Finance stories - Page 5

UK payments firm yetipay has raised GBP £3.5 million to fuel growth and new products for hospitality and retail, boosting annual revenues sevenfold.

Multi-academy trusts warn finances will worsen in 2025-26, with 48% vulnerable and rising costs forcing cuts in staff and services amid insufficient funding.

A Black Kite report reveals most third-party vendors in finance show major cyber security flaws, posing serious risks despite fewer direct attacks on institutions.

Seventy percent of CFOs still rely on Excel for finance despite risks of costly errors, data breaches, and lack of control over critical financial data.

Endava appoints Alastair Lukies as Chief Engagement Officer and Rob Machin as Chief People and Locations Officer to boost AI-led growth and global engagement.

IDnow and Keyless have partnered to enhance digital identity checks by combining biometric authentication with identity verification, bolstering security and privacy.

Aspire Technology Solutions and CSS Assure have joined forces to enhance cyber resilience for UK organisations facing rising sophisticated cyber threats.

Asia-Pacific leaders show the lowest confidence in AI effectiveness globally, yet 70% report steady ROI gains from current AI investments.

UK credit card balances rose to an average of GBP £1,875 in April 2025 as payments dropped to 33.98%, highlighting ongoing household financial strain.

CaseCraft.AI has raised GBP £550,000 to enhance its AI-driven platform aimed at simplifying small claims resolutions across the UK.

Tata Consultancy Services will automate the Council of Europe Development Bank's reconciliation processes to boost efficiency and handle complex transactions.

A survey finds 65% of UK business leaders rank AI as vital as water and energy, with 93% urging swift adoption alongside calls for thoughtful oversight.

Businesses adopting AI with hybrid pricing models see subscription growth rates double, outperforming those who do not adjust pricing alongside AI integration.

HCLTech and UiPath have partnered to deliver scalable agentic automation, combining AI and automation to boost business agility and efficiency globally.

UK firms are extending FX hedge lengths in 2025 amid tariff-driven volatility, benefiting from a weaker US dollar and favourable exchange rates.

Nintex launches Solution Studio, a portal enabling businesses to build custom AI-powered automation to streamline workflows and enhance operational efficiency.

Amid tariff-driven volatility and a rising pound, 54% of UK firms lengthen FX hedges, securing financial protection amidst shifting market conditions.

Attara appoints Hani Elmalky as Chief Technical Advisor to enhance its tech-driven commodity hedging platform for UK SMEs and corporates.

Workday has launched new Illuminate AI agents to boost HR and finance productivity, streamlining hiring, contracts, and frontline worker support.

Celonis unveils AI-driven upgrades to AgentC, integrating Orchestration Engine and launching Solution Suites for supply chain, finance, sustainability, and more.