Revolut lands fresh banking licence after wrestling with Europe friction August 10, 2026 Revolut has been granted a new full-fat banking licence with approval from the European Central Bank following previous friction with the prudential regulator. The $75bn fintech giant – which is currently undergoing a secondary share sale expected to value it at $115bn – revealed on Monday its European arm will accelerate its continental push under [...]
Starling plans to ‘come out swinging’ in diversification bid August 6, 2026 Bernadette Smith has a spring in her step as she sits down in Starling’s headquarters to discuss her new role. The fintech’s new banking boss is buzzing with energy that she wants to pass onto customers and investors. “I want everyone to be talking about us,” she says, envisaging how she will measure success in [...]
Kemi Badenoch: AI firms ‘won’t come here’ if Britain overregulates July 7, 2026 Kemi Badenoch has warned Britain risks driving away the next generation of AI giants unless it lowers industrial energy costs or fixes London’s capital markets, arguing the UK cannot regulate its way to becoming a global tech leader. Speaking at the Politics UK Summit in Westminster on Monday evening, the Conservative leader said Britain was [...]
‘Too much tax, too much regulation’: Fintech chief sounds alarm on UK economy and IPO market July 7, 2026 The boss of one of the UK’s fastest-growing fintech unicorns has warned the country risks “putting founders off” with overregulation and heavy taxation as speculation rises that the Labour government could make a major lurch to the left. Paul Taylor, who founded banking software firm Thought Machine in 2014, told City AM he feared UK [...]
Badenoch sets sights on battle with the Bank June 24, 2026 The City is in the mood for a regulatory bonfire and Kemi Badenoch hopes to be the one to light the flame. In this week’s column, Samuel Norman looks at the roadblocks she may face on her pursuit. “Don’t forget about Andrew Bailey.” That was the parting shot I got from a former Bank of [...]
Banks ‘not ready’ for motor finance scheme, says City watchdog June 9, 2026 The City watchdog has warned that motor finance lenders are “not as ready as we would expect” for the introduction of its long-awaited redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), has written to the Treasury Committee following inquiries around the legal challenges to its car mis-selling scheme. The regulator published [...]
‘We’ve got lots of things going for us America doesn’t’: Sadiq Khan on competing with Silicon Valley June 8, 2026 Sadiq Khan has claimed that shifting political dynamics in the US are actively driving tech talent and venture capital to the UK, arguing that London possesses structural and cultural advantages that “America doesn’t” as he seeks to position the capital against Silicon Valley. The Mayor of London announced a new £12m investment programme on Monday [...]
The AI Summit London turns 10 as businesses move past the AI hype cycle June 3, 2026 A decade ago, AI conferences were still largely populated by researchers and a relatively small group of technologists trying to convince businesses the technology would eventually matter. But this year’s AI Summit London arrives in a very different climate. The event, which returns to Tobacco Dock on 10 and 11 June as part of London [...]
Who is accountable when AI gets it wrong? May 21, 2026 AI operates across systems at a pace no human oversight function can match. So who's accountable when it goes wrong, asks Paul Loftus.
Starmer’s Europe reset risks strangling UK AI sector with EU regulation May 11, 2026 As the prime minister scrambles to save his premiership Keir Starmer has vowed to position the UK “at the heart of Europe” – but his pledge risks reigniting fears that closer EU ties could undo the UK’s AI advantage. In today’s speech, aimed at rescuing the prime minister’s position after bruising local election losses, Starmer [...]