation in Westminster attended by executives from the banks. The Department for Business and Trade said that the capital would ... Read more ›
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This week’s podcast guest is Justin Basini, co-founder and chief executive of ClearScore, who discusses how companies like his helped the UK come to grips with the concept of a credit score, why the UK is the rational choice for floatation for the bulk of British fintechs and why he is confident in the growth of the UK markets. ClearScore is a London-based ... Read more ›
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A driverless shuttle service will launch in Orkney, Scotland in support of a study on the impact and feasibility of using autonomous technology for rural transportation. Residents of Kirkwall will be offered the chance to take free trips in an Auto-Pod shuttle service going between Kirkwall Harbour and Kirkwall Airport, a journey that is typically ... Read more ›
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Multinational IT giant Atos has become the latest company to join the UK-wide Movement to Work scheme, founded to provide opportunities to young people who are out of work with limited experience. Movement to Work was launched to tackle the NEET crisis, a large population of young people in the UK who are not in ... Read more ›
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RAIDS AI, a new AI safety platform that can detect and respond to rogue AI behaviour in real time has launched. The platform works by monitoring AI behaviour and highlighting deviations in expected activity so that faults can be detected before they cause system failures or violate regulatory requirements. The company behind the platform, founded ... Read more ›
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Incard, a London-based fintech that provides digital brands with a financial management platform, has raised £10m in a Series A funding round. Launched in 2024, the Incard platform has been described by the company as a “financial operating system” for business owners, the creation of which was inspired by the founders’ own issues juggling fragmented ... Read more ›
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Technology Secretary Liz Kendall has vowed to grow UK life sciences with the confirmation of £1.5bn of investments planned via UK Research and Innovation (UKRI). Announced in a speech to industry members at an event in Camden, Kendall set out plans for UKRI to invest the figure over the next four years into life sciences ... Read more ›
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This week’s UK tech funding deals include business payments fintech Sokin, embeddable digital pharmacy group Evaro and more. UKTN tracked £134m worth of UK tech investment this week (26 January to 30 January), a 5% week-on-week decrease across four funding rounds. Not counted is Synthesia’s £146m funding round that was announced this week but was ... Read more ›
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HSBC UK and Sage have jointly launched a new tax reporting tool for small businesses in preparation for the introduction of new Making Tax Digital (MTD) requirements. Coming into effect in April, the new requirements will mean sole traders and landlords will have to regularly submit income and expense information to HMRC using approved software. ... Read more ›
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Ben Waterman is the co-founder and chief executive of Strabo, a digital wealth management dashboard for consumers and financial advisers. In this week’s Founder in Five Q&A, Waterman discusses knowing when to finally launch your startup, a disastrous Covid-era digital pitch meeting and the future of business banking. What one thing do you wish you’d done ... Read more ›
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The British government is rolling out free AI training programmes with the goal of upskilling 10 million workers by 2030. The training schemes, which are to be delivered via various partner organisations including the NHS and techUK, have been conceived in line with the government’s ambition to establish the country as the fastest adopter of ... Read more ›
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The National Physical Laboratory (NPL) will establish a Centre for AI Measurement, backed by £10.5m in public funding, to develop secure approaches to AI assurance. AI assurance is the process of identifying and mitigating risks associated with the technology before they impact businesses or the public. The new centre will serve as a working environment ... Read more ›
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06.03.2026 02:14
Last update: 02:05 EDT.
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