News

Monzo reports first annual profit since launch

Monzo has reported its first annual profit since launching nearly a decade ago. The London-based fintech has benefited from higher interest rates and growth in transaction fees and subscriptions.

Unruly Capital Launches Venture Capital Dashboard, Setting New Transparency Standard

Unruly Capital, a venture firm committed to breaking conventions and supporting futuretech, has launched its new Venture Capital Dashboard. This tool provides unmatched insight into their investment activities, setting a new standard for transparency in the venture capital industry.

SMEs urged to register complaints before BBRS closes on 13th December 2024

Eligible SMEs with a business banking complaint were urged to register their complaint ahead of the Business Banking Resolution Service (BBRS) closing to new registrations at midnight on 13th December 2024. SMEs with unresolved eligible complaints against their bank were advised to contact the BBRS to see if it could help.

Applications open for South Yorkshire’s cooperative tech accelerator

Venture.Community, an industry network for technology companies and entrepreneurs, is now accepting applications for its pioneering South Yorkshire startup accelerator programme.

DigitalOcean’s Cloudways launches Malware Protection add-on to combat increased malware attacks

DigitalOcean, the developer Cloud optimised for startups and growing technology businesses, announced the availability of Cloudways’ new Malware Protection add-on, which simplifies malware detection and protection.

Report urges UK tech companies to capitalise on Japan’s drive to embrace AI

Japan is investing heavily in artificial intelligence (AI) technologies to increase the competitiveness of its businesses and close the gap with rivals the US, EU, and China.

BetaDen Welcomes Four New Partners to Support Tech Innovation

BetaDen has announced four new partners for the eighth cohort of Accelerate, its award-winning programme for technology businesses, which begins on 4th June.

Time is ticking on financial inequality

For the first time ever, women are taking the streets of London to shine light on financial gender inequality. How? By placing an enormous hourglass in the heart of London, where time is money, visualising how time is ticking on the issue.

EU Establishes AI Office to Oversee Implementation of Landmark AI Act

The EU announced the establishment of a dedicated AI office, created to play a pivotal role in implementing the landmark AI Act.

Data analytics and AI: the powerful combination to manage talent and improve team wellbeing

After the economic dynamism recorded at the end of the pandemic, we are currently in a period characterised by question marks. Geopolitical conflicts, rising energy and labour costs, increased tax pressure and staff shortages, among other factors, have had an impact on the business ecosystem. According to CEOE data, in order to face these challenges, 81% of organisations are betting on digitalization, with the purpose of reducing costs and increasing competitiveness. A fact that also has an impact, to a large extent, in the field of human resources, responsible for retaining and attracting talent, a driving force for all companies.

IOEE Launches Enterprise Spark to Ignite Interest in Entrepreneurship Among Youth

The Institute of Enterprise and Entrepreneurs (IOEE) has announced the launch of Enterprise Spark, a programme designed to revolutionise entrepreneurship education for 16-18-year-olds.

UK Businesses Prioritise Tech Over Price in Flexible Workspaces

55% of businesses say they would pay a premium for a top-quality workspace.

Empowered Brands to roll out 200+ fit+ gyms in UK and Ireland

Empowered Brands, the Milton Keynes headquartered fitness franchise investor spearheading the growth of the UK’s leading gym franchise, énergie Fitness, and Australian-born, innovative boxing and strength training concept, UBX Boxing & Strength, has announced the signing of a master licence agreement with fit+, a German-based pioneer in staffless gyms with over 250 locations across Europe projecting 2024 turnover in excess of €30 million.

Gen Z financial literacy startup launches ‘Tinder for Money’ feature

Prograd, one of the leading financial literacy companies for Gen Z, has announced the launch of a new feature that promises to transform the way young people find side hustles this summer.
 

56% of young investors unlikely to seek asset and wealth management advice

Younger investors in the UK do not consider building and managing wealth a priority, according to a new survey conducted by Invessed in association with YouGov.

Ransomware, the top cybersecurity crime facing businesses

In recent years, the digital world has been immersed in a convulsive situation. Geopolitical conflicts, volatility in the world economy, changes in the executives of decision-making countries and the rise of exponential technologies, among other factors, have led to the creation of an uncertain global scenario where challenges and threats are increasing. In this respect, the digitalisation of industries and society as a whole has led to crimes also moving to a virtual format, with cyber-attacks being the main protagonists of this new paradigm.

Aerospace Xelerated Announces Startup Pitch Competition at Farnborough Airshow

Aerospace Xelerated (AX) announced it will run a pitching competition during this year’s Farnborough International Airshow (FIA) on 25th July. The winning startup will receive a prize of £5,000, six months of mentorship from the AX team, and exclusive exhibition space for the 2026 Farnborough International Airshow to help them grow their business. The second-place winner will receive a prize of £2,500 and three months of mentorship.

Nearly two thirds of Chief Executives admit to suffering from tech imposter syndrome

The majority of UK Chief Executives are experiencing tech imposter syndrome in the boardroom, with nearly two-thirds (64%) admitting they secretly feel out of their depth when it comes to digital skills.

AI Stylist Solves the Eternal Issue of Matching Clothes for Perfect Outfits

The eternal “nothing to wear” dilemma arises from having a wardrobe filled with up to 88% of clothes that go unworn throughout the year, according to Movingo. Style DNA, a company in image consulting tech, unveils its brand-new AI Stylist Assistant to address the issue.

TIS presents the three levers of tourism competitiveness: AI, sustainability and Data

If there is one element that we can no longer discern from any industry, it is technology. Its implementation has generated a true revolution that has also reached the travel and tourism sector. A transformation that is analysed every year at Tourism Innovation Summit (TIS), the technological event for the tourism industry, which returns in 2024 to Seville, Spain, from 23 to 25 October to learn about the latest traveltech trends from the world’s leading experts in the field.