Europe

Stolen credentials the leading cause of cyberbreaches in 2023 

Stolen credentials through phishing attacks were the most common cause of cyberbreaches among UK businesses last year, a new study has revealed.  Cybersecurity firm IDEE commissioned an independent survey of more than 500 IT and cybersecurity...

The cost of Internet failures to UK businesses 

UK businesses lost over 50 million hours and £3.7 billion due to Internet failures in 2023, according to a new report from Beaming, a specialist business ISP. Reliance on connectivity for trading and operational activities has increased among...

Matalan launches groundbreaking GenAI tool to drive online sales in UK first 

Kin + Carta has created a Generative AI and Large Language Model (LLM) tool for UK retailer Matalan, which allows it to create detailed product descriptions for new items as they are added to its online inventory.  Developed and delivered in only three...

The race for ‘FinTech’ status: Tech jobs up +88% in London’s banking sector 

Technology-based job vacancies within London’s financial services space are up in the capital by +88% in 2024 compared to 2023’s monthly average as the race between traditional banks and FinTech rages on.   According to an upcoming...

Over half of employees feel embarrassed about their financial literacy, survey reveals 

More than half of UK employees (51%) are embarrassed about their level of financial literacy, according to a new survey by leading employee benefits and engagement partner, Pluxee UK.  In the midst of rising living costs, the current UK workplace has...

Zilch selects Checkout.com for global acquiring

Zilch, the world’s first ad-subsidised payments network (ASPN), has announced it has selected Checkout.com, the digital payments solution provider, as its primary acquiring partner globally, with a particular focus on the UK and USA. With its payments...

EU Listing Rules need to offer more effective support for SMEs, investment industry surveys find 

Following the political agreement between the European Council and European Parliament on the EU Listing Act, a new report by CFA Institute and BETTER FINANCE finds that investment professionals and retail investors believe the listing package needs to...

Adyen finds the UK retail sector loses £11.3 billion to payment fraud annually 

Adyen, the global financial technology platform of choice for leading businesses, has published new research revealing the billions the UK retail sector loses to fraudulent activity annually.  Working alongside the Centre for Economic Business and...

Cambridge-based deep tech start-up Theia Insights raises US$6.5 million to bring foundational AI to the global investment community 

Theia Insights, a UK-based deep tech start-up launched by former Amazon Alexa scientist and solo entrepreneur Dr Ye Tian, has raised US$6.5 million. In another example of US venture capital looking to the UK for the most innovative technology companies, the...

Taking a closer look at Revolut’s latest crypto offering 

Revolut unveils Revolut Ramp, streamlining crypto purchases into MetaMask wallets. With over 40 million users worldwide, Revolut’s move signifies a major step in democratising crypto access. This integration not only simplifies transactions but also...

UK’s Investment Association warns of ‘trading bot’ risk to investors 

The UK’s Investment Association (IA) has warned investors about the risks of using ‘trading bots’ to make investment decisions. Speaking to the BBC John Allan, head of innovation and operations at the IA said investors should be more...

Abacus Group expands UK presence with Edinburgh office opening 

Abacus Group, a leading MSP to alternative investment firms, has announced the opening of a new office in Edinburgh to expand its research and development and customer support capabilities while leveraging local talent.   The new office is already...