TechDay UK - The United Kingdom's technology news network

Finance stories

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Tech risks dominate finance compliance, eflow survey finds
Yesterday
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data analytics
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data privacy
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ai
A survey by eflow Global reveals 64% of finance executives see technology-driven risks, especially AI, as key compliance challenges for 2024.
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Healthcare tops data breach incidents in 2024, surpassing finance
3 days ago
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ransomware
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physical security
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breach prevention
Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.
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QuSecure raises USD $28 million to boost quantum security
4 days ago
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quantum computing
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cybersecurity
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government
QuSecure has successfully raised USD $28 million in a Series A funding round aimed at bolstering its post-quantum cryptography solutions and client expansion.
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Civo unveils relaxAI, prioritising privacy & renewables
4 days ago
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data privacy
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ai
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cleantech
Civo has unveiled relaxAI, an innovative AI assistant prioritising privacy, security, and renewable energy in a bid to tackle data governance challenges for UK businesses.
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Civo unveils AI assistant relaxAI, focusing on data privacy
Last week
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data privacy
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llms
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ai ethics
Civo has introduced relaxAI, a new AI assistant prioritising data privacy and powered by renewable energy, starting at GBP £10 per month.
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AI agents revolutionising life across multiple sectors
Last week
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iot
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ai agents
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google
AI agents are set to transform daily life across sectors, optimising everything from smart homes to personalised shopping, according to Raphael Allstadt.
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SAP partners with Databricks to launch Business Data Cloud
Last week
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ai
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sap
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cfo
SAP has launched its Business Data Cloud alongside Databricks, aiming to unify enterprise data to enhance decision-making and accelerate AI initiatives.
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Oracle NetSuite unveils AI tools for Australia, NZ firms
Last week
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hcm
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genai
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data privacy
Oracle NetSuite has unveiled new generative AI features aimed at boosting operational efficiency for businesses across Australia and New Zealand.
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Fortra's 2025 cybersecurity survey: key risk findings
Last week
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malware
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ransomware
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devops
Fortra's latest cybersecurity survey reveals a worldwide surge in concerns over phishing and evolving technologies, with security professionals prioritising awareness and closing gaps.
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Monday.com launches AI enterprise service management tool
Last week
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hcm
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ai
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service management
monday.com has launched its AI-driven Enterprise Service Management platform, monday service, to enhance operational efficiency for businesses across departments.
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Cyber threats to Microsoft 365 via HTTP client tools surge
Last week
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advanced persistent threat protection
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cybersecurity
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microsoft
A recent report by Proofpoint reveals that 78% of Microsoft 365 users faced account takeovers, with attackers adeptly using HTTP client tools like Axios.
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British firms grapple with outdated finance technology
This month
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accounts payable
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automation
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finance
New research reveals that 55% of British finance departments still rely on outdated OCR technology, causing productivity and accuracy issues.
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Ciphr launches innovative cloud-based payroll software
This month
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digital transformation
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hcm
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workforce management
Ciphr has launched its new cloud-based payroll software, Ciphr payroll, designed to streamline processes for UK businesses and reduce manual tasks.
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Anchor raises USD $20m to transform SMB invoice process
This month
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fintech
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payment technologies
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smb
Anchor has successfully raised USD $20 million in Series A funding to combat late payments for U.S. small businesses, boosting growth and efficiency.
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Yavrio raises USD $2.4m to streamline ERP systems
Last month
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digital transformation
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fintech
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erp
Yavrio, a fintech firm in London, has raised USD $2.4 million in seed funding to transform ERP systems by eliminating error-prone CSV file imports.
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Cyber threats surging for finance & insurance sectors
Last month
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malware
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ransomware
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phishing
ReliaQuest's latest report reveals a staggering 32% rise in ransomware cases targeting finance and insurance firms, with attackers moving significantly faster in 2024.
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UK firms reluctant to report ransomware incidents, says study
Last month
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ransomware
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phishing
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email security
A report by Illumio reveals that 73% of UK organisations hesitate to report ransomware incidents, citing fears of exposure and financial repercussions.
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DeepSeek: The AI game changer shaping the future of innovation
Last month
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cx
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martech
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data privacy
DeepSeek is making waves in the AI sector with its new DeepSeek-R1 model, reshaping innovation by making advanced technology more accessible and efficient.
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CIBC invests GBP £5m in Infinity for product development
Last month
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cx
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martech
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cdp
CIBC Innovation Banking has extended a GBP £5 million corporate debt facility to Infinity, bolstering the call tracking firm’s growth and product development efforts.
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DYOR partners Ava Labs amid drastic Avalanche fee cuts
Last month
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cryptocurrency
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blockchain
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defi
DYOR has partnered with Ava Labs to enhance the Avalanche blockchain experience, capitalising on a dramatic 96% cut in gas fees.