Industry news

Farnborough-based automated life insurance advice platform provider, Anorak Technologies has raised an additional £5m in funding. The round was led by Outward VC with participation from Nic Kohler, the former CEO of Hollard, Paul Evans, Chairman of Allianz PLC, Charlie Delingpole, CEO and founder of ComplyAdvantage, and Will Neale, Founder of Fonix and Grabyo.

Read the full article here on TechMarketView website

UK-based pension and savings provider Cushon was one of the “New Kids on the Block” fintechs that my colleague Jon Davies profiled back in February. Cushon provides an automated savings and investment platform that delivers a variety of workplace savings options and has now closed an overall funding round of £26m. This includes a £6m equity raise led by Augmentum Fintech and a further £20m in credit facility committed by AshGrove Capital, a specialty lending firm.

Please click here to read the full article on TechMarketView website

Combating climate change has become a core component of Global SI’s operational strategies with an increasing number of firms announcing initiatives and programmes. For example, just yesterday we heard that Atos had launched its “A to Zero” portfolio of advisory services, platforms and nature-based solutions, to be delivered through a global Net Zero Transformation Centre of Excellence. Now TCS has announced its commitment to reduce carbon emissions by 70% by 2025, and then to become a Net Zero emitter by 2030.

Please click here to read the full article on TechMarketView website

Atos has upped the Net Zero ante with the launch of its “A to Zero” portfolio of advisory services, platforms and nature based solutions, to be delivered through a global Net Zero Transformation Center of Excellence. 

Please click here to read the full article on TechMarketView website

The shopping lists we used to scribble on the back of an envelope are increasingly already known by the supermarkets we frequent.

Firstly via the loyalty cards we scan at checkouts, and more and more so from our online baskets, our shopping habits are no longer a secret.

But now more retailers are using AI (artificial intelligence) - software systems that can learn for themselves - to try to automatically predict and encourage our very specific preferences and purchases like never before.

Read more on BBC Business News here.

Atos and Thales have joined forces to create a Big Data and AI platform for public and private sector players in the defence, intelligence and internal state security communities

Read the full article on TechMarketView here.

Oxford-based clinical AI company, Sensyne Health, has announced it has signed a production contract with the Department of Health & Social Care (DHSC) to use its MagnifEye system to read COVID-19 lateral flow diagnostic tests as part of the UK Government's asymptomatic testing programme.

Read the full article on TechMarketView here.

Workday, provider of enterprise cloud applications for financial management, HR, planning, spend management, and analytics, has announced the signing of a new MoU with UK Government. As a result of the MoU, which includes a preferential pricing agreement, UK public sector customers will be able to take advantage of a range of discounts on Workday’s products. This will apply when using any route to market for procurement of the technology. One of those procurement routes is the £1.2b Back Office Software framework on which Workday recently secured a place.

Read the full article on TechMarketView here.

London based AI start-up Faculty has raised a cool £30m in a round led by Apax Digital Fund, taking total funding to almost £40m. 

Founded in 2014, the company has built itself by providing a combination of strategy, software and skills to clients, using its team of data scientists to apply their skills to clients’ real world business issues using Faculty’s own cloud based data science platform. The Faculty approach provides AI as a Service where the service aspect includes AI techniques applied to specific business issues and support for clients from Faculty’s AI/ML specialists. The company has a team of 50+ PhD’s in STEM subjects, and says 5%-10% of UK maths, physics and engineering postgrad students apply to its Fellowship programme. The programme helps graduates develop real world experience, including the business skills around the tech topics, through 8 week bespoke paid projects with clients, and helps organisations recruit data scientists. 

Read the full article on TechMarketView here.

Lack of digital skills may deprive women of healthcare, education, work, and financial independence.

Access to technology is not equal between men and women in all countries.

Read the full article on BBC News here.