Tessa Jowell forms business group with former trade minister Mervyn Davies to make London the tech capital of the world July 16, 2015 How can London become the tech capital of the world? That's the question being put to business leaders including former trade minister Mervyn Davies, National Express chairman Sir John Armitt and London Chamber of Commerce chairman Mark Adams today. The group, which has been set up by mayoral hopeful Tessa Jowell, also includes [...]
Blockchain boss Eddy Travia on Coinsilium’s IPO: Why I chose to float a FinTech business in London July 15, 2015 Whilst the bitcoin price may have stolen some headlines during the Greece negotiations it is the underlying technology, blockchain, that is really making waves across the financial world. Last year $330m (around £211m) flowed into bitcoin and blockchain companies, and in the first half of 2015 $373m was invested into the same space, bringing the [...]
Tech London Advocates’ Russ Shaw: Why transparency on pay will help, not hinder, London’s tech sector July 15, 2015 The Prime Minister's plans to force firms to publish average salaries of male and female employees has been met with reluctance from many within the private sector but it has kept the spotlight firmly on diversity and talent within British business. Within the technology sector, this continued focus from government and business leaders is [...]
Blockchain company Coinsilium will IPO on London’s Aim July 14, 2015 A London-based startup which invests in the technology behind digital currency bitcoin intends to float on London’s junior market in the first IPO of its kind. Blockchain investment company Coinsilium will become the first blockchain company to go public, as the burgeoning technology gains attention from high-profile investors such as Richard Branson, Paypal co-founder Peter Thiel and [...]
Cisco is making $1bn investment in UK tech including $150m IoT startup venture backing July 9, 2015 Cisco is making a major long-term investment in UK tech with $1bn of investment and the creation of hundreds of jobs. The tech company which already employs 7,000 people in the UK – its biggest market – is also eyeing up acquisitions here, continuing a spree that has seen the company buy up five tech [...]
Optimal Payments share price rockets on optimism over Skrill takeover July 3, 2015 Shares in online payments provider Optimal Payments rocketed by more than 11 per cent this morning, after it told investors the long-awaited reverse takeover of rival Skrill would be complete by the end of the month. Read more: Optimal Payments aims for the main market after Skrill buyout In a trading update issued to the London [...]
Barclays cheque scanning tech leaves other banks in the past July 2, 2015 Barclays customers are ahead of the curve when it comes to financial technology, as the bank’s secure cheque-scanning service was made available to all smartphone customers yesterday. Cheque imaging, which iPhone-owning Barclays clients have been able to use since last year, allows anyone using their banking app to pay a cheque into an account [...]
UK tech sector receives record funding, and it’s largely thanks to London FinTech July 2, 2015 UK technology startups received a record amount of funding in the first six months of the year, according to figures from London & Partners. Read more: It's official – London's the capital of European tech Between January and June, the sector managed to attract almost £900m in venture capital investment, which compares to a [...]
Banco Santander and Monitise partner on a London-based £20m FinTech fund July 1, 2015 One of Europe's biggest banks and one of London's most successful Financial Technology startups are joining forces to invest in technology companies that will disrupt the global financial services sector. Banco Santander and Monitise are partnering on a new fund worth up to £20m that will seek out investments in the burgeoning FinTech sector. The equally [...]
My vision as City minister: I want UK finance to be the world’s most competitive June 30, 2015 During my two decades in the financial services industry, I always enjoyed the important annual events that bring the industry together. It was great to be back at The City UK’s conference yesterday, speaking this time in my new job as the government minister responsible for financial services policy. I’m proud of the [...]