Millennial mortgages are here: Automatic switching is go at proptech startup Trussle December 19, 2017 The era of millennial mortgages has arrived. A couple from London are the first homeowners to switch their mortgage automatically and entirely online, without the hassle of searching new deals and lengthy paperwork, thanks to an innovative property technology startup. Trussle's switching alert lets users know when they should remortgage to find a better deal. [...]
Cyber security wages are set to soar amid a skills shortage December 18, 2017 Demand for cyber security roles is set to boom over the next year following several high-profile cyber attacks, prompting a rise in wages, new research from the recruitment sector’s trade body suggests. Every specialist IT recruitment agency surveyed by the Recruitment and Employment Confederation (REC) said they thought demand for cyber security staff would rise [...]
UK mattress startup Simba Sleep raises £40m and is heading for profit in some markets December 17, 2017 Simba Sleep, one of several startups hoping to disrupt the world of sleep, has bedded fresh cash to fuel global expansion as it nears profitability in some markets. The £40m series B round of investment comes from previous backers Nigel Wray, a City heavywight and chairman of Saracens rugby club, Wharton Asset Management and Swiss [...]
JP Morgan and Barclays are exploring quantum computing technology with IBM December 14, 2017 JP Morgan will begin exploring the potential of quantum computing and how it might be applied to trading strategies, portfolio optimisation, asset pricing, and risk analysis in a new partnership with tech giant IBM. The investment bank is one of two financial institutions, along with Barclays, taking advantage of the commercialisation of quantum technology, which [...]
Open Banking: Meet 10 startups that just won cash for innovative ideas December 13, 2017 Nearly a dozen startups have been chosen for a cash prize totalling £5m for their innovative ideas for making banking easier for small businesses. A firm that is a current account for freelancers that can help them manage tax and expenses, called Coconut, and another, Funding options, a marketplace for financial products for small firms, [...]
11 tech startups to watch according to top insurers in Startupbootcamp’s insurtech accelerator December 11, 2017 Nearly a dozen startups looking to disrupt the insurance industry with technology such as artificial intelligence have been chosen for the latest cohort of a London programme, backed by Lloyds Banking Group, Allianz, Scottish Widows and Confused.com among several high-profile financial firms. The 11 early stage startups from nine countries around the world will join [...]
Uber’s London licence appeal against TfL is set for first court hearing December 10, 2017 Uber's legal battle with London regulators is set to move forward with a court hearing due to take place this week over its licence to operate in the capital. The preliminary hearing at Westminster Magistrates court on Monday will lay out plans for the full case to be heard some time next year. It comes [...]
Legal and General digital chief Maarten Ectors on why fintech startups shouldn’t be focused on disruption December 7, 2017 Fintech startups should concentrate on solving the problems currently faced by business, Legal and General’s digital chief has said. But they are often concentrating on finding solutions further along the horizon, said Maarten Ectors who joined the FTSE 100 insurer five months ago. Read more: A Wikipedia co-founder wants to put knowledge on the blockchain [...]
Engaging with the right app users globally without sacrificing your brand, appScatter speak to National Geographic November 29, 2017 | City Talk Taking your app global is a process that requires a focused strategy and a clear vision of where you want to be – and who you want to engage – with your app. National Geographic, an iconic brand with over 360 million social fans around the globe, is laying the groundwork to do both. We [...]
JP Morgan, Bank of America and BBVA most prepared banks for artificial intelligence, according to UBS November 28, 2017 US banks are the most prepared to handle the potential disruption of artificial intelligence to their business, new research reveals. The US ranked highest out of nine countries in established markets, followed by Singapore and then Spain. And when it comes to specific institutions, JP Morgan, Bank of America and BBVA were found to be [...]