UK tech firm numbers double in two years – with London start-up growth lower than nearly all other regions February 22, 2023 The number of newly-created UK tech firms is up by a fifth, with London marginally below the national average. There were 46,474 new tech companies created in Britain in 2022, up from 38,240 in 2021. Based on data from Companies House, the uptick in registrations of new firms is almost double that of 2020, when [...]
Tech Nation’s fall must not mean the end of UK’s global talent visa February 1, 2023 The future of Britain’s global talent visa – otherwise known as the tech visa – is in doubt after the winding down of Tech Nation. It shouldn’t be. One of the successes of Britain’s transition out of the European Union has been the professional side of the immigration system. The transition for those seeking ‘settled [...]
Banks struggle with digital transition as new data shows 10 per cent of customer records are duplicated January 30, 2023 Major banks are struggling to manage their digital records as new data shows that around ten per cent of customer records are duplicated. Quantexa, a data analytics firm, asked 356 IT and data experts working in the UK, USA and Canada how many customer records were duplicated in their respective sectors. In the banking industry, [...]
Q&A: Fintech boss Janine Hirt on how London can stay ahead of EU rivals January 26, 2023 Fintech is an increasingly vital part of the UK’s financial ecosystem – so it’s high time to chat with Janine Hirt, the CEO of industry body Innovate Finance, on the challenges that come with keeping the UK out in front of Europe While the UK has historically been a global leader in FinTech – receiving [...]
How intelligent automation has become a mainstay of financial services, and what it means for private banking January 25, 2023 The increasing levels of automation in private banking reflects a need to move into the digital age, but it also brings with it challenges. City PM sat down with specialist Mark Bruce, chief executive of of Britannia Financial Group to find out how intelligent automation and artificial intelligence is impacting the sector. Mark, why don’t [...]
Fintech Scaling Show Podcast: The Evolution of Fintech in 2023: In Conversation with GFA Exchange with Joel Blake January 24, 2023 | Sponsored In recent years, fintech has taken the centre stage in helping facilitate an inclusive financial ecosystem, with far-reaching digital solutions that have the potential to unlock the nearly two billion people worldwide who are excluded from formal financial services. In this informative and thoughtful podcast, Joel Blake OBE, Founder & CEO of GFA Exchange sat [...]
The fintech bubble may have burst, but these investment bankers are bullish January 17, 2023 Slashed valuations, mass layoffs, a funding drought and shuttered IPO market. For most, 2022 won’t be remembered as a stellar vintage for the fintech sector. But it wasn’t all doom and gloom, according to new analysis from investment bank Peel Hunt. A new note from the firm today says the spectacular bursting of the fintech [...]
Open banking enters ‘new phase’ after CMA rules six major banks fulfil requirements January 12, 2023 Open banking has entered a “new phase” after the Competition and Markets Authority (CMA) determined that the six largest banks in the UK have implemented the requirements of the open banking roadmap. The open banking trustee advised the CMA on Monday that Barclays, HSBC, Lloyds, Nationwide, NatWest and Santander had implemented the remaining roadmap items. [...]
EXCL – Tech investments increasingly casualty of recession and skills shortage January 10, 2023 More than half of UK business leaders believe their companies’ digital platforms – such as websites, apps and customer-facing tech – fail to stand out against competitors, with almost half ready to invest in making improvements in 2023. However, according to the data that was shared exclusively with City PM today, significant hurdles and concerns [...]
Tech chiefs demand pragmatism while retail CEOs go for enthusiasm and City finance bosses value a vision January 9, 2023 As 2023 gets underway the World Cup in Qatar is fast becoming last year’s news. However, for Chris Watt, Managing Partner at ECI Partners, it would be wise for City chiefs to sit back and reflect on the tournament, as there are some lessons to be learnt. Leadership, vision and strategy being the keywords during [...]
