Business & Tech
The latest stories from independent business & tech media.
AI in Banking: How To Build a Resilient Foundation for the Future
At Sibos 2026, Finastra’s Mike Stawchansky reveals how cloud data and API-led architectures build a resilient foundation for AI in banking.
The UK needs more transparency from AI companies digitising books to train models
AI companies using physical sources of media, like books, to train models skirt recent proposals for data-regulation standards. We need more transparency.
Starlink's plan to avoid orbital near-misses: Ephemeris sharing
Hang on. How about not chucking tens of thousands more satellites into space?
HSBC to make 'deep, wide and brutal' UK wealth management job cuts in AI push
HSBC is planning to axe up to 70% of its UK financial advisors as part of swingeing cuts to its wealth management business driven by riding use of AI, according to the Financial Times.
FortiBleed still a bleeding nuisance as FBI confirms ongoing attacks
Tens of thousands more victims and more ransomware groups getting in on the act
Vanguard launches low-cost US high-yield bond ETF
Vanguard has expanded its fixed income ETF range with the launch of a US high-yield corporate bond fund, as investors seek to boost portfolio income and manage duration risk in a higher-yield environment. The Vanguard USD High Yield Corporate Bond UCITS ETF will provide European
Morgan Stanley launches alternatives education hub for European advisers
Morgan Stanley Investment Management has launched a new alternatives education platform for European financial advisers, as access to private markets continues to expand across the wealth sector.
Sibos 2026: TradFi vs DeFi, which wins and why
The first of several 'Big Issue Debates' taking place at Sibos 2026 in Miami tackled the topic 'Can TradFi fix the experience before DeFi wins the race?'
US states sue popular kitmaker TP-Link over China risks
Router maker rejects allegations it misled buyers about protection and its reliance on Chinese suppliers
‘I’ve seen small firms give the best and worst financial advice’
Some of the “best and worst” financial advice both come from small businesses, Melo's chief executive Victoria Hicks has claimed. Speaking during a panel debate on whether consolidation is killing customer choice at the Money Marketing Interactive conference in London yesterday…
Badenoch pledges to scrap inheritance tax on family homes
Conservative leader Kemi Badenoch has pledged to exempt family homes from inheritance tax under the next Conservative government, as she set out a longer-term ambition to abolish the tax altogether.
Succession planning should start from day one, advisers told
Advice firms that fail to plan properly for succession risk causing foreseeable harm to clients, advisers have warned. Speaking at MMI London yesterday (6 October), Purposeful Group chief client officer Natalie Kempster said she had seen first-hand the consequences of an adviser…
Phil Wickenden: The danger of feeling covered when it come to care
Imagine someone reading about a National Care Service and thinking, “At least that’s being sorted.” An understandable response, with potentially expensive consequences.
Europe's mobile operators sell fewer phones but gain share as budget market shrivels
Contract purchases hold up better than independent retail sales, with Apple overtaking Samsung in the carrier channel
An easier route to Valkey clusters?
Big migrations from Redis have typically still meant rewriting parts of the application.
Asset managers turn to alternatives as market and credit risks climb
Asset managers are piling into alternative assets and hedging strategies as rising market, credit and liquidity risks reshape investment portfolios, new research from Clearwater Analytics suggests.
Scottish Friendly buys in-payment books of business from Fidelity
Financial mutual Scottish Friendly has today (7 October) completed its acquisition of pension and annuity in-payment books of business from Fidelity International.
Dutch tax office ditches Microsoft 365 cloud for on-premises alternative
Email and calendars move in-house in 2027, with European open source tools to follow
Poetry is the new AI security threat as PoeLLM malware infects 3K+ servers
M&S opens applications for Christmas roles
Marks & Spencer has launched its Christmas recruitment drive, with the retailer seeking temporary colleagues to support stores through the peak festive trading period. The retailer is inviting candidates to register their interest in Christmas roles across its UK store estate.
Currys joins TikTok Shop
Currys has launched on TikTok Shop, in a bid to give customers a new way to discover and buy technology. Currys’ TikTok Shop will feature a curated range of products from health and beauty, coffee, audio and seasonal products, all shoppable without leaving the app.
Boots sold to Weston family in £6.7bn deal
Boots is set to change hands again after the Canadian arm of the billionaire Weston family agreed to acquire the health and beauty retailer for $8.9bn (£6.7bn), including debt.
AI systems most at risk of cybersecurity attacks, PwC report shows
Amongst the existing cybersecurity threats, attacks against AI systems are the ones leaders feel least prepared for, according to a new PwC report.
When one datacenter is no longer enough
SPONSORED POST: Why training AI across multiple sites is creating a new networking challenge
PUMA names new majority shareholder
PUMA has named Chinese sportswear firm ANTA Sports as its new largest shareholder, marking a “new chapter” for the firm. This follows ANTA Sports acquisition of the 29.06 per cent stake held by Artémis SAS.
Noah raises $38m for stablecoin payments platform
Stablecoin payments infrastructure provider Noah has closed its seeding round after pulling in $38 in funding.
Turnover grows 4.5% at Sweaty Betty but losses hit £5.25m
Sweaty Betty’s pre-tax losses have hit £5.25m, as the activewear brand faced higher administrative and operational costs associated with restructuring. The sportswear specialist had returned to profit last year, reaching a £1.57m profit, the first since 2021.
