Three quarters of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology within 12 years, according to forecasts published in a new report produced by analysts at Gartner.
Published 30 October 2018
Chancellor of the Exchequer Philip Hammond is today expected to announce the creation of a new 50 pence coin to commemorate Brexit during his Budget announcement in the House of Commons this afternoon.
Published 29 October 2018
A work of art created by an algorithm has been sold at auction for $432,000 (£337,000), nearly 45 times its high estimate.
Published 26 October 2018
The record for the most spent by UK shoppers using credit cards in a single month was broken last month, new industry figures have revealed.
Published 25 October 2018
Global technology giant Mircrosoft has joined forces with National Australia Bank to develop an ATM machine that uses AI technology and facial recognition instead of cards or even a phone or finger pint analysis.
Published 24 October 2018
More than a third of millennials (37 per cent) are suffering from FOFO (Fear of Finding Out), meaning they are consistently nervous of checking their bank balance, new research from Barclays has revealed.
Published 23 October 2018
Insurance policy documents are now so hard to understand that university-level reading abilities may be required to make sense of them and even industry experts struggle to cut through the jargon, a new investigation has found.
Published 22 October 2018
Scottish hipster brewer BrewDog has opened its first "cashless bar" in Canary Wharf, accepting Bitcoin payments in lieu of pounds sterling.
Published 19 October 2018
A man has been arrested in Russia after taking advantage of a local ATM which was wrongly filled with $100 notes.
Published 18 October 2018
Dundee's McManus Museum has recreated Banksy's painting-shredding stunt as part its Beano artwork exhibition.
Published 17 October 2018
The Royal Mint is developing an 18-carat gold credit card worth around £3,000 for its "partners in the top end of the market".
Published 16 October 2018
Police are searching for thieves who stole a whole vineyard of grapes.
Published 15 October 2018
And finally...former accountant and World War II hero has medals presented to niece after decades in firm's safe
The niece of a WWII Glasgow veteran has had her uncle’s medals presented to her after decades of being missing.
Published 12 October 2018
Bloomberg’s European headquarters has been named the UK’s best new building, winning the 2018 RIBA Stirling Prize.
Published 11 October 2018
A business in South Ayrshire that has become so concerned about the negative impact of US President Donald Trump’s nearby golf resort is having on its trade that it may be forced to change its name.
Published 10 October 2018