Digital bank Revolut has been valued at £57bn, just over a decade after it launched as an app that reduced the complexity and cost of using different currencies. Following its latest share offer, the company’s value jumped from £34bn. “The level of investor interest and our new valuation reflect the strength of our business model,…
UK digital bank Revolut sees value jump £23bn in a year Read More »
The finance sector has been dealt another reminder that security postures are only as strong as the weakest link, as a tech supplier hack leaves US banks exposed. This week, SitusAMC, which provides loans and mortgage services to US banks, admitted that “certain information” from its systems had been compromised in a cyber attack. SitusAMC…
US breach reinforces need to plug third-party security weaknesses Read More »
UK banks must act like big tech companies and less like startups if they want to emulate the success US banks have had with artificial intelligence (AI). According to research from Evident, which tracks financial services AI adoption, US banks lead the way. In its latest banking AI adoption index, six of the top 10…
UK banks must be more like Big Tech to catch the US on AI, which comes with a high price Read More »
Asked for his advice as to whether it’s a smart idea to switch from being an IT leader to running your own company, Nassib Chamoun has some advice for potential poachers turned gamekeepers. “If you’re looking for stability, my recommendation is to stay where you are as an employee,” he says. “If you can accept…
Meet the IT leader In Lebanon who became an IT entrepreneur Read More »
The use of open banking services in the UK has increased by a third in the past 12 months as it becomes “part of everyday life”, according to an industry authority. There were over 15 million users of open banking services in July, which was 34% higher than the same month last year, according to…
Open banking take-up grows by a third Read More »
Computer Weekly’s list of the most influential women in UK technology has been running since 2012, launched to promote a discussion surrounding the role of women in the technology sector during a time when the lack of diversity in tech was only beginning to be considered. When it was launched, the list only featured 25…
Most Influential Women in UK Tech: The 2025 longlist Read More »
The global fintech sector saw its revenues increase three times that of the finance sector as a whole in 2024, as it enters a new “era of maturity”. Despite reduced investment in fintech firms, the businesses are maturing and driving up revenues. According to Boston Consulting Group (BCG), global fintech revenues grew by 21% last…
Fintech growth three times that of finance sector as a whole Read More »
The past year has been crucial for Ukrainian-British tech cooperation. As one of the leading IT service exporters, Ukraine’s presence in the UK has never been stronger, with business ties growing deeper. Recently, the IT Ukraine Аssociation (ITU) published a comprehensive report on the state of the Ukrainian tech ecosystem. According to the report, Digital…
Bridging Borders: The rise of Ukrainian-British tech collaboration Read More »
It is often said that politicians campaign in poetry and govern in prose, but as we contemplate the new government, trying to predict regulatory intentions in every policy announcement and ministerial appointment, what tech prose can the tech bros expect? In his speech on the steps of Number 10, our new Prime Minister highlighted his…
Week one of a new government and it’s time to talk tech Read More »
Richard Wazacz is a tech-savvy chief executive. With a strong background in digital businesses, he took up the challenge of leading foreign exchange specialist Travelex in June 2022 as the company looked to transform and grow in the post-Covid age. As CEO of a data-rich finance business, Wazacz is interested in how technology can help…
Executive interview: Richard Wazacz, CEO, Travelex Read More »
