fintech

Driving innovation in emerging tech through international collaboration

4 minutes of reading / blockchain, compliance, fintech, quantum computing, Tech, Technology / By / Leave a Comment

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

18 minutes of reading / AI, blockchain, Computer, data analytics, digital transformation, fintech, Fujitsu, Google, IBM, Intel, Microsoft, open source, Salesforce, Siemens, software engineering, Sony, Square, Tech, Technology / By

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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Proposed AI Bill scuppered by general election – so what comes next?

5 minutes of reading / agile, AI, fintech, Intel, Tech / By

The Artificial Intelligence (Regulation) Bill that I introduced was making pleasing progress. I had managed to get the Bill through all House of Lords stages and it was teed up for its passage through the Commons, when, somewhat unexpectedly, on a rainy, otherwise unremarkable Wednesday last month, a General Election was called. A quick refresh…

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UK Finance paints mixed picture of fraud as losses top £500m

4 minutes of reading / AI, fintech, machine learning, social media, Tech / By

The rate of cyber fraud dropped slightly over the first six months of 2023, falling 2% compared to the same period in 2022, but even so criminals and fraudsters still managed to steal approximately £580m via both authorised and unauthorised fraud during the period, according to UK Finance’s latest half-yearly report. At the same time,…

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The most important law you’ve never heard of – the Electronic Trade Documents Act

6 minutes of reading / blockchain, fintech, Tech, Technology / By

Perhaps the headline of this article holds a little hyperbole but, not so much. The law I’m referring to is the Electronic Trade Documents Act which comes into force today (20 September). The reason I make such a big claim for this slight yet significant statute is because across the UK, and around the world,…

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Number of UK contactless payments rose by 30% last year

2 minutes of reading / Apple, fintech, Tech / By

Some 17 billion contactless payments were made in the UK last year, a 30% increase on the previous year, with 87% of people using the technology at least once a month, according to the latest figures from banking industry body UK Finance. The average value of contactless payments also increased. In 2022, a total of…

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European fintech investment plummets, but more sustainable future lies ahead

3 minutes of reading / AI, fintech, Tech / By

Investment in fintech across Europe fell by 70% in the first six months of this year, with “more pain” expected for the sector as investors take a more disciplined approach. But a more mature and sustainable future lies ahead, finds fintech report. According to a report from Finch Capital, the European fintech market’s total investment –…

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Saudi Arabian fintech gets Mastercard boost

3 minutes of reading / Accenture, Amazon, fintech, Tech / By

Mastercard and Fintech Saudi have signed an agreement which could boost a core part of the Gulf state’s high-tech vision of the future. The deal supports Saudi Arabia’s Vision 2030 strategy, which aims to create a vibrant society, a thriving economy and an ambitious nation, which includes developing a fintech sector. According to the most recent…

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Thousands of Klarna staff access ChatGPT Enterprise

2 minutes of reading / Accenture, AI, API, ChatGPT, fintech, Tech / By

Payments fintech Klarna is providing its employees with access to OpenAI’s enterprise version of ChatGPT in a bid to enable them to better support its 150 million users of its payments services. The enterprise version of the generative artificial intelligence (AI) technology, ChatGPT Enterprise, promises enterprise-grade security to reassure businesses concerned about their data. Klarna…

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July sees huge jump in open banking payments

2 minutes of reading / API, fintech, Tech / By

Over 11 million UK payments were made using open banking technology in July, more than double the number during the same month last year. According to the latest figures from Open Banking Limited, there were 11.4 million open banking payment transactions, representing 9.3% increase on the previous month and 102% growth compared to the same…

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