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Edinburgh-based AI fintech firm Aveni.ai has won the coveted "Fintech of the Year" award at the 2024 Scottish Financial Technology Awards. The ceremony, held at the Sheraton Grand Hotel, marked the start of the Scotland Fintech Festival and celebrated the achievements of the Scottish fintech sector.

Companies House has introduced new powers to drive better compliance and supports the agency in improving the accuracy of the UK company register and crack down on misuse. Registered companies are being warned to keep on top of their responsibilities ahead of new penalties being applied. 

Allia C&C, a leading financial services firm focused on charities and mission-driven businesses, is delighted to announce it has made grants totalling £150,000 to support high impact projects across Scotland. This is the first stