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Technology startups

October 19, 2020 19 Oct'20
Pandemic causes record spike in collapse of tech startups

A record number of technology startups folded in September, after months of early-stage companies struggling to attract the investment needed to stay afloat
October 19, 2020 19 Oct'20
London’s fintechs continue to attract investment

The capital’s fintechs continue to attract large volumes of venture capital funds despite the global economic slowdown
October 19, 2020 19 Oct'20
Estonian rude awakening spurs tech startup activity

Money laundering scandal in Estonia has sparked tech startup activity in the Baltic country as banks look for answers
October 12, 2020 12 Oct'20
Challenger bank accessing latest anti-money laundering technology through fintech

Challenger banks works with fintech to support its anti-money laundering efforts

October 09, 2020 09 Oct'20
TCS results signal enterprise readiness to spend on IT after Covid-19 pause

TCS’s financial results signal that enterprises are ready to invest in IT to help them recover from the coronavirus-related business slowdown
October 07, 2020 07 Oct'20
US lawmakers release big tech antitrust report

House Democrats have published a report on the monopoly power wielded by big tech companies and how to restore competition in digital markets
October 07, 2020 07 Oct'20
Consumers find new payment methods during pandemic

Non-cash payments have grown at their fastest rate for a decade and due to Covid-19 restrictions, more people are discovering different ways to pay
October 05, 2020 05 Oct'20
Employees overwhelmingly hostile to workplace monitoring tech

The use of workplace surveillance technologies to monitor and track staff working from home has increased hugely since the start of the pandemic, but most workers say it makes them feel uncomfortable
October 05, 2020 05 Oct'20
Business leaders call on G20 to drive affordable and responsible tech

A new report from the Business Twenty has urged G20 members to use digitisation to support economic recovery
October 05, 2020 05 Oct'20
Regulator wants fintechs to address pandemic financial challenges

UK financial services regulator is supporting fintechs in addressing some of the challenges consumers and small businesses face amid the current pandemic

October 01, 2020 01 Oct'20
Trust in government technology is key to adoption

Panellists at GovTech Summit 2020 speak about the need to build trust in government digital services, as the pandemic has created room for increased use of technology in the public sector
September 23, 2020 23 Sep'20
Latest Tech Nation fintech cohort reflects diversifying sector

The latest group of fintechs accepted into Tech Nation’s growth programme reflects the diversification of a maturing sector
September 18, 2020 18 Sep'20
Ex-NCSC boss Ciaran Martin joins cyber venture capital outfit

Outgoing NCSC CEO Ciaran Martin is to take up a new role guiding new investments in cyber security
September 16, 2020 16 Sep'20
Lorca security scaleups to get Splunk data expertise

Lorca inducts Splunk onto its co-marketing programme, giving security scaleups access to new data expertise
September 14, 2020 14 Sep'20
Fintech Pledge launched to strengthen UK’s financial technology sector

The Fintech Pledge initiative is designed to foster closer collaboration between banks and fintechs so that the UK can continue building a globally competitive fintech ecosystem
September 11, 2020 11 Sep'20
Law Commission proposes greater protections for victims of online abuse

The Law Commission wants to change the criminal law around communications offences to better protect victims from harmful online behaviour
September 11, 2020 11 Sep'20
UK ‘future tech’ development gets government funding boost

£65m in funding will be used to develop electric batteries, robotics and advanced healthcare treatments
September 11, 2020 11 Sep'20
Santander to double investment in fintechs

Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014
September 10, 2020 10 Sep'20
Lorca security scaleups hit funding milestone

£153m of investment has been raised by Lorca cohort companies in just two years, almost four times the original target
September 10, 2020 10 Sep'20
Edinburgh council to create smart city operations centre

Edinburgh council extends an outsourcing agreement with CGI as it steps up its smart city programme
September 09, 2020 09 Sep'20
Technology businesses vital to UK post-Covid economic recovery

