From server rooms to boardrooms: Cyber crime issues must become top priority for UK bosses September 29, 2016 Cyber crime is big business. Attacks can come from opportunists, commercial rivals, terrorist groups, bored teenagers, organised crime and nation states. The goal could be anything from online vandalism to data theft or destabilisation. Faced with such threats, a new industry has emerged promising an array of state-of-the-art systems to keep your data and commercial [...]
Return on equity for the top global investment banks is falling. Here’s how they’re dealing with it September 23, 2016 Delegates from firms making their way to Geneva next week for the 2016 financial services Sibos conference will undoubtedly have a lot on their minds. Over the past few years the industry has been facing challenges on many fronts: continued and increasing structural costs, fast-changing regulatory reform, conduct issues and capital requirements, to name but [...]
The UK is second in the world for tech startup exits September 21, 2016 More tech startups in the UK went public or were acquired than in any other country in the world behind only the US at the start of the year, new research reveals. The high-profile acquisitions of Swiftkey by Microsoft and Magic Pony by Twitter helped send tech merger and acquisition (M&A) surging across Europe. Read more: Why companies like [...]
Thousands march in London to show support for refugees September 17, 2016 Thousands of people have attended a march in London today to urge the government to allow more migrants into the country. The march – "Refugees Welcome" – was joined by groups such as Amnesty International, Medecins Sans Frontieres, Save the Children and Oxfam. Together, we can #savechildrefugees. Such an incredible turnout in London today to [...]
City Moves for 15 September 2016 | Who’s switching jobs September 15, 2016 Benevolent.ai Benevolent.ai, a British artificial intelligence company, has appointed IBM Watson’s vce president of Watson platform; Jerome Pesenti as CEO of its technology division, benevolent technology. Jerome will also join the main board of the company. Jerome has been focused on big data and machine learning for the past 16 years. He joins benevolent.ai from IBM Watson where [...]
Britain must be boldly pro-enterprise to master the Fourth Industrial Revolution September 7, 2016 Business leaders and politicians gathered in Davos at this year’s World Economic Forum annual meeting were told a revolution had started. Not a bloody revolution, but an economic and strategic one, with its impact felt across every industry and every country. This unprecedented, disruptive fusion of digital, physical and biological technological developments has been dubbed [...]
A major insurance firm just joined this blockchain consortium August 31, 2016 The blockchain consortium R3 has signed up yet another new member, this time the major US insurance firm MetLife. The addition brings the number of members to more than 60 and it joins the likes of the biggest banks such as Barclays, HSBC and Goldman Sachs. The insurer will work with the other financial services [...]
10 London startups named the hottest in Europe August 31, 2016 Dinner delivery startup Deliveroo and and an artificial intelligence company acquired by Twitter have both been named among the hottest startups in Europe to emerge from London. Top entrepreneurs and investors from across Europe have chosen the startups, along with a further eight, to compile a top 10 list of the capital's newest tech companies making a name for themselves, [...]
Four ways working will change over the next 20 years August 30, 2016 Robots, the generation gap and increased employee demands are just some of the factors expected to change the workforce over the next 20 years, according to new research. The Future of the Workforce, a report commissioned by UBS Wealth Management, sets out the four main ways in which the workforce is "set to significantly change [...]
Mark Zuckerberg insists Facebook is not a media company August 29, 2016 Facebook is a technology company, not a media company, despite a move towards live video, working closely with traditional publishers and a recent furore over trending topics on the platform. Speaking at a live question and answer session in Italy, Mark Zuckerberg said Facebook is providing the tools for people to be able to share information but is not itself [...]