News

Technology startups

• July 19, 2022 19 Jul'22

  UK fintech outperforms global sector

  Investment in UK fintech continues to increase, outpacing a flat global sector, according to Innovate Finance

• July 18, 2022 18 Jul'22

  Dutch multinational hires HCL for digital transformation

  Netherlands-based DSM is moving to a single-supplier IT services model for its digital transformation

• July 15, 2022 15 Jul'22

  Drivers’ union calls for immediate dismissal of Uber executive

  Uber’s continued employment of an executive directly involved in efforts to resist regulatory oversight puts the ride-hailing firm in breach of its 2018 licence conditions, says drivers’ union

• July 14, 2022 14 Jul'22

  Global IT services market shows signs of slowing

  Spending on IT and business process services could be set to reduce over the coming months as the latest ISG figures show early signs of decline

• July 08, 2022 08 Jul'22

  Ofcom publishes Online Safety Roadmap

  The roadmap sets out how the online harms regulator will approach implementing the UK’s online safety regime, and tells tech firms to start preparing for the new rules

• July 06, 2022 06 Jul'22

  Plexal seeks new scaleups for next phase of Cyber Runway

  Established security startups looking to grow and scale their operations are being invited to join the next phase of Plexal’s Cyber Runway programme

• June 24, 2022 24 Jun'22

  Ministers and MPs outline vision for digital economy

  Government ministers and MPs met with the tech sector to discuss the UK’s digital strategy, the future of work, and how to deal with the country’s tech skills deficit

• June 17, 2022 17 Jun'22

  Tech sector sustainability efforts need full ecosystem approach

  Reorienting the tech sector around collaboration rather than competition and reassessing the industry’s conventional wisdom around economic growth is essential to improving sustainability on the timescale needed, London Tech Week attendees are told

• June 17, 2022 17 Jun'22

  MoD sets out strategy to develop military AI with private sector

  The UK Ministry of Defence has outlined its intention to work closely with the private sector to develop and deploy a range of artificial intelligence-powered technologies, committing to ‘lawful and ethical AI use’

• June 16, 2022 16 Jun'22

  Dundee security research centre opens with support from SBRC

  An £18m hub at Abertay University in Dundee forms the centrepiece of Scotland’s first security research cluster

• June 15, 2022 15 Jun'22

  Virgin Money slashes loan application time through fintech

  Business loan application process at Virgin Money cut from days to minutes through fintech platform

• June 13, 2022 13 Jun'22

  Tech startups raise more than £12bn in 2022 to date

  The £12.4bn in venture capital raised is more than was raised in the whole of 2020, putting the UK ahead of every country other than the US

• June 07, 2022 07 Jun'22

  Russia looks towards import substitution in its IT sector

  The exodus of Western IT companies from Russia and sanctions imposed on the country amid its military invasion of Ukraine are leading to shortages of IT and professionals in the sector

• June 01, 2022 01 Jun'22

  Environmental social governance law enhances Danish tech’s impact

  A new environmental and social law in Denmark could help the country’s tech startup ecosystem to differentiate

• May 30, 2022 30 May'22

  Iceland’s natural and digital approach to healthcare disrupts global sector

  Iceland has the perfect blend of natural health remedies and tech startup entrepreneurship to shake up the world healthcare sector

• May 24, 2022 24 May'22

  JPMorgan’s UK digital retail bank reaches half-million customer mark

  Chase Bank in the UK has already reached the half-million customer mark, but expects a profit to be some years away

• May 24, 2022 24 May'22

  Fintech unicorn Klarna to cut 10% of staff amid global shocks

  Fintech unicorn to slash jobs in reaction to global economic shocks signalling challenges in the financial technology sector

• May 20, 2022 20 May'22

  Third of organisations to outsource more IT amid talent shortage

  Cutting costs is not the main reason for outsourcing IT in the UK, according to a major study

• May 20, 2022 20 May'22

  Former Welsh steelworks becomes ‘living’ cyber lab

  ResilientWorks security centre in Ebbw Vale provides an education hub for students and a testbed for industry

• May 13, 2022 13 May'22

  Pro-competition data sharing will not include users’ personal info, says minister

  UK government proposals to improve competition in digital markets by making tech giants share data with smaller firms will not include consumers’ personal information, says digital minister

• May 12, 2022 12 May'22

  App-based Starling Bank doubles its Cardiff workforce

  Digital bank is recruiting nearly 500 people, including data scientists and engineers, to its Cardiff operation

• May 10, 2022 10 May'22

  CyberUK 22: Wales splashes £9.5m on cyber innovation hub

  A new innovation hub hopes to spur on cyber security innovation in Wales

• May 05, 2022 05 May'22

  Swedish digital entrepreneur interview: Haider Abdo

  Consumer demands changed during Covid-19 and Swedish entrepreneur Haider Abdo has used this as a platform to take niche startup to the next level in the retail sector

• May 05, 2022 05 May'22

  Five companies join NCSC for Startups to deal with ransomware

  The NCSC has invited five startups to join the NCSC for Startups programme to develop tech that can help deal with the threat of ransomware

• April 28, 2022 28 Apr'22

  More than 38,000 UK tech firms incorporated in 2021

  Incorporation of technology firms in the UK was 62% higher last year than in 2020, with strong regional growth despite continued dominance of London in the ecosystem

