This UK startup using AI for compliance just raised millions October 13, 2016 A UK tech startup which uses artificial intelligence to ensure compliance rules are followed by financial firms has raised millions of pounds from top investors. ComplyAdvantage has raised $8.2m (£6.7m) in a series A round of funding led by Balderton Capital to fuel expansion into the lucrative US market. The regulatory tech firm, or regtech (an offshoot of [...]
Experts react to the Cridland report on the state pension age October 13, 2016 The former director-general of the Confederation of British Industry, John Cridland, today published an interim report into the state pension age for the department of work and pensions. The report's 100 pages covered a lot of ground and although it shied away from making firm recommendations, it may gave an indication into how the government plans to [...]
A government commissioned report unveils a series wide-ranging ideas for shaking-up the state pension October 13, 2016 The state pension age could be set to rise further after the former director-general of the Confederation of British Industry issued his provisional findings to the government. John Cridland today issued an interim report on the state pension age and although it fell short of making specific recommendations, the report gave a steer to the department for work and pensions (DWP) [...]
The “forgotten middle” is essential for creating Britain’s truly digital workforce October 13, 2016 The pace of innovation in technology is as exciting as it can be daunting. While the "digital native" generation seems to have little trouble keeping up with new tech developments, a lack of investment in digital skills is fostering a society of "digital consumers" rather than "digital creators". Last week, secretary for culture, media and sport Karen Bradley [...]
Face-to-face meetings boost London’s economy by £54bn a year October 13, 2016 The London economy receives a boost to the tune of £54bn a year from businesses conducting face-to-face meetings when trying to secure business, new research shows. When a London-based company conducts an in-person meeting with another business or client, it stands to gain an average income boost of £248,100 per year and £54bn across the region, [...]
The British Chambers of Commerce has finally found someone to replace John Longworth as director general October 13, 2016 Remember John Longworth, the director general of the British Chambers of Commerce (BCC) who stepped down after he came out in favour of Brexit? Well, after more than six months without an official boss, the BCC has finally named his replacement – it's Adam Marshall, the man who has been acting director general all along. Marshall, who [...]
EY reaches settlement over long-running $7.3bn Nortel Networks bankruptcy saga October 13, 2016 A settlement has been reached in the long-running global insolvency of Canadian telecoms giant Nortel Networks' European-based companies. Three groups of creditors, including 33,000 UK pensioners, Canadian pensioners and US bondholders, had been unable to agree who gets what from the $7.3bn (£6bn) to be distributed since the company’s collapse seven years ago. The battle has been over [...]
Avoid a staff gaffe: Take on top talent the easy way October 13, 2016 In spite of the most pessimistic predictions about UK business post-Brexit, our unemployment rate continues to fall far quicker than the rest of the EU, with some 31.77m people in work at last count – 559,000 more than a year earlier. The warnings of businesses cutting their workforce back have so far been proven wrong and [...]
Looking for a bit on the side? These are the UK’s best-paying part-time jobs October 13, 2016 Looking for a bit of extra cash, or just want to reduce your hours? You're not alone – the number of people doing part-time jobs has jumped in recent years. But now a study has found the best-paid part-time jobs – and it turns out teaching really is a rewarding career. According to Glassdoor's analysis, university [...]
Smoke and mirrors: Who’s responsible for greater transparency in equity crowdfunding? October 13, 2016 What's in store for crowdfunding now? The FCA has reached the final stages of its latest review of the rules governing the sector, and this comes at a critical time in the cycle, when many deals are starting to conclude (and failures are becoming painfully apparent). Moreover, investment volumes have fallen for the first time [...]