Technology firms are set to play a larger role in UK’s post-Covid economy and are being encouraged to expand overseas after a strong year for digital exports
September 08, 2020 08 Sep'20
UK leads Europe in net zero venture capital investment

With the UK leading venture capital investment in net zero enterprises, Tech Nation have launched a new, government-backed scaleup programme to further develop the sector
September 08, 2020 08 Sep'20
TechUK urges government to back emerging digital clean technology sector

To ensure the UK reaches its climate and decarbonisation goals, TechUK is calling on the government to support the emerging clean tech sector
September 04, 2020 04 Sep'20
Covid-19 has strained London tech firms but they have central role in recovery

London tech startups are feeling the effects of the economic slowdown brought on by Covid-19, but there is a huge opportunity for those with the right focus
September 03, 2020 03 Sep'20
Insurers accept they were slow to adopt digital

Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground
September 03, 2020 03 Sep'20
UK tech firms urged to seek out international opportunities

Tech Nation study finds UK businesses are in a strong position to take advantage of global tech growth
September 01, 2020 01 Sep'20
Here East CEO advises startups to generate own revenue streams

In a time of deep uncertainty, startups with their own streams of revenue independent of investors and large corporates will have more options and be in a much stronger negotiating position
August 27, 2020 27 Aug'20
Tech and telecoms advisory group set up to help trade negotiations

Department of International Trade launches new Trade Advisory Groups to guide trade negotiations with other countries
August 27, 2020 27 Aug'20
Aggrieved Amazon employees organise protests at homes of Jeff Bezos

A newly formed workers’ collective will protest outside the homes of Amazon CEO Jeff Bezos seeking to secure a number of concessions for essential workers
August 25, 2020 25 Aug'20
Nordic startups send a message to global investment community

Early-stage tech companies across the world should set up Nordic operations earlier in their development journeys
August 21, 2020 21 Aug'20
SMEs outperform Q2 expectations but remain cautious about Q3 prospects

Small confidence boost for small to medium-sized enterprises puts tech investment back on the table over coming 12 months
August 17, 2020 17 Aug'20
Comms startup Element helps support secure communications during pandemic

With the huge increase in remote working, Element is using an open, decentralised network to give organisations more control over their communications
August 12, 2020 12 Aug'20
Government awards funding for innovation projects

The funding for innovative projects forms part of the government’s plan to increase research and development spending, which it claims will aid the UK’s post-Covid-19 economic recovery
August 07, 2020 07 Aug'20
Cyber attack combined with Covid-19 puts Travelex into administration

Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed
August 03, 2020 03 Aug'20
Covid-19 forces TechHub into administration

Silicon Roundabout mainstay TechHub has been forced into administration after Covid-19 pandemic undermines ability to generate revenue
July 31, 2020 31 Jul'20
US lawmakers grill big tech chiefs over market power

Sixth antitrust hearing sees CEOs of major technology companies face combative questioning from members of Congress over their market power and dominance
July 29, 2020 29 Jul'20
Campaigners urge government to resist big tech lobbying pressure

Lobbyists for big tech, supported by senior US politicians, have rallied against stricter regulation of technology companies, and threatened the US-UK trade deal unless Britain scraps plans to levy a digital services tax
July 28, 2020 28 Jul'20
NCSC inducts six security startups to Cyber Accelerator

10-week programme will guide some of the UK’s most innovative security startups as they scale their businesses for future growth
July 28, 2020 28 Jul'20
Latent demand for fertility tech identified by market study

Global investment in fertility tech startups tops $2.2bn over five-year period, with significant growth opportunities going forward due to combination of technological innovation and latent demand for fertility treatments
July 24, 2020 24 Jul'20
Venture firm Public launches fourth GovTech accelerator

The GovStart 2020 accelerator programme is looking for innovators working on transport, health and workforce-related technology to help get more startups working on the delivery of public services
July 23, 2020 23 Jul'20
Business resilience key to startups ahead of post-Covid recession

Startups should begin building up their resilience to resist unattractive acquisition bids ahead of post-Covid recession
July 15, 2020 15 Jul'20
Huge declines in traditional outsourcing as Covid-19 puts a stop on deals

