Softbank is to sell a majority stake in the Chinese arm of Arm Holdings for $775.2m June 5, 2018 Arm Holdings, the British chip designer owned by Softbank Group, has announced the upcoming sale of a majority interest in its Chinese semiconductor design unit for $775.2m (£580.3m). The company is selling 51 per cent of its Chinese business, Arm China, and will cede control of the unit following the sale. Arm Holdings intends to [...]
Fintech unicorn Transferwise partners with first major European bank BPCE, gaining 15.1m new customers June 4, 2018 Out with the old and in with the new: digital money transfer service Transferwise has partnered with Banques Populaires’ and Caisses d’Espargne (BPCE), France’s second largest bank, to integrate its API directly into BPCE’s banking apps. Set to go live at the beginning of 2019, the partnership between Groupe BPCE, its international banking arm Natixis [...]
One in five EU consumers have shopped using a voice assistant like Apple’s Siri or Amazon’s Alexa June 4, 2018 While 87 per cent of US consumers are aware of voice and text aides, the European Union is miles ahead on adopting new technology from the likes of Apple, Amazon and Microsoft to carry out their daily buying needs. According to research carried out by Mastercard, 21 per cent of consumers in the EU have [...]
How the founder of Push Doctor hopes to take the stress away from the NHS June 4, 2018 Nowadays, it’s rare to hear any mention of the NHS without the word “crisis” trailing closely behind. Increasing patient numbers and the worst winter period on record have left the NHS bowing under the pressure. A recent report from the Institute of Fiscal Studies and the Health Foundation said taxes would have to increase by [...]
Rakuten-backed digital money transfer service Azimo raises £15m Series C May 29, 2018 Azimo, a digital money transfer service based in London and Krakow, has raised a $20m (£15m) Series C financing round, led by Rakuten Capital, the investment arm of Japanese innovation giant Rakuten Inc. Other investors participating in the round included e.ventures, Frog Capital, GR Capital Partners, Greycroft Partners, MCI, Quona Capital and Silicon Valley Bank, [...]
Tandem Bank hits 100,000 user milestone, after troubled year comes to an end May 29, 2018 It seems another digital bank is on the rise, as Tandem has today announced hitting 100,000 customers just three months after launching its first product. Though the number represents just registered users and not active customers of the banking app, Tandem has said that it sees approximately 82 per cent of that number using their [...]
Contactless payments for London buskers to be launched by Izettle and Sadiq Khan May 28, 2018 In what is posed as a world-first, a contactless payments scheme for busking performers is to be rolled out across the streets of London. Backed by the Mayor of London’s office and powered by fintech commerce firm Izettle, performers in London will soon to be able to receive tips and payments for merchandise via contactless [...]
Micro Focus bosses buy shares after price collapse March 25, 2018 Five Micro Focus board members bought nearly £700,000 worth of shares in the technology company following a steep drop in its share price last week. Stock market filings show that Micro Focus board members bought £694,342 worth of shares in the company on Wednesday and Thursday last week following a dip in its share price. [...]
AI research company is making a plan for how Mayor of London Sadiq Khan can promote AI in London March 22, 2018 Mayor of London Sadiq Khan hired London-based artificial intelligence research group CognitionX to plan how the city can best harness AI. Khan said he believes that London is already in a strong position in the data economy, so he wants CognitionX to produce a report that outlines how AI can positively progress the city’s policies [...]
The Bank of England is setting up its own fintech hub March 22, 2018 The Bank of England (BoE) will set up a fintech hub to monitor developments that could help boost the UK's weak productivity levels. "We have set up a new fintech hub that will sit at the heart of the Bank, to consider both how the Bank understands and how it applies fintech, relevant to its [...]