Former Marketinvoice boss raises $30m for fintech startup Complyadvantage, backed by Index and Balderton January 30, 2019 The fintech startup formed by the co-founder and former chief executive of London firm Marketinvoice has closed a $30m (£22.8m) funding round today, backed by Revolut investors Index Ventures and Balderton Capital. Complyadvantage uses artificial intelligence to analyse the risk of financial crime for some of the world’s largest banks. The startup will use the funding to [...]
AI has not yet spurred a productivity boom, but just you wait January 30, 2019 Nobel laureate Bob Solow pronounced 30 years ago that “you can see the computer age everywhere but in the productivity statistics”. At the start of the 1980s, the world entered the digital age. Fax machines transformed communications. The introduction of personal computers made high-powered computing available to all. But it took time to work out [...]
UK fintech Featurespace raises £25m in latest funding round led by Insight Venture Partners and Mission OG January 28, 2019 UK fintech firm Featurespace, a software company that specialises in behavioural analytics, has raised £25m in a funding round led by Insight Venture Partners and Mission OG. The funding, which is the largest amount the firm has raised to date, will be used to aid Featurespace’s international expansion and the development of the company’s artificial intelligence-led software. Featurespace, which currently [...]
London-based AI and emerging technology festival bags HSBC as lead sponsor January 25, 2019 An upcoming London-based festival of artificial intelligence, blockchain and emerging technologies has named global banking giant HSBC as its lead sponsor. CogX 2019, which takes place at the start of London Tech Week from 10-12 June, will also move to King’s Cross this year, and will feature 500 speakers, 300 startups and more than 15,000 [...]
DEBATE: Following reports of the Dyson relocation, is Singapore the new go-to place for tech? January 24, 2019 Following reports of the Dyson relocation, is Singapore the new go-to place for tech? Elsa Hu, director of Asia at GP Bullhound, says YES. Singapore has long been the headquarters of choice for Southeast Asian tech startups, due to its mature business ecosystem, proximity to two of the world’s booming economies, huge talent pool, and attitude [...]
Davos: Philip Hammond declares Britain ‘great place to do business’ after Brexit January 24, 2019 Chancellor Philip Hammond is to make a pitch for the UK’s post-Brexit business credentials in Davos today, as he announces £100m investment for British innovation. Hammond will tell business leaders gathered at the World Economic Forum: “Britain is a great place to do business. And we are determined, as we leave the EU, to make [...]
Failed tech startup Blippar to relaunch as Nick Candy’s venture firm comes to its rescue January 23, 2019 Property tycoon Nick Candy has bought up the remaining assets of failed technology startup Blippar after it collapsed into administration last month. Already a major shareholder in the business, Candy now owns the intellectual property assets of Blippar and its various brands, which his venture firm said would be deployed into a new business. Blippar's chief [...]
Ranked: The UK’s 25 best jobs to apply for in 2019 January 23, 2019 While Londoners may dream of becoming high-flying chief executives, or even solitude-seeking novelists after years of commuting, the best job going is actually that of a humble audit manager, according to new data released today. The back office role topped recruitment site Glassdoor's list of the UK's 25 best jobs in 2019 based on its salary, how [...]
This is the year for businesses to find their purpose in life January 22, 2019 One year ago, BlackRock chief executive Larry Fink called on businesses to define their societal purpose, sending a message to the corporate world that working towards profit alone was no longer good enough. Last week, Fink’s push towards purpose was in the papers again, when a hacker concocted an elaborate hoax in the form of [...]
DEBATE: Is there any point to the annual WEF summit in Davos? January 22, 2019 Is there any point to the annual WEF summit in Davos? Bill Michael, chairman and senior partner of KPMG in the UK, says YES. Elements of the World Economic Forum (WEF) do raise an eyebrow. From the setting in the Swiss Alps to the A-listers in attendance, it can seem like the last bastion of global [...]