The collaboration between ACE Money Transfer, an international financial service provider, and Trustly, a company in global open banking payments, has transformed the remittance landscape. Customers have benefited from this partnership through personalised remittance experiences featuring competitive exchange rates, low transfer costs, and enhanced security.
The Hustle Awards 2024 saw the startup industry come together to celebrate some of the brightest talent the startup ecosystem has to offer.
Embracing emerging technologies is no longer sufficient to distinguish oneself in the financial services sector. Artificial intelligence has become the benchmark for innovation, with 91% of financial services companies either already implementing or planning to introduce AI solutions.
MACH37, the accelerator for information security entrepreneurs and cyber startups, has announced it is now accepting applications for its Autumn 2024 Cohort. Established in 2013, MACH37 has played a pivotal role in the early-stage startup and tech ecosystem.
The First Tier Tribunal Tax Chamber recently released rulings including the interesting case of Get Onbord Limited (GOL) vs The Commissioners for HMRC, an R&D tax relief claim. The favourable ruling for GOL has the potential to significantly reshape the R&D landscape for SMEs in the UK software development sector, steering HMRC to adopt a more inclusive and flexible approach to assessing the activities that qualify as R&D for tax purposes.
Definely, a LegalTech firm based in the UK and dedicated to simplifying legal documents, has announced a strategic investment from Raine Ventures, the venture arm of US investment firm The Raine Group.
DeepL, a global Language AI company, has announced the launch of its next-generation language model, powered by a highly-specialised LLM technology built specifically for translation and editing.
The financial services industry has long been defined by the stability and reliability of traditional institutions such as banks and insurance companies. These organisations have built their reputations on decades (sometimes centuries) of trust, conforming to strict regulatory standards to ensure customer protection and economic stability.
Demand for Cloud computing skills is at an all-time high, and 59% of medium-sized enterprises purchased Cloud computing services last year.
Samsung Electronics has acquired Oxford Semantic Technologies (OST), an Oxford University spinout known for its advanced AI applications using Knowledge & Reasoning. Founded in 2017 by professors Ian Horrocks, Boris Motik, and Bernardo Cuenca Grau, OST specialises in knowledge representation and semantic reasoning.
Element Materials Technology (Element), a global player in materials and product qualification testing, inspection, and certification services, recently unveiled the 18-month development journey of RegNav, its AI-driven regulatory intelligence platform for medical devices. This behind-the-scenes glimpse reveals Element’s innovative approach to tackling significant industry challenges through cutting-edge technology.
The UK is poised to make history in Europe as the first nation to commercialise lab-grown meat. Regulatory approval has been granted for chicken cultivated from animal cells, developed by the startup Meatly, to be used in pet food.
Early employees from tech unicorns Canva and Spotify have joined Wondercraft, the AI-powered “Canva for Audio” platform, just months after its Beta launch.
Every few decades, new technology emerges with the promise to transform the modern business landscape. Looking back on some recent highlights, we had the Internet, we had mobile and cloud computing, we had big data and analytics. Right now, we have artificial intelligence (AI) – and it looks set to deliver on its promise.
Startup Adam, now operating in nine UK cities, is revolutionising the way customers find reliable and affordable tradespeople, eliminating long waiting times and uncertain pricing. The company is embarking on a new growth phase, bolstered by a €3 million investment from British Brighteye, a prominent European edtech venture capital fund, in a late-seed funding round.
wamo, a digital business account provider for SMEs, has announced the successful closure of a $5 million bridge to Series A growth funding round. Additionally, the company secured an EU Electronic Money Institution (EMI) licence from Finland’s Financial Supervisory Authority (FIN-FSA), positioning it for accelerated expansion across Europe.
Cloud accounting software facilitates online accounting and securely stores information in the Cloud, making it accessible to designated individuals anywhere, at any time.
In the ever-evolving world of startups, the phrase “Empowered women empower women” holds profound significance. It encapsulates the spirit of mentorship, inspiration, and the transformative power of shared experiences.
I’ve worked for brands like Nike and Disney-here are the five biggest mistakes startups make with their branding.
