fintech

Government announces inevitable end to Payments Services Regulator

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…

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Podcast: S4Capital’s Martin Sorrell on AI and the enterprise

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…

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European fintech must take different path to Trump’s US on diversity

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…

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Government seeks payments tech partner through £49m contract

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…

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The death of the piggy bank marks coming of age of a fintech

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…

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UK’s female fintech leaders hit harder by investment collapse

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…

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UK fintech investment drops by almost double global average

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…

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Here comes the government’s Data Bill – again

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…

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Driving innovation in emerging tech through international collaboration

The UK, with the third largest tech sector in the world, is well-positioned to successfully partner with leading and emerging digital economies. But innovation does not exist within the constraints of country borders. In fact, international partnerships and collaboration are key to making sure that technology works for people, economies, societies, and the planet. Recent…

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Computer Weekly announces the Most Influential Women in UK Tech 2024

Sheridan Ash, founder and co-CEO of Tech She Can, has become the 13th person to be named Computer Weekly’s Most Influential Woman in UK Tech. Launched in 2012, the Computer Weekly list of the 50 Most Influential Women in UK Tech started as a list of 25, expanding to 50 in 2015, and now seeing…

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