Traditional IT outsourcing deals value plummets in the last quarter as contracts dry up amid Covid-19 disruption
July 08, 2020 08 Jul'20
Security funding soars despite Covid-19 slump, but problems lie ahead

The overall cyber security funding ecosystem in the UK is healthier than ever despite Covid-19, but the figures mask stark and concerning disparities in where the money is going
July 06, 2020 06 Jul'20
Lorca scale-ups bring diverse security to the fore

London Office for Rapid Cybersecurity Advancement announces the cyber security scale-ups that will make up its fifth cohort
July 06, 2020 06 Jul'20
Ferry port implements terminal operation system remotely

UK ferry port takes advantage of suppliers remote-working capability to complete IT project during lockdown
July 03, 2020 03 Jul'20
Green tech needed for post-Covid economic recovery

Green technology investments could help society recover from the coronavirus – and prepare it for the long-term negative social and economic outcomes of climate change
July 03, 2020 03 Jul'20
Bergen’s tech hub seeking to scale after positive start

Norway's second largest city is building a tech ecosystem that is beginning its development with a focus on the city's industrial heritage
July 02, 2020 02 Jul'20
New normal of remote working sees more than half of innovation budgets cut

Nearly one-fifth of tech executives have seen signiﬁcant reductions in their innovation budgets because of the Covid-19 pandemic, says report
July 02, 2020 02 Jul'20
Accenture to cut 900 UK staff

Accenture is cutting 900 jobs in the UK, as business levels drop amid the global Covid-19 pandemic
June 30, 2020 30 Jun'20
Government expands Future Fund eligibility criteria

The Future Fund will now be accessible to startups that have previously taken part in accelerator programmes, but early-stage firms continue to struggle
June 29, 2020 29 Jun'20
GCHQ launches Manchester accelerator programme to help firms leverage tech for citizen well-being

Innovation Co-Lab will mentor companies to grow, prevent crime and improve online safety
June 26, 2020 26 Jun'20
CBI: Government must take steps to drive SME business innovation

The coronavirus pandemic has shown how much can be achieved in a short period with a strong partnership between government and industry – and this needs to continue
June 25, 2020 25 Jun'20
CBI: Digital economy needs joined-up regulations and gigabit broadband

The coronavirus pandemic has shown the need for fast, reliable networking across the UK. The CBI is urging the government to do more
June 25, 2020 25 Jun'20
Peer-to-peer lender Zopa gets full banking licence

Peer-to-peer lending pioneer works towards creating the ‘Netflix of banking’
June 18, 2020 18 Jun'20
Nordic business is leading open banking charge in Europe

Nordic region has the right ingredients to prove open banking can benefit consumers, businesses and the economy
June 11, 2020 11 Jun'20
Amazon bans police use of its facial-recognition technology for a year

Tech giant claims it has been an advocate for stronger government regulation on the ethical use of facial recognition
June 10, 2020 10 Jun'20
CogX 2020: Rethinking technological innovation

Innovation processes and relationships must be fundamentally restructured to bring in more stakeholders, and spread the benefits of technological change as far as possible
June 10, 2020 10 Jun'20
Berlin breaks the national mould to become a global hub

German capital is attracting tech startups from across the world as it cements its position as a leading European hub
June 09, 2020 09 Jun'20
Major technology companies ‘negligent’ on forced labour practices

Most of the world’s largest information technology companies continue to leave supply chain workers at serious risk of forced labour, according to a new report that highlights the sector’s inaction
June 05, 2020 05 Jun'20
London Tech Week to go ahead through Zoom

London Tech week will go ahead next week, with the tech industry attending through Zoom
June 02, 2020 02 Jun'20
Government departments could cut payment costs through API deal

The UK government adds fintech to its approved procurement list which promises to cut the costs of receiving payments
June 01, 2020 01 Jun'20
Former Sage boss becomes chairman of Tech Nation

