Marks & Spencer pushes further into tech as high street giant extends 15-year old pact with Flooid July 18, 2022 UK high street retailer Marks & Spencer confirmed this morning it has extended its agreement with Flooid for the provision of store point-of-sale and unified commerce platform basket services for up to another five years. Flooid, formerly PCMS Group, agreed with Marks & Spencer in 2007 to supply software to run point-of-sale and self-checkouts across [...]
From translations to chatbots: The future has arrived as UK firms rush to implement artificial intelligence July 17, 2022 It seems the future is knocking as more and more UK businesses are actively looking to implement artificial intelligence, with solutions such as speech recognition, machine translations, chatbots and sentiment analysis being the key drivers. Many businesses are opting to take a low- or no-code approach to implementing artificial intelligence solutions into their operations, according [...]
Branson backs London fintech Lightyear in $25m round July 14, 2022 Richard Branson has thrown his weight behind London fintech firm Lightyear today in a $25m funding round that has fuelled the firm’s expansion into Europe.
Experian looks to full year targets after growth in first three months of 2022 July 14, 2022 Credit reporting firm Experian experienced a growth in revenue during the first three months of 2022 despite a decline in consumer confidence in the UK and north America. The world’s largest credit data firm reiterated its bid for full year targets as it announced 14 per cent group revenue growth in the UK and Ireland, [...]
UK startup firm Codebase to receive £42m in public money to launch network of tech hubs July 13, 2022 A British tech company is being given up to £42m from the Scottish Government to create a network of tech industry hubs. Codebase is being given the contract, which is described as one of the government’s largest ever investments in entrepreneurship. The hubs are designed to allow start-up businesses to scale up and access advice [...]
Mode Global raises £2m as it looks to recover from cashback controversy July 13, 2022 Crypto firm Mode Global said it had raised £2m today as it looks to get back on the front foot after a crypto cashback scandal last year.
UK fintech Zepz pushed back IPO plans amid accounting issues July 13, 2022 UK fintech firm Zepz was forced to delay its initial public offering plans after being hit by accounting difficulties and churn in its senior team, according to reports today.
Chicago Mayor: Brexit could be ‘real opportunity’ to forge closer ties with London July 13, 2022 The Mayor of Chicago said Brexit could be a “real opportunity” to forge closer ties with London today as she looks to court fintech firms on a trip to the Capital this week.
Exclusive: Oxylabs CEO on why controversial web scraping is coming out from the shadows July 12, 2022 The world’s largest and most progressive companies depend on web scraping, a technology that allows large-scale public online data gathering. Web scraping allows them getting deep knowledge of the market they are operating in, it is behind the competitor analysis and even influences product assortment. However, the potential of web scraping remains untapped – many [...]
Plus500 profits soar as bosses hike full year guidance July 12, 2022 London-listed fintech Plus500 said it was expecting annual revenues and profits to sail past market estimates today after a bumper period in the first half of the year boosted by market volatility.