UK insurers face ‘data quality’ obstacles in AI adoption September 9, 2025 British insurers are facing a bigger AI obstacle than expected, as poor quality data is preventing underwriters from accelerating adoption. A new report by tech firm CI&T, in collaboration with Reuters Events, revealed that nearly three-quarters (72 percent) of underwriters identified fragmented and unstructured data as the primary barrier to AI transformation. The next top [...]
UBS invests in AI data platform amid financial services shift August 21, 2025 UBS, the world’s largest wealth manager, has announced an expansion of its partnership with enterprise AI platform provider Domino Data Lab, which includes a new equity investment. The move signals the bank’s focus on scaling AI across its operations, though it emphasises the need for robust governance and risk management to ensure a responsible rollout. [...]
Databricks rides AI boom to $100bn after new funding August 20, 2025 Analytics platform Databricks has sealed a fresh funding round that is set to catapult its valuation over $100bn. The data and AI heavyweight has signed a term sheet for Series K Funding – a type of advanced, late-stage financing – which is expected to close shortly. Whilst details of the raise have not been disclosed [...]
Market ‘overreaction’ damaged LSEG’s valuation, analyst says August 15, 2025 The London Stock Exchange Group (LSEG) has faced a valuation battering after a market “overreaction” to woes in its desktop analytics division, one analyst has said. LSEG has lost £8bn in market valuation so far in the third quarter, as concerns spiked over its Workflows business, which provides software and desktop solutions for financial professionals. [...]
Hundred: ECB under fire over opt-out data transfer cut-off date August 15, 2025 Hundred organiser the ECB has come under fire for forcing fans to opt-out of having their data transferred to new franchise owners. At least 49 per cent of each of the eight Hundred franchises have been sold to overseas investors, with some teams selling a majority shareholding. And with it, as is common with ownership [...]
Ordnance Survey: Financial services firms help boost sales to new record August 5, 2025 Profit at Ordnance Survey has slipped despite its revenue jumping to almost £200m during the historic company’s latest financial year. The Southampton-headquartered business, which traces its roots back to the reign of George III, has posted a pre-tax profit of £17.6m for the 12 months to 31 March, 2025, down from the £22m it achieved [...]
Inaccurate crime rate statistics have gaslighted the British public August 5, 2025 The UK government knows very little about the people it governs. From crime rates to the labour market, this has real consequences.
Why oh why are we still debating open banking in the UK? July 22, 2025 Open banking needs urgency – not more debate, write John Glen, three years on from opening the conversation as City minister.
What WeTransfer’s terms of service backtrack tells us about AI, data, and digital trust July 19, 2025 Earlier this week, Dutch file-sharing platform WeTransfer found itself in the crosshairs of an increasingly familiar story: AI ambition colliding with user trust. A subtle but potent tweak to its ‘terms of service’ – a clause suggesting user files might be used to “improve performance of machine learning models” -triggered feelings of unease through its [...]
Experian: UK revenue stalls as global growth surges July 15, 2025 Experian delivered a strong first-quarter performance for 2025, with total revenue up 12 per cent and organic growth hitting eight per cent – at the top end of the company’s guidance. But while the global data and technology giant posted strong numbers across North America, Latin America and EMEA, its home UK market continued to [...]