After five years as chair of Tech Nation, Eileen Burbidge has stepped down. Replacing her is Stephen Kelly, who says he wants to support the next generation of tech scaleups
May 29, 2020 29 May'20
UK fintech investment reaches record high

Huge increases in UK fintech investment over the past three years has seen the sector explode, but most of the activity is still concentrated in London
May 27, 2020 27 May'20
British companies dominate safety tech sector

UK companies dominate ‘safety tech’ sector with a quarter of global market share, says report, although legislation regarding online harms has stalled
May 27, 2020 27 May'20
New Level39 chief sets out vision for incubator

New head of Level39 speaks to Computer Weekly about her vision for the accelerator going forward, and how it will leverage its network to support the startup and tech community
May 21, 2020 21 May'20
Cyber security magnate Kaspersky launches travel accelerator

With travel and tourism devastated by the Covid-19 pandemic, cyber security entrepreneur Eugene Kaspersky is funneling resources into an accelerator to help the beleaguered industry
May 21, 2020 21 May'20
Early-stage startups struggle to secure funding during lockdown

Investment in UK startups is being directed to a small number of already-established firms, with new data showing first-time funding has plummeted since the lockdown began
May 14, 2020 14 May'20
Coronavirus: Nearly £2bn of UK fintech investment lost so far

Investment into UK fintechs falls dramatically during Covid-19 pandemic as venture capitalists hold back
May 14, 2020 14 May'20
CenturyLink digitally revamps sales framework

The difficulty of navigating information silos during the sales process and high customer churn prompted CenturyLink to adopt new digital tools that get the right information to the right sellers
May 12, 2020 12 May'20
Opportunity in times of crisis for Nordic tech startups

Nordic tech startups face some major challenges during the Covid-19 pandemic, but this could be the making of some of them
May 06, 2020 06 May'20
Tech firms risk cashflow issues due to pandemic

Analyst Gartner warns that some tech firms may go bust because of inadequate coronavirus planning, and CIOs will need to reassess IT supplier viability
May 05, 2020 05 May'20
Coronavirus: Total outsourcing spending collapses in March

IT spending plunged in March, drastically reducing increases that had been expected in the EMEA region
May 04, 2020 04 May'20
NatWest Bank shutters its app based bank after five months

NatWest is closing its consumer-facing, app-based bank and increasing its focus on mobile business bank Mettle
May 04, 2020 04 May'20
Coronavirus: Do Indian companies still have an edge in Nordic outsourcing?

Covid-19 lockdowns and social distancing have affected Nordic outsourcing strategies. Do Indian firms still have the upper hand?
April 29, 2020 29 Apr'20
Coronavirus: Startups raise £663m during lockdown

Investment is significantly higher than at the same time last year, but it is concentrated in very few hands as the total number of deals declines
April 28, 2020 28 Apr'20
Confidence of UK startups rocked by coronavirus

Firms worry how to keep sales up and secure investment during pandemic
April 28, 2020 28 Apr'20
Covid-19 will decimate fintechs, but those that survive will prosper

The coronavirus will wipe out some fintechs, but those that get through it will share in the next growth phase of the industry's development
April 27, 2020 27 Apr'20
Funding released to support winners of coronavirus technology challenge

To help support the most vulnerable during the pandemic, NHSX and its partners are testing a range of digital solutions submitted as part of fast-track technology competition
April 24, 2020 24 Apr'20
How likely are IT service providers to offer discounts in an unprecedented global recession?

