NEWS - INNOVATION & TECHNOLOGY
UK cloud accounting software company Xero is to launch an online learning tool aimed at students and employees to help boost their skills.
The Xero Lifelong Learning Platform was one of many new products that were demonstrated at Xerocon in London.Read more >>
Lloyds has opened its first flagship store in Manchester as part of an investment into a group of flagship sites.
The £3 million store will combine face-to-face services with the latest technology as digital services become more important to the bank’s customers.Read more >>
A new online global survey from ACI Worldwide and YouGov has revealed the services UK consumers want from their banks.
The research surveyed more than 9,000 consumers in the US and Europe. It found consumers worldwide expect their bank to provide new and innovative services.Read more >>
Businesses in the UK are embracing financial technology, with 77 per cent being aware of fintech products and services, according to research from finance company MarketInvoice.
The research found 65 per cent of UK businesses have adopted at least one fintech application, while 19 per cent have adopted at least four.Read more >>
Research from talent acquisition and management solutions company Alexander Mann Solutions, has revealed skills that HR professionals believe businesses should be developing in order to enhance the potential of artificial intelligence (AI) in the workplace.
The study surveyed more than 2,000 senior HR professionals and found just 23 per cent of respondents believe businesses are preparing professionals for the rise of AI.Read more >>
The UK is leading the way when it comes to contactless payments in Europe. Millennials are the biggest users of the technology, according to research from Visa.
The company’s latest digital payments study showed use of contactless payment technology reached a record high in June 2017, with 34 per cent of all card payments being made this way.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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 wayRead more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>