Revolut Drops US Bank Buyout Plan, Eyes Standalone OCC Charter

PYMNTS / pymnts - Revolut is shifting its U.S. playbook again. The U.K.-headquartered FinTech has dropped plans to buy an American bank and is now preparing to pursue a standalone U.S. banking license, a move that would give it a clearer path to scale lending and other cor…

Back to Top / Friday, January 23, 2026, 6:21 am / permalink 18321 / 4 stories in 6 wks

Leeds-based Optalysys raises €26.4 million to accelerate always-encrypted data technology using light

Rahul Raj / eu-startups - Leeds-based photonic computing company Optalysys today announced that it has raised €26.4 million (£23 million) in a Series A extension round to accelerate the commercialisation of its proprietary photonic chips and support US expansion. The round was led…

Back to Top / Thursday, January 22, 2026, 3:20 am / permalink 18272 / 6 stories in 6 wks

British Business Bank makes record investment in Kraken Technologies

Oscar Hornstein / uktech - The UK government-owned British Business Bank is set to make its largest-ever direct investment, £25m into the Octopus Energy spinout Kraken Technologies. Kraken was formed from within Octopus, one of the UK’s largest energy providers, as the AI technolog…

Back to Top / Tuesday, January 20, 2026, 5:20 am / permalink 18189 / 5 stories in 6 wks

Anzen Industries Secures $2.2M Funding In Pre-Seed Round

Kailee Rainse / startuprise - UK-based deeptech startup Anzen Industries has raised $2.2 million in pre-seed funding, led by LocalGlobe and Creator Fund, with support from strategic angel investors across the UK, EU and US, including Konstantin von Unger and early-stage investor Cory …

Back to Top / Monday, January 19, 2026, 5:20 am / permalink 18161 / 4 stories in 6 wks

London’s Cyb3r Operations raises €4.6 million led by Octopus Ventures to tackle third-party cyber risk

Rahul Raj / eu-startups - London-based cybersecurity startup Cyb3r Operations has today announced that it has raised €4.6 million ($5.4 million) to help organisations tackle third-party cyber risk. The round was led by Octopus Ventures, with follow-on investment from Pi Labs. With…

Back to Top / Thursday, January 15, 2026, 2:21 am / permalink 17891 / 6 stories in 7 wks

British Police Used Microsoft Copilot for Faulty Report That Led to Ban on Soccer Team Fans

Ece Yildirim / gizmodo - Microsoft's AI assistant hallucinated a soccer match.

Back to Top / Wednesday, January 14, 2026, 11:21 am / permalink 17865 / 7 stories in 7 wks

Nuclera Raises $87M Series C To Advance Antibody Research

Kailee Rainse / startuprise - Biotech firm Nuclera has raised an additional $12 million increasing its total Series C funding to $87 million. The extension round was led by Elevage Medical Technologies and Jonathan Milner with participation from existing investors including British Bu…

Back to Top / Tuesday, January 13, 2026, 6:21 am / permalink 17824 / 5 stories in 7 wks

UK government exempting itself from flagship cyber law inspires little confidence

Connor Jones / theregister - Ministers promise equivalent standards just without the legal obligation ANALYSIS From May's cyberattack on the Legal Aid Agency to the Foreign Office breach months later, cyber incidents have become increasingly common in UK government.…

Back to Top / Saturday, January 10, 2026, 9:20 am / permalink 17731 / 3 stories in 7 wks

Ripple Secures FCA Authorization, Boosting UK Expansion

Ekemini / ventureburn - Ripple just got the green light from the UK’s Financial Conduct Authority (FCA), which is a big deal for its push into Europe. With this approval, Ripple can now expandThe post Ripple Secures FCA Authorization, Boosting UK Expansion appeared first on Vent…

Back to Top / Friday, January 9, 2026, 2:21 pm / permalink 17690 / 11 stories in 1 month

Amgen acquires Oxford-based Dark Blue in deal worth up to €718 million to advance leukemia programme

