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UK tech reacts to the arrival of the Fourth EU Money Laundering Directive


Inbound investment into UK tech ‘reaches 10 year high’


Starling Bank expands to Ireland as it eyes Europe

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‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

Mic Wright


3 years

Mic Wright is the founder and CEO of The XX Corporation, a new kind of media company. He was previously Chief Tech Blogger at The Daily Telegraph, held staff roles at Stuff and Q Magazine and has written for almost every British national newspaper. He currently lives in Dublin and tweets at @brokenbottleboy. ///Read Mic's column every week at Tech City News

Evolve or die: TwitPic’s demise is a timely reminder to startups
posted on October 28, 2014

The Egyptian Plover is known for picking decaying meat from between crocodiles’ teeth but despite tales stretching back to ancient Greek historian Herodotus, no one has ever got a picture of one in the act. There’s probably a good reason for that. Basing your existence on flying into the mouth of a much larger animal is…

Software will change the world – but is it one we want to live in?
posted on October 21, 2014

A robot’s piercing blue eyes stare out from the page. Below the picture the message reads: Dear Students & Graduates, One day my friends and I will take you jobs. For now, you can go to Web Summit for FREE on Wednesday evening, November 5 to learn about the future of jobs. And yes, software…

Politicians need to think smarter but techUK’s proposals don’t go far enough
posted on October 14, 2014

You only have to watch the latest government IT initiative slide past its deadline and way over budget to see the perils of public sector tech projects. The Universal Credit system started out with a projected cost of £2.2bn but has cost an estimated £12.8bn so far with just 0.2% of benefits recipients likely to…

Whether it’s Wonga or The Downtown Project, tech needs to wean itself off wishful thinking
posted on October 7, 2014

It’s odd to think now that Wonga was once the darling of the tech press with concerns about its business model shoved to one side in favour of paeans honouring its awesome algorithms. Last week’s news that the firm will have to write down £220 million in debts for 330,000 customers is just the latest…

Ello should have got its story straight from the start
posted on September 30, 2014

LinkedIn is already littered with blog posts purporting to teach you the marketing lessons to be learned from Ello, the latest social network to seize the meaningless title of “Facebook killer”. The real lesson for startups in its fast rise to minor media obsession is to get your story straight and beware of making promises…

What the Minecraft story teaches us about building startups
posted on September 23, 2014

It’s not about the money. It’s about my sanity. It would be easy to roll your eyes at the final line of Markus “Notch” Persson’s blog post announcing that he’s leaving Mojang after it was acquired by Microsoft for $2.5 billion. Saying a decision isn’t about money from a position of immense wealth is always…

Startups, can you please dream a bit bigger?
posted on September 16, 2014

I opened up ProductHunt this morning as I started to write this column. The first three ideas I saw are typical of the limited dreams of a lot of entrepreneurs today: yet another productivity app, another dating app and an app promising to be “Tinder for apartment hunters”. Meanwhile Elon Musk has said he won’t…

Fashion won’t be what sells the Apple Watch
posted on September 10, 2014

It’s ugly. It’s beautiful. It doesn’t matter. The Apple Watch will sell millions in 2015 when it finally ships. 200 million people already own iPhones that are compatible. The complaints of left-handers, Android-lovers and devotees of the current swathe of smart watches won’t count for much once the device is out in the world. Tim Cook reiterated the…

The rise in corporate accelerators is a cause for celebration
posted on September 2, 2014

Accelerators are far from a new idea. IdeaLab, the first of the type we’ve become used to, was founded in 1996 by Bill Gross and is still going. But the approach is now starting to be picked up by companies far outside the startup world. The latest and most intriguing comes from Bayer Healthcare, making…

Why Uber could power our on-demand future
posted on August 26, 2014

Back in June, I wrote about the widespread criticism of Uber’s $17 billion valuation. I pointed to the potential for the company to become far more than a platform for taxis. Investors have placed their confidence in Travis Kalanick and his team because of a bolder vision to become the underlying architecture for on-demand deliveries…

When the Crush is over: King shows the peril of a one product strategy 
posted on August 19, 2014

It may seem odd to point to a company which just reported second quarter revenues of $594 million as a cautionary example but the latest stumble for King, the maker of Candy Crush, highlights the problem with building success on a single product. While King had been making games for a decade before the sweet…

Is originality in tech overrated?
posted on August 12, 2014

The brilliant idea is prized above all else in Silicon Valley but the success of Berlin-based Rocket Internet highlights something else – it’s execution that matters most. Rocket Internet’s accelerator programme has often been dismissed as a clone factory and last week sold a 10% stake to PLDT the largest telecoms provider in the Philippines,…

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UK tech reacts to the arrival of the Fourth EU Money Laundering Directive
posted 1 hour ago

Inbound investment into UK tech ‘reaches 10 year high’
posted 2 hours ago

Starling Bank

Starling Bank expands to Ireland as it eyes Europe
posted 6 hours ago

FinTech startup Yoyo Wallet gets £12m to expand across Europe
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