Innovation & Technology | LSBF Blog – Global Matters

NEWS - INNOVATION & TECHNOLOGY

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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Small businesses want access to technology, according to index

December 23 ,2016 | by Claire Payne

Small businesses want improved availability of technology, with 37 per cent believing that it will positively impact on growth next year, according to the annual SME Hopes and Fears Index from Barclays.

The index also revealed the other most important factors when it comes to boosting growth, with 30 per cent citing opportunities for exporting and access to international markets, 22 per cent moving their business online and having a digital presence, 22 per cent consumer demand and 21 per cent the condition of the UK’s economy. 

 

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Business owners turn to websites for advice, says research

November 16 ,2016 | by Thiago Kiwi

Over 10 per cent of business owners turn to business websites for advice, according to research from small business support company Informi.

The research, which surveyed over 500 business owners, found that business websites are the third main source of information for small businesses, with the main source being accountants at 22 per cent, followed by Google at 19 per cent. 

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Over half of small businesses do not use social media

November 13 ,2016 | by Claire Payne

Over half of small business owners in the UK do not use social media, according to a recent survey from Manta.

The research found that 76 per cent of business owners do not use Instagram to market their business, despite it currently being the most popular social media platform. 

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Venture capital firm to invest in Europe’s tech companies

November 06 ,2016 | by Thiago Kiwi

A new venture capital firm is to invest in technology companies across Europe to enable them to grow.

KEEN Venture Partners, which is headed up by former BT executive Ben Verwaayen and TomTom COO Alexander Ribbink, will be investing in innovation hubs in the UK, Netherlands, Sweden and Germany. 

 

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Majority of insurers to invest in insurtech by 2018

October 28 ,2016 | by Helen Gould

Nearly two-thirds of the world’s biggest insurers have invested in insurtech and plan to continue investing in technology start-ups over the next two years, according to research from Gartner.

The research showed that over 60 per cent of major global insurers have invested in insurtech, and it is estimated that 80 per cent of P&C insurers worldwide will team up with or acquire insurtechs by 2018. 

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Trainline launches new app for business travellers

October 13 ,2016 | by Claire Payne

Independent train ticket retailer Trainline has launched a new feature in its app to help make travelling by train easier for business travellers.

The Trainline App, which offers features such as live journey updates and one-click refunds, now has a new business profile feature that enables businesses to separate business and leisure travel accounts. 

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Dropbox launches new features for entrepreneurs on the go

October 13 ,2016 | by Thiago Kiwi

Dropbox has launched five new mobile features that will enable entrepreneurs to work outside the office.

The new features will be available in their updated app for Apple iOS 10.

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Start-ups in property sector to receive more support

October 10 ,2016 | by Hari Sri

Venture capital platform Pi Labs has partnered with real estate company CBRE to support the next generation of start-ups in the property sector.

The partnership will provide start-ups with mentoring and identify new technologies to benefit clients.

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