David Cendon Garcia / eu-startups - Dark Blue Therapeutics, a British discovery and development BioTech company innovating the next generation of precision oncology medicines, has been acquired by US-based global BioTech company Amgen, in a transaction valued at up to €718 million ($840 mil…

Back to Top / Wednesday, January 7, 2026, 9:21 am / permalink 17591 / 5 stories in 1 month

Accenture Plans to Buy UK Palantir Rival Faculty in Consultancy’s AI Push

Mark Bergen / bloomberg - Accenture Plc agreed to buy Faculty, a British artificial intelligence startup that’s worked closely with the government, as part of the consultancy’s effort to recast itself as a leader in the technology.

Back to Top / Tuesday, January 6, 2026, 7:21 am / permalink 17542 / 8 stories in 2 months

Apple Appeals $1.8 Billion UK Antitrust Ruling Over App Store Fees

Hartley Charlton / macrumors - Apple has asked the UK Court of Appeal to overturn a £1.5 billion ($1.76 billion) antitrust ruling that found the company overcharged millions of App Store users, escalating one of the most significant competition cases ever brought against the company in…

Back to Top / Monday, December 29, 2025, 11:21 am / permalink 17346 / 7 stories in 2 months

UK Accounting Body To Halt Remote Exams Amid AI Cheating

msmash / slashdot - The world's largest accounting body is to stop students being allowed to take exams remotely to crack down on a rise in cheating on tests that underpin professional qualifications. From a report: The Association of Chartered Certified Accountants (ACCA), …

Editor: Is it AI cheating, or AI productivity boosting? Accounting is about the application of rules and judgment en masse - it strikes me that the exams need to test student's ability to validate their sources (is the model's output factually correct?) and apply their own judgment - or validate the model's work. I wonder how much of the problem here is poor test design methodology.

Back to Top / Monday, December 29, 2025, 9:20 am / permalink 17342 / 4 stories in 2 months

Baidu teams up with Uber, Lyft for London robotaxi launch in first half of 2026

scmp - Chinese tech giant Baidu is teaming up with US ride-hailing platforms Uber and Lyft to roll out robotaxi trials in London next year, highlighting the accelerated push among Chinese autonomous driving firms to expand globally.Baidu and Uber said they would…

Back to Top / Monday, December 22, 2025, 8:20 am / permalink 17197 / 11 stories in 2 months

Ben Raises $27.5M in Funding

FinSMEs / finsmes - Ben, a London, UK-based provider of a platform using AI to help global enterprises manage employee benefits, raised $27.5M in funding. The round was led by Mercia Ventures with participation from existing investors Atomico, Cherry Ventures, DN Capital, an…

Back to Top / Wednesday, December 17, 2025, 6:21 am / permalink 17061 / 4 stories in 2 months

Digital bank Monzo gains a full European banking licence

Sofia Elizabella Wyciślik-Wilson / betanews - UK-based digital bank Monzo is ready to expand into Europe. The fintech has acquired a full banking licence from the Central Bank in Ireland, as well as from the European Central Bank. Monzo has gone from strength to strength since it launched back in 201…

Back to Top / Wednesday, December 17, 2025, 5:21 am / permalink 17058 / 4 stories in 2 months

US freezes $42B trade pact with UK over digital tax row

Lindsay Clark / theregister - Tech Prosperity Deal paused after London resists pressure on online services levy The US government has put a proposed $42 billion (£31 billion) trade pact with the UK on ice because the European country has yet to budge on its Digital Services Tax (DST).…

Back to Top / Tuesday, December 16, 2025, 9:21 am / permalink 17017 / 4 stories in 2 months

UK to “encourage” Apple and Google to put nudity-blocking systems on phones

Jon Brodkin / arstechnica - Government seeks "nudity-detection algorithms" in iOS and Android, report says.

Back to Top / Monday, December 15, 2025, 2:20 pm / permalink 16982 / 8 stories in 2 months