UBS spending over £830m on IT system overhaul October 17, 2016 Swiss private bank UBS is spending around 1bn Swiss francs (£831m) on an overhaul of its IT system. The group wants to standardise the IT platform across its flagship wealth management business and said the investment will ultimately save money. "This is about integrating our historically fragmented infrastructure that we have globally into one platform," [...]
Seedrs is expanding further into Europe with a new Berlin office October 17, 2016 Seedrs, the UK equity crowdfunding platform, is expanding with a new office in Berlin after gaining a financial passport to operate across the continent over the summer. The latest location is its third outside the UK adding to an office in Amsterdam which opened in July and a software development office in Lisbon. It will also serve [...]
Apple’s driverless car plans have totally veered off course October 17, 2016 Apple's not-so-secret plans to create a fleet of driverless iCars have apparently veered off course with the tech giant seriously dialling back on its plans for the technology. Project Titan, as it's known internally, has been Apple's worst kept secret for the past year or so and has been credited for its rocketing spend on R&D. Now, Apple has "drastically scaled [...]
Hard Brexit or soft Brexit, does it matter? October 17, 2016 So is it going to be a “hard” or a “soft” Brexit? Since our new Prime Minister began to lay out her Brexit negotiating stance this question has become a persistent preoccupation, particularly in business circles. To consider the answer we need to separate the politics of hard and soft, from the financial and stock [...]
This company is the biggest winner from the Metropolitan Police’s huge police body camera roll out October 17, 2016 Some 22,000 police officers across London will start being equipped with body cameras from today, more than any other city in the world – and one company will be the big winner. The Metropolitan Police will begin rolling out the technology to 22,000 front line officers across London's 32 boroughs after a successful trial last year. The company supplying [...]
Five things Elon Musk’s mysterious delayed product launch could be October 17, 2016 Is there anyone as mysterious as Elon Musk on Twitter? The Tesla founder has sent analysts and investors into a frenzy of speculation after he posted a single, two-sentence tweet late last night. Moving the Tesla announcement to Wednesday. Needs a few more days of refinement. — Elon Musk (@elonmusk) October 16, 2016 The news [...]
Here’s how HS2 and Hinkley could be delayed by Brexit October 17, 2016 Some of Britain's biggest infrastructure projects could face serious delays as a result of Brexit, the country's top engineers have warned. The engineering industry, which contributes £280bn to the economy, has said that a restriction on access to skills could delay the building of major infrastructure projects such as HS2 and Hinkley Point C power station, [...]
London can become home of the ‘decacorn’ – and create its very own Apple, Google or Facebook October 17, 2016 If 2015 was the year of the unicorn, 2016 has been the year of the decacorn. Supercell, a Finnish game developer, earlier this year became Europe’s first ever $10bn (£8.2bn) technology company. Even a few years ago, commentators did not believe the European technology sector could achieve this milestone. Now, it is evident that London [...]
Wearable health tech firm Dexcom will redefine what is possible in managing personal healthcare October 17, 2016 | City Talk Digital healthcare has emerged as one of the central tenets of what’s been described by the World Economic Forum as the fourth industrial revolution. Technology has the ability to transform not only clinical diagnosis and treatments, but also empower individuals to take greater control over their own health. Take the subject of diabetes management. In [...]
City PM talk with Bink cofounders Lee Clarke and Greg Gormley about resuscitating the loyalty marketing industry October 17, 2016 The road to a cashless society has been a fairly smooth one so far – the ubiquity of contactless payments and online shopping have made it so. But where cash may have once made your wallet bulge, often the weight has been replaced with a deck of loyalty cards. Before we’re quite done eradicating cash, [...]
