Digital Economy stories - Page 7

The Chancellor's Autumn Budget faces criticism over vague AI plans, insufficient cyber focus, unclear police tech funding, and gaps in SME support.

TerraPay launches Xend, a global payments network linking wallets, banks and cards for seamless cross-border transactions with Swift integration.

Gen Z expects a digital economy that moves as fast and fluidly as their online lives, demanding real-time, seamless monetary interactions and value exchange.

With the UK's PSTN network ending in 2027, over 5.5 million SMEs must urgently switch to digital communications to avoid disruption and boost resilience.

Babeltext enables Shopify merchants to communicate in 195 languages via AI-powered messaging, easing global sales and boosting customer confidence.

New underground data centres paired with agrovoltaic farms and solar cooling offer a sustainable model supporting agriculture, food security and climate goals.

CIOs are evolving from tech reporters to changemakers, driving innovation and embedding IT as a core element of business strategy and growth.

Neos Networks has completed its first fibre installation along the Great Western Main Line, boosting the UK's digital infrastructure as part of Project Reach.

Wales Tech Week returns to ICC Wales this November, spotlighting the nation's tech innovation, global talent, and ambitions for a resilient digital economy.

British firm TMT ID secures GBP £30m from BGF to expand real-time age verification and fraud prevention globally, focusing on the US market.

AI-powered payment systems now approve credit and detect fraud in milliseconds, revolutionising the speed and security of financial transactions.

UK tech consultancies waste GBP £3.06 billion annually on idle IT skills despite widespread talent shortages affecting 81% of businesses.

UK consultancies lose over GBP £3bn annually as thousands of IT experts remain idle despite widespread digital skills shortages, says BenchBee analysis.

A Cloudflare outage disrupted major online services worldwide, revealing how fragile the global digital economy and payments infrastructure have become.

AI is reshaping the job market, creating new roles and skills while shifting human labour towards innovation and human-AI collaboration across industries.

Organisations must prioritise building digital skills in-house through AI-powered learning to close widening gaps and thrive by 2026 amid rapid tech change.

The UK's new Cyber Resilience Bill broadens digital security rules, demanding action from data centres and service providers to strengthen supply chain cyber defences.

Microsoft Azure's outage exposed security risks, disrupting key services used by UK organisations and sparking calls for a diversified, sovereign cloud strategy.

Elemental Concept has launched a German office led by Georg Brunner to boost its expansion across Europe's largest ICT market, focusing on AI, cybersecurity, and cloud.

Pave Bank secures USD $39 million to expand its programmable banking platform, merging traditional finance and digital asset management for institutions.