Digital Economy stories - Page 6

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.

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

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

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.

Ripple has acquired GTreasury for USD $1 billion, enhancing its corporate treasury services and expanding digital asset use in global payments.

Cloudinary surpasses three million developer users, launching a Creators Community to boost learning and collaboration in visual digital content worldwide.

Gaps in UK fibre networks delay data centre growth and threaten the nation's ambitions to lead in artificial intelligence, says Neos Networks research.

Tata Consultancy Services will create 5,000 UK jobs and open a new AI Experience Zone and Design Studio in London, boosting innovation and skills.

Ransomware attacks hit a record in Q3 2025 as new alliances broaden targets to sectors like healthcare and critical infrastructure worldwide.

Microsoft partners with Checkout.com, adopting Azure cloud to enhance digital payments with AI, boosting speed and security for global merchants.

The IOEMA subsea cable lands at Greenhouse Datacenters in Naaldwijk, bolstering digital connectivity and AI-ready infrastructure across the Netherlands and Northern Europe.

Generative AI is empowering 62% of small UK businesses to innovate and compete, unlocking growth without the major costs faced by larger firms.

Research reveals UK and Irish SMEs are increasingly worried about data sovereignty, with many unclear on implications amid new post-Brexit and EU laws.