Alastair Lukies: AI is humanising tech and will positively impact us all Opinion Fintech pioneer Alastair Lukies takes us through his career, from Monitise to his new AI endeavour, in this week's Square Mile and Me.
Monitise share price dives as chief executive Elizabeth Buse steps down after six months Shares in troubled tech group Monitise tumbled by more than 27 per cent to 4.2p in the first minutes of trading, as it announced chief executive Elizabeth Buse will step down after just six months running the show. In a statement today, Monitise said Buse will step down today "due to her desire for personal [...]
Monitise share price plummets as Visa announces plans to cut its stake Shares in mobile payments company Monitise plummeted 21 per cent to 7.8p as the market opened this morning, as one of its backers announced plans to cut its stake. In a statement to the stock exchange, Monitise said it had been notified by Visa, which owns 5.3 per cent of the company, that it planned [...]
Monitise steadies business by cutting costs and stems outflows July 6, 2015 Troubled tech group Monitise has cut costs and stemmed outflows as management attempts to steady the ship after a rocky year. The figures: Monitise has forecast revenues for the year to June 30 to reach £88-90m, thanks to “materially lower” operating and capital expenses in the second half. As a result, second half losses [...]
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 [...]
Monitise share price falls as founder Alastair Lukies exits and sale option is ditched March 25, 2015 Monitise shares tanked 17 per cent in early trading as the British tech firm took itself off the market and revealed its founder and co-chief executive is exiting. Alastair Lukies is stepping down, leaving Elizabeth Buse as sole chief executive, although he will remain as a strategic adviser. At the beginning of the year, the struggling Aim-listed [...]
Suitors circling as losses widen at UK’s Monitise February 17, 2015 INVESTORS in struggling mobile transactions firm Monitise spotted a ray of hope in the firm’s interim results yesterday as it reported “constructive” discussions after putting itself up for possible sale last month. Shares surged 16.28 per cent despite Monitise reporting an 8.8 per cent slump in revenues to £42.4m and wider losses of £58.4m during [...]
Monitise share price leaps, despite a tripling of losses amid buyer interest February 17, 2015 The figures Monitise shares opened eight per cent higher this morning, despite the fact the British tech firm reported a revenues fell to £42.4m in the six months to 31 December, from £46.5m in the same period a year earlier. Pre-tax losses grew 150 per cent to £58.4m, however, compared with £23.3m a year earlier. It added [...]
Monitise share price plummets for second day despite attracting “a number” of potential buyers January 23, 2015 Monitise's share price has tanked for a second day running, despite confirming that it had received “a number of expressions of interest” in buying the business the board said this afternoon a day after the mobile banking firm was put up for sale. Monitise, which also issued its third warning on revenues in a [...]
Monitise share price plummets as it is put up for sale, warns on full-year revenues January 22, 2015 Monitise's share price has plummeted this morning, after the company revealed it is open to takeover bids to keep the mobile banking business going. The British firm said this morning it was undertaking a strategic review "in light of recent share price weakness, shareholder feedback and industry developments". The review will consider the possibility [...]