Key findings

§  UK tech companies indicate loss of momentum in the final quarter of 2018

§  Business activity expands at slowest pace since Q4 2015

§  Tech sector much more upbeat than the rest of the UK economy regarding business outlook in 2019

KPMG UK Tech Monitor Index

Above 50 = growth, seasonally adjusted

Sources: KPMG, IHS Markit

The Nottingham Building Society has today announced its Chief Risk Officer, Charles Roe, has been appointed as an Executive Director of the Society.

Charles joined The Nottingham in April 2018 as Chief Risk Officer and is accountable for the design of the Society’s risk monitoring plans, ensuring they provide assurance and control over key risks; and assessing the effectiveness of The Nottingham’s Risk Management Framework.

The public consultation process for the draft international privacy information management standard, ISO/IEC 27552, is now open until 25 February 2019.

Senior insurance executives to explore the AI-enabled personalization of insurance products to increase customer loyalty.

People's United Bank, N.A., a subsidiary of People's United Financial, Inc., has acquired 

Certify, a leading provider of financial management software, has launched Certify Purchasing, a new solution for finance professionals.  

Wirecard, the global innovation leader for digital financial technology, has signed a cooperation agreement with the leading watch manufacturer Swatch. 

Payment processing company CoinGate teamed up with a privacy service provider Surfshark for a pilot project of the long-anticipated Litecoin Lightning Network (LN) solution. Surfshark is the first company in the world to accept Litecoin payments via the Lightning Network during the test phase, which begins on 17 January 2019.

KeyBank National Association today announced that KeyBank and Laurel Road Bank have entered into a definitive agreement for the acquisition by Key of Laurel Road's digital lending business; Laurel Road's three bank branches located in southeast Connecticut are not part of this transaction. 

Following the MoU signed last year, the financial companies Inditrade Capital and Robocash Group have launched an online service for short-term consumer lending in India. Given the increasing demand for digital lending, the service is expected to lead the segment in India in a period of 3 to 5 years.