NEWS - INNOVATION & TECHNOLOGY

More UK adults using online banking, research shows

New research from Santander has found more UK adults are using online banking or mobile banking to check their balance.

Over 65 per of those surveyed use these methods at least once a week to access their accounts. 

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Survey reveals communication preferences of UK banking customers

A survey from technology company Avaya has revealed how banking customers in the UK prefer to be contacted by their bank.

The research, which surveyed 2,345 banking customers and was carried out by YouGov, found that 60 per cent of Brits prefer to go directly to their bank’s website or use automated services instead of speaking to their bank directly.

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Investment in fintech up by 37%, according to Innovate Finance

Figures from Innovate Finance have shown investment in the UK’s fintech industry has hit $564 million, with foreign investment playing a key role in growth despite Brexit.

Fintech investment increased by 37 per cent in the first half of 2017 compared with the same period last year.

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Santander becomes first UK bank to launch talking ATMs

Santander has become the first bank in the UK to launch talking ATMs for customers who are blind or partially sighted.

The ATMs have been launched in association with the Royal National Institute of Blind People (RNIB) and the Digital Accessibility Centre and are available in all of the bank’s branches.

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Research reveals how UK workers feel about remote working

Research from communication technology company Polycom, Inc has revealed how UK workers feel about remote working, with older workers and millennials being found to have regularly taken advantage of working this way.

The research showed that 63 per cent of people in the UK now work remotely, with fear of working longer hours being revealed to be the main concern among people who work this way

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TSB becomes first bank to offer iris recognition technology

TSB is to become the first bank in Europe to provide iris recognition technology through its mobile banking app.

The service will be launched in September 2017 and will be available to TSB customers free of charge.

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More Brits are using digital banking, research shows

More Brits are using digital banking to pay bills and manage their accounts, according to research from Swedish fintech company Trustly.

The research found that the UK is falling behind other countries when it comes to embracing online banking, but showed that Brits are still accessing their online bank accounts in record numbers.

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Britain leading the way in fintech adoption, report shows

Britain is leading the way in fintech adoption in the developed market, according to a new report from professional services and Big Four firm EY.

EY’s fintech adoption index showed that 42 per cent of consumers in the UK are now using fintech services. However, there has been growth worldwide when it comes to the adoption of financial technology, with usage rates being high in emerging markets such as South Africa, China, India, Brazil and Mexico.

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UK leading the way for educational technology, data shows

The UK ranks number one in Europe for venture capital and angel funding in the educational technology sector, according to London EdTech Week co-founder, and IBIS Capital Partner Benjamin Vedrenne-Cloquet.

The edtech sector is one of the fastest-growing in the UK, with angel capital and seed angel investors providing £178 million.

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Mobile banking rising in popularity, research shows

Mobile banking is becoming increasingly popular in the UK, with more people using a smartphone to access their bank account on a regular basis, according to research from market research company Forrester.

The European Financial Services Survey surveyed 3,870 online consumers in the UK and found that 35 per cent of respondents use a smartphone to log into their bank account every month, whilst 21 per cent use a tablet and 1 per cent use a smartwatch. 

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Number of IT jobs increases after cyberattacks, figures show

Figures from the Association of Professional Staffing Companies (APSCo) have shown an increase in the number of IT security vacancies following the recent cyber security attacks.

Demand for security jobs was found to be the strongest in sectors that hold sensitive data, such as the accountancy, retail and education sectors.

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Google launches free app to help boost skills in UK

Google has launched a free mobile app to provide people of all ages across the UK with free digital training.

The launch of the Digital Garage app is part of the tech company’s wider commitment to help people across the country to boost their skills. 

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Adopting new technologies could help banking customers, according to HSBC

Adopting new technologies could help banking customers to protect their information, according to HSBC.

The bank surveyed 12,019 people in the UK, US, Canada, France, Germany, Hong Kong, China, India, Mexico, Singapore and the United Arab Emirates and found that many do not trust new technologies when it comes to banking, with just 7 per cent saying that they would trust a robot to open a savings account. 

