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The CEO of the Institute of Chartered Accountants of Scotland (ICAS), Bruce Cartwright CA, has written an open letter in response to former Chancellor Jeremy Hunt's suggestions that graduates should avoid accountancy as AI usage increases. Speaking on the Jimmy's Jobs of the Future podcast, Mr

Edinburgh-headquartered Aveni.ai, a specialist in AI for financial services, has agreed a new partnership with Octopus Money. Following a successful trial, Octopus Money has adopted Aveni Detect and Aveni Assist across its adviser and coaching teams. Octopus Money’s model offers highly persona

A significant majority of Scottish small and medium-sized enterprises (SMEs) have said they are prioritising artificial intelligence (AI) to enhance productivity, according to a recent survey by ClearSky Logic.

The Royal Institution of Chartered Surveyors (RICS) is launching a consultation for a second edition of its financial crime standard.

Edinburgh-based Aveni.ai, specialist in AI for financial services, has been selected by credit reference agency Equifax UK as a strategic AI partner. The Aveni Detect solution has been deployed by Equifax UK, helping to streamline quality assurance processes and reduce the amount of manual checking

Edinburgh-based consultancy Optima Partners – which helps businesses solve challenges by integrating AI, machine learning, and GenAI – has announced a record year of expansion, achieving 40% turnover growth in FY24. This hypergrowth, as defined by the World Economic Forum, puts the firm

Edinburgh's Smart Data Foundry has renewed its long-standing collaboration between its synthetic data engine, Aizle, and the Financial Conduct Authority (FCA). The new collaborative agreement, which will run until September 2025, will expand the FCA’s data capabilities, with access to more syn

With the largest generational transfer of wealth expected to take place in the UK by 2050, financial advice firms have the opportunity to start capturing a significant market of those currently not using an adviser with bespoke AI tools, according to Edinburgh-based AI fintech Aveni. A new survey by

Supermarket chain Aldi is piloting a new £10 pre-payment system at its checkout-free Shop & Go store in Greenwich, London.

Glasgow-based AI chatbot and messaging technology company Konversable has raised £300,000 following a successful funding round. The round attracted investment from a broad range of UK and global high net worth business angels, with support provided by commercial law firm Davidson Chalmers Stew

Egg producer Farmlay has hatched a plan to almost double productivity for 2025 with a £2.4 million investment in a state-of-the-art grader.  AI-based computer vision technology is at the heart of the new grading equipment that will be rolled out at Farmlay, Scotland’s second biggest

Artificial intelligence developers have made a breakthrough which could save taxpayers and industry billions of pounds through more efficient removal of oil and gas infrastructure.

The Financial Reporting Council (FRC) has updated its guidance for actuaries using artificial intelligence and machine learning (AI/ML). The revised guidance helps actuaries apply the principles of Technical Actuarial Standard 100 (TAS 100) when using these techniques, ensuring the continued product

UK chief executives see implementing generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG. In its 10th annual CEO Outlook survey, KPMG spoke to more than 1,300 CEOs around the wo

A man has been accused of using generative AI to fraudulently obtain more than $10 million (c. £7.6m) in royalties from music streaming services using fake music and fake listeners. New York man Michael Smith, 52, was arrested by the FBI last week in connection with the alleged fraud, which in