Fintech trade body calls on the government to establish a national centre to help businesses across different sectors fight fraud through data sharing. Innovate Finance said that current data sharing initiatives designed to fight fraud operate in silos, which means the country lacks the “critical mass” or “scale” needed to stop fraudsters. The call for…
Fintech body calls on government for national anti-fraud centre Read More »
Cloud computing’s rise is a success story under scrutiny. It has been nothing short of transformative, enabling businesses to scale operations, innovate rapidly, and optimise costs. It has become an essential pillar of modern enterprise IT, supporting mission-critical workloads across industries. From finance and healthcare to artificial intelligence (AI) and retail, the cloud is now…
Can regulatory oversight alone unlock cloud competition? Read More »
The government has canned the Payments Services Regulator (PSR) to reduce red tape as part of its Plan for Change. PSR activities will be transitioned to the Financial Conduct Authority (FCA), which will provide “one port of call” to payments system providers rather having to deal with multiple regulators. In November 2024, a speech given…
Government announces inevitable end to Payments Services Regulator Read More »
Sir Martin – founder of what became the world’s largest advertising company, WPP – is now chairman of the board of S4Capital, which aims at digitally native delivery of services.He talks about the use cases in advertising and marketing, limited currently, but where activities like planning and buying media will likely become automated by AI…
Podcast: S4Capital’s Martin Sorrell on AI and the enterprise Read More »
The European fintech and banking industry must not follow Trump’s US in cancelling workforce equality programmes and must instead continue to enforce diversity, equity and inclusion (DEI), according to Wincie Wong, co-founder of Tech She Can. During a session on women in fintech at Finovate Europe last week, Wang reflected on the direction of travel…
European fintech must take different path to Trump’s US on diversity Read More »
The UK government has begun its search for an IT supplier to support its plan to build open banking capabilities into its payment platform. The Government Digital Service (GDS) is looking for a tech supplier to start work in July this year, in a three-year contract worth £49m. The GDS, which is part of the…
Government seeks payments tech partner through £49m contract Read More »
Those Beyond started life as the tech lab of fintech unicorn Thought Machine, supplying cloud-based core banking systems to the world’s biggest banks. Now, after setting off in a different direction to its former parent, it is on an innovation journey that started with a product not aimed at the JP Morgans or the Lloyds…
The death of the piggy bank marks coming of age of a fintech Read More »
The women behind fintechs still face discrimination when seeking investment, despite the issue being an industry talking point for years, according to figures from a UK fintech industry body. Innovate Finance’s numbers, which revealed UK fintech investment dropped by double the global figure, also unearthed the worrying detail that investment in fintechs led by women…
UK’s female fintech leaders hit harder by investment collapse Read More »
Investment in the UK fintech sector fell by 37% last year compared to 2023, but retained its leadership in Europe and was second place in global terms. The huge fall in investment was put down to tough market conditions which included “rising interest rates, geopolitical instability, and a recalibration in venture-capital fund-raising”, according to Innovate…
UK fintech investment drops by almost double global average Read More »
First we had the Data Protection and Digital Information Bill, introduced by the last government and lost when the general election was called. Then came the Digital Information and Smart Data Bill, announced in the King’s speech in July but never enacted. And now we have the latest version, which has reached the House of…