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London-based firm introduces gamification to improve graduate recruitment process

A London-based IT services company has introduced gamification to help make its recruitment process more enjoyable for graduates.

FDM is looking to increase candidate diversity and make its graduate testing process more engaging with the introduction of Yellow Hook Reef, an assessment game by global game technology provider Arctic Shores.

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EdTech businesses team up to launch London EdTech Week

Ten of London’s leading education technology companies have teamed up to launch London EdTech Week.

British Educational Suppliers Association (BESA), EdtechXGlobal, EdTech Exchange and Google for Education are amongst the organisations that will be launching the event, which is set to take place from 19th to 23rd June 2017. 

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London is world leader in financial technology, report shows

April 12 ,2017 | by Hari Sri

London has been named as the world’s strongest fintech hub in a report from professional services and Big Four company Deloitte and trade body Innovate Finance.

The Connecting Global Fintech Hub Review 2017 analysed 44 fintech centres worldwide on factors such as technical expertise, regulatory framework and government support, with London scoring highly in all of the areas. 

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UK tech companies have doubled since Brexit vote, research shows

April 06 ,2017 | by Hari Sri

Tech companies in the UK have more than doubled since the Brexit vote, an analysis of data from Companies House has shown.

The data showed that the number of tech companies in the UK increased from 2,325 to 5,995 in the eight months following the EU referendum.

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UK insurtech investment reached £15m in 2016, research shows

Research from Accenture has shown that investments in UK insurtech more than doubled in 2016, reaching the highest in Europe at nearly £15 million.

The number of deals across technologies such as artificial intelligence and the Internet of Things (IoT) make up nearly half of the total investment in insurtech, increasing by 79 per cent last year.

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Xero announces integration with business finance apps for small businesses

Cloud-based accounting software company Xero has announced its integration with three business finance apps.

The company has teamed up with the business finance providers to help small businesses to have better access to the finance that they need in order to grow. 

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Innovate UK to invest £15 million in emerging technologies

Innovate UK is to invest £15 million in technology projects that will help to inspire future products and services.

The innovation agency will be funding projects through a competition and is now inviting businesses to apply for a share of the fund.

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Tech City UK announces new businesses on Future Fifty Programme

February 24 ,2017 | by Helen Gould

Tech City UK will be taking on 26 new technology companies for the latest intake of its Future Fifty Programme.

The programme will provide support for the new businesses, giving them access to expert-led workshops and classes as well as media coverage and peer networks.

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National Cyber Security Centre launched in UK

February 16 ,2017 | by Helen Gould

The UK Government has launched the National Cyber Security Centre (NCSC), which is part of UK-based intelligence agency GCHQ.

It aims to provide the UK with protection from cyber threats and hackers, making it easier for people to do business online.

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BusinessCloud searching for UK’s top 150 tech start-ups

February 06 ,2017 | by Erin O’Neill

Tech website and quarterly magazine BusinessCloud is searching for the top 150 tech start-ups in the UK.

Nominations are now being accepted, with at least 12 start-ups to be selected from each UK region.

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Over £6.7 billion invested in UK’s tech businesses in 2016

Tech businesses in the UK attracted more than £6.7 billion in venture capital funding and private equity funding in 2016, more than the amount invested in tech businesses from any other country in Europe, new research from London & Partners has shown.

The research found that over a third of the amount invested in tech businesses last year went to London-based businesses, whilst a total of £4.7 billion in private equity investment went to the UK’s tech sector. This brings the total investment into the country’s tech businesses since 2011 to £9.6 billion. 

 

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Training scheme to plug UK’s digital skills gap

January 13 ,2017 | by Helen Gould

Amazon is to help plug the UK’s digital skills gap by launching a training scheme for young people and ex-military personnel.

Amazon Web Services (AWS) will partner with the Prince’s Trust and the Ministry of Defence to launch AWS re:Start, which aims to help 1,000 additional people to learn digital skills.

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