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Taco Engelaar @ UK Tech News 2 place · 05/16/2025 06:30 EDT

Britain’s creaking energy grid risks short-circuiting UK growth

55 million. That’s the number of people who lost power during the blackout in the Iberian Peninsula. Transport came to a standstill, surgeries were postponed, teachers taught in the dark, families ate by candlelight. Onlookers described it as “post-apocalyptic.” The saga was a brutal reminder that no modern society is as self-sufficient as it thinks. ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News 3 place · 05/16/2025 06:00 EDT

Upvest founder: Acting decisively is crucial

Martin Kassing is the founder and chief executive of Upvest, a platform founded in 2017 that enables fintechs to offer their end users the full range of investment opportunities and brokerage services securely and across international borders. The Berlin-headquartered firm has been FCA licensed since October 2024 and raised €100m in its latest Series C ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/16/2025 05:47 EDT

NHS urges suppliers to commit to stronger cyber defence 

The NHS has urged its suppliers in an open letter to commit to stronger cybersecurity practices amid rising threats.  Britain’s health service has called on its suppliers to agree to a voluntary cybersecurity charter that aims to shore up the NHS supply chain and critical systems in the face of a ransomware “endemic”.  A handful ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 05/16/2025 04:48 EDT

UK public sector is not ready for AI transformation, report warns 

The UK public sector is not ready to implement the AI and digital transformation schemes championed by the government, according to new research.  Though Prime Minister Keir Starmer and Tech Secretary Peter Kyle have made bold claims about the transformative power of AI on public services and the billions that can be saved, a new ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/16/2025 04:00 EDT

AI risk assessment platform Martello scores £1.2m round

Martello, a platform using AI to conduct environmental risk assessments, has secured £1.2m in its latest funding round. The startup has developed technology that aims to make risk analysis in property transactions faster and more effective. Environmental assessments are a key process in any property transaction that often relies on vast volumes of data points ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/16/2025 03:00 EDT

UK consumers uncomfortable with digital IDs, research finds

New research has revealed that a significant portion of UK consumers are uncomfortable with digital identification, despite a push from the government to embrace digital ID technology. Research from fintech group Checkout.com, in partnership with YouGov, found that a third of UK consumers are not comfortable with having an internationally recognised digital ID card or ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/15/2025 09:00 EDT

A balancing act

Labour has had a complex relationship with Big Tech since it took power last year.  There have been a few dustups, most recently when the Home Office demanded Apple include a backdoor into its encryption for the sake of “national security”.  But despite the occasional row, the messaging from the incumbents seems to be that ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/15/2025 06:11 EDT

Quantinuum expands to Qatar with $1bn joint venture 

Quantinuum, the world’s largest quantum computing firm, is launching what it claims will be a $1bn (£753m) joint venture with Qatari group Al Rabban Capital.  Jointly headquartered in Cambridge and the US, Quantinuum aims to accelerate adoption of quantum technology in the Middle East and strengthen the company’s position as a leading figure in the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/15/2025 05:16 EDT

Employee benefits platform Origin launches with £15.8m round

Origin, a platform to manage employee benefits, has launched with $21m (£15.8m) in Series A funding.  The platform brings together data from the benefits programmes of staff across a select company, including multi-national businesses dealing with different languages and regulatory regimes.  “We created Origin because global benefits teams urgently need clarity, efficiency, and control,” said ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/15/2025 03:00 EDT

Space Forge closes record £22.6m Series A round

Cardiff-based space tech group Space Forge has closed a £22.6m investment round in the largest Series A secured by a British space tech startup.  Led by the NATO Innovation Fund, the round will accelerate the development of the company’s returnable manufacturing satellite and support its first in-orbit demonstration mission later this year.  Founded in 2018, ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/14/2025 11:00 EDT

Government trials AI consultation tool for the first time

A new AI tool built by the UK government as part of its Humphrey suite, known as Consult, has been trialed for the first time on a live consultation hosted by the Scottish government. The tool was used to summarise what the public told the government in response to a consultation on how to regulate ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/14/2025 09:00 EDT

EXCLUSIVE: Government calls in tech firms to roll out digital IDs

The government will today call on tech companies to build verification technology to support the roll out of digital identification systems as research suggests billions in returns. The UK has been working towards the release of the GOV.UK Wallet, a service that allows people in Britain to carry a digital drivers’ licence ahead of the ... Read more

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UK Tech News
Rory Choudhuri @ UK Tech News · 05/14/2025 06:30 EDT

Is generative AI fuelling expense fraud?

Last month, we saw yet another striking example of how generative AI can be exploited for ill, when someone used ChatGPT to create a fake lunch receipt that looked entirely legitimate at first glance. For anyone working in finance and HR, it was a warning shot. Submitted to a real organisation, many busy finance teams might have ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/14/2025 06:08 EDT

Anti-bias VC screening creates more exits and fewer failures, research finds 

A screening system that aims to reduce bias in VC decision making has been found to generate more successful exits and fewer shutdowns than traditional methods, according to new research.  VC group Astia, which aims to increase the supply of funding for women-led startups, analysed the investment decisions made over the past quarter-century using its ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/14/2025 06:00 EDT

The digital reinvention

UK manufacturing is no longer defined by nuts, bolts and production lines; AI algorithms, virtual simulations and fully autonomous factories are becoming integrated into daily processes. As global pressures mount and competitive edges narrow, British manufacturers are leaning into a digital-first future by adopting advanced technologies; not just to stay abreast of technological modernity, but ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/14/2025 05:39 EDT

Mansion House Accord an ‘important step’ toward ‘tech-positive’ regime 

The Mansion House Accord is an “important step forward” as the UK works towards a “tech-positive” regulatory regime, according to Innovate Finance boss Janine Hirt.  Announced on Tuesday, the agreement will see 17 pension schemes and providers commit a minimum of 10% of their defined contribution default funds towards private investment, with at least half ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/14/2025 04:42 EDT

Zopa raises £80m in first LSE bond listing 

Digital bank Zopa has raised £80m in additional tier 1 capital through the listing of a bond on the London Stock Exchange.  The non-dilutive capital injection will bolster the bank’s balance sheet as it prepares to launch its new flagship current account product.  The transaction, completed on the International Securities Market in London, was oversubscribed ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/14/2025 03:30 EDT

One in five consumers and businesses use open banking, report finds 

One in five consumers and businesses now use open banking services, up from one in 17 in 2021, according to a new report.  Fresh figures from Open Banking Limited, the entity tasked by the government with the implementation of open banking technology, have revealed there are around 13.3 million active open banking users in the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/14/2025 03:00 EDT

New £60m life science facility coming to Manchester Science Park 

A new £60m lab and innovation hub is set to open next year in Manchester Science Park.  Greenheys, a joint venture between tech-focused property developer Bruntwood SciTech, Legal and General and Greater Manchester Pension Fund, will provide lab space to local businesses and researchers at a site neighbouring the University of Manchester.  Construction of the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 05/13/2025 10:56 EDT

Are businesses ready for AI-enabled cyber threats? 

The potential for AI to supercharge cybersecurity risks has gone beyond speculation.  GCHQ’s National Cyber Security Centre (NCSC) has warned that as AI-enabled cyber threats becomes a greater and greater risk, a “digital divide” will form between organisations able to keep pace with the technology and those unable to adapt their systems and strategies to ... Read more

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