• April 26, 2022 26 Apr'22

  BCS passes defiant Ukrainian tech industry message to its members

  BCS, the Chartered Institute for IT, has passed on a message from Ukrainian IT suppliers that the country is open for, and in need of, business

• April 26, 2022 26 Apr'22

  How Denmark attracts tech companies

  Danish government encourages research in strategic fields – and encourages the development of clusters, which include research institutes, tech suppliers and customers

• April 21, 2022 21 Apr'22

  Tech to account for over half of regulatory compliance spending

  By 2026, regtech will account for more than half of the money that businesses spend on compliance with regulations

• April 07, 2022 07 Apr'22

  European IT and BPO outsourcing off to strong start

  European IT and business process outsourcing services continue to increase rapidly, with cloud-based services now more than half of the total

• April 05, 2022 05 Apr'22

  Structured decentralisation is the key to unlocking Nordic-level innovation

  Finnish tech entrepreneurs will be taking the stage at the World Economic Forum to tell the world about the role of trust in Finnish startup success

• March 30, 2022 30 Mar'22

  Lax money laundering controls lands N26 with ban from Italian central bank

  German digital bank N26 has had problems with anti-money laundering regulations in the past, and is now banned in Italy

• March 29, 2022 29 Mar'22

  UK tech ecosystem reaches $1tn valuation

  The onset of the Covid-19 pandemic prompted massive investment in the UK’s digital companies, which are collectively valued at $1tn

• March 24, 2022 24 Mar'22

  Ad agency slashes NetApp costs with Datadobi data migration

  US-based branding agency needed to migrate 20TB of large files to new NetApp hardware, but unwilling to stomach the vendor’s migration costs it chose Datadobi instead

• March 17, 2022 17 Mar'22

  Online Safety Bill introduced in Parliament

  The government has introduced its long-awaited Online Safety Bill in Parliament, alongside new criminal offences and sanctions for tech company execs

• March 16, 2022 16 Mar'22

  Estonian anti-money laundering software pilot reaps benefits

  Estonian startup and local banks have successfully piloted a data-sharing platform that prevents money laundering

• March 11, 2022 11 Mar'22

  Majority of UK adults support legal right to disconnect

  The introduction of ‘right to disconnect’ legislation to stop employees having to engage in work-related electronic communications outside their normal hours remains popular in the UK

• March 11, 2022 11 Mar'22

  AWS launches its first UK healthtech accelerator

  A cohort of 12 startups will use AWS resources to accelerate their technology and business development, with opportunities to sell to public sector healthcare organisations at the end

• March 07, 2022 07 Mar'22

  NHS AI framework offers decision support for stroke diagnosis

  Procurement framework aims to help hospitals gain access to pioneering AI-powered image analysis for stroke detection

• February 21, 2022 21 Feb'22

  Open banking surpasses five million UK customers

  Upwards of five million people in the UK are using open banking services as the financial sector’s fintech revolution gathers pace

• February 16, 2022 16 Feb'22

  2021 another record year for UK cyber investment

  Total revenue generated by the UK’s cyber sector was up 14% last year, and UK-registered security firms raised over £1bn in investment

• February 09, 2022 09 Feb'22

  Minister defends digital economy legislation before Lords

  A digital minister has said that the UK’s forthcoming digital markets legislation is ‘superior’ to similar efforts in the EU, but could not commit to a specific time frame for when it will be introduced to Parliament

• February 08, 2022 08 Feb'22

  The Security Interviews: Building the UK’s future cyber ecosystem

  As the government lays out the next iteration of its Cyber Security Strategy, we speak to Plexal and Lorca’s Saj Huq about his work building a cyber ecosystem to support the UK’s future ambitions

• February 08, 2022 08 Feb'22

  UK fintech investment sees sevenfold increase in a year

  UK fintech investment rose from $5.2bn in 2020 to $37.3bn in 2021, with 603 private equity, venture capital and merger and acquisition deals

• February 07, 2022 07 Feb'22

  Government expands tech firms’ obligations in Online Safety Bill

  UK government announces changes to its forthcoming Online Safety Bill, including new criminal offences and expanded list of content internet companies will need to proactively address

• February 07, 2022 07 Feb'22

  Breaking the noise barrier: The startups developing quantum computers

  Noise limits the scalability of quantum computing. Computer Weekly speaks to startups that are turning down the volume

• February 04, 2022 04 Feb'22

  Female tech founder programme hits Helsinki

  From Denmark to Finland: Helsinki’s women in tech are introduced to Tech Nordic Advocates’ International Mentoring Programme

• February 02, 2022 02 Feb'22

  Nationwide Building Society streamlines digital onboarding through API

  Building society is improving its digital onboarding process through application programming interface-based technology from a US startup

• February 02, 2022 02 Feb'22

  Saudi Arabia to invest billions of dollars in technology and startups

  Saudi Arabia announces $6.4bn investment in its tech sector as part of plans to diversify its economy

• February 01, 2022 01 Feb'22

  Sweden’s Husqvarna expands IT outsourcing deal with HCL

  Swedish power tool maker expands its contract with Indian IT service provider as it continues on its digital journey

• January 31, 2022 31 Jan'22

  UK has record year for tech IPOs in 2021

  Tech companies represented 29% of all UK initial public offerings last year, raising a record $6.6bn