New laws ‘guarantee’ privacy for digital pound users amid Britcoin concerns December 22, 2023 The Treasury and Bank of England are attempting to smooth concerns over snooping on digital pound spending, with upcoming legislation set to protect user privacy.
Data: protection, possibilities, purpose December 22, 2023 The Data Protection and Digital Information Bill has arrived in the House of Lords and peers have questioned the minister.
One of the UK’s fastest growing fintechs says it will outpace Starling soon December 4, 2023 Some 10 months into the launch of digital bank Kroo, the founder reckons it will achieve profitability twice the speed of Starling Bank.
Regulator says Adobe’s Figma acquisition could ‘harm’ UK digital design sector November 28, 2023 The UK’s competition watchdog has provisionally found that Adobe’s proposed acquisition of Figma could harm the digital design sector.
HMRC digital transition set to cost £1.3bn – four times over budget – MPs warn November 25, 2023 Transitioning HMRC to a digital system is now expected to cost as much as £1.3bn - and has gone four times over budget, MPs have warned.
Top cyber firm opens headquarters in City to ‘safeguard’ digital UK October 3, 2023 Global cybersecurity company Palo Alto Networks has unveiled its new headquarters at the centre of London’s financial district. The American firm is opening a new office in 22 Bishopsgate, the City’s second highest building after the Shard, to create nearly 500 new jobs and “safeguard the UK’s digital future”. The rapid widespread adoption of new [...]
Right-wing think tank claims digital markets bill is a ‘recipe for disaster’ September 19, 2023 Proposed legislation to regulate digital markets is a “recipe for disaster” and risks spooking tech companies by handing Britain’s competition watchdog unbridled power, according to a new paper by the Institute of Economic Affairs (IEA). The right-wing think tank has today published a paper which warns the Digital Markets, Competition and Consumers bill (DMCC) will [...]
Government urged to take global lead on digitised capital markets to boost UK’s competitiveness July 6, 2023 The government should take the lead in encouraging the digitisation of the UK’s capital markets to boost the City’s competitiveness, UK Finance has argued. In a new report released today by Oliver Wyman and UK Finance, the government has been urged to take a bold approach to ‘tokenisation’ or risk losing investment to other parts [...]
Salesforce £3.2bn investment a ‘ringing endorsement’ in UK economy, says Sunak June 29, 2023 Salesforce has announced a major investment of $4bn (£3.2bn) in its UK business over the next five years. The software company will use the cash injection to improve AI innovation and customer growth in the UK as companies become increasingly eager to transform digitally and capitalise on AI within their business operations. Prime Minister, Rishi [...]
New CMA bill could undermine UK’s tech superpower ambitions, CPS report warns June 29, 2023 The government should scrap its new Digital Markets, Competitions and Consumers (DMCC) bill because it is already too old, the Centre for Policy Studies (CPS) has warned today. The report, titled ‘The Unregulated Regulator’, alleges that dynamic digital markets have “outpaced” the new legislation. What’s more, it would weaken investment and grant the CMA “extensive [...]