As the global economy slows, businesses are trying to cut costs, with IT services one of the first stops – but what are the chances of a happy outcome?
April 22, 2020 22 Apr'20
More than 80% of UK startups ineligible for public-private coronavirus loans

With the majority of startups left out in the cold, the UK government must now focus on the delivery speed of what is available, according to ecosystem leaders
April 21, 2020 21 Apr'20
Government launches online financial support platform for business

Businesses will be able to use the government’s online support finder tool to discover what sort of financial support is available to them during the Covid-19 pandemic
April 20, 2020 20 Apr'20
UK government announces ‘Future Fund’ to support startups during Covid-19

The startup rescue package includes public-private match funding, which will give the government shares in the enterprises, as well as targeted research and development support
April 20, 2020 20 Apr'20
Coronavirus: Pandemic will see consolidation of offshore captive centres

Offshore captive IT operations owned by western businesses will be sold off to raise cash and boost efficiency amid Covid-19 pandemic
April 17, 2020 17 Apr'20
Covid-19 will leave its legacy on global IT services

IT services buying and selling will go through a transformation during the coronavirus crisis
April 17, 2020 17 Apr'20
Coronavirus: Treasury set to announce startup rescue package

With pressure mounting to aid firms not covered by the existing coronavirus loan scheme, the government has been in talks with industry on how to get support to hard-hit startups
April 16, 2020 16 Apr'20
Coronavirus: Nordic digital educators collaborate with authorities amid pandemic

Nordic education technology startups are supporting education establishments in offering continued education during the Covid-19 crisis
April 15, 2020 15 Apr'20
Government urged to delay digital services tax amid coronavirus outbreak

Delaying liabilities for a year could help technology companies already stretched thin by the outbreak of the Covid-19 coronavirus pandemic, according to TechUK
April 15, 2020 15 Apr'20
Coronavirus: Nordic authorities use tech in fight against Covid-19

Nordic government organisations are working with private technology firms in the region to support their efforts to contain the coronavirus
April 09, 2020 09 Apr'20
How Bolt plans to be more uber than Uber

Overcoming competitors with brand names that have become part of the modern vernacular is a challenge Estonia-based Bolt has set itself as it takes on Uber
April 06, 2020 06 Apr'20
Coronavirus: Nordic tech startups face job cuts amid falling sales and a lack of funding

Tech startups based in the Nordic region face difficult decisions as the Covid-19 pandemic leads to falling sales and investment
April 06, 2020 06 Apr'20
Extension of coronavirus loan scheme does little for startups, says Tech Nation

Changes to the government’s coronavirus business loan scheme will do little to alleviate the financial pressure on startups and pre-revenue companies, despite previous warnings from tech industry bodies about the dangers they face
April 01, 2020 01 Apr'20
Coronavirus: NHSX working on contact tracing app

A contact tracing app to track the spread of infection is being developed, although specific technical details remain scarce
March 31, 2020 31 Mar'20
Hackathon launched to help fight coronavirus pandemic

Virtual hackathon seeks to develop a suite of applications to help people during the Covid-19 coronavirus outbreak through ethically built technology
March 31, 2020 31 Mar'20
Insurance company uses artificial intelligence to assess car damage when claims are made

In the latest insurtech development, the UK arm of insurance company Ageas is using artificial intelligence to assess vehicle damage in accidents
March 30, 2020 30 Mar'20
Coronavirus: Viability of half of London’s tech startups threatened

Technology startups in London are fighting for their existence, with business plans for the next three months geared towards survival
March 27, 2020 27 Mar'20
Lorca calls on security scaleups to tackle coronavirus challenge

Lorca innovation programme has launched an open call for its next cohort of cyber security scaleups, with a timely focus on coronavirus challenges
March 25, 2020 25 Mar'20
Coronavirus: Chatbot to help Estonians cope during pandemic

Estonian government is using a chatbot developed by local startups to answer the many questions its citizens have about Covid-19
March 24, 2020 24 Mar'20
Workplace misconduct platform reports rise in coronavirus-related racial discrimination

More people are experiencing racial discrimination at work since the spread of Covid-19
March 18, 2020 18 Mar'20
UK facial recognition project to identify hidden faces

A research project being conducted by UK universities in collaboration with the Home Office and Metropolitan Police could produce facial recognition systems that allows users of the technology to identify people with their faces covered
March 18, 2020 18 Mar'20
Employment and investment in UK tech sector booms

UK digital tech sector continues rapid growth in 2019, attracting record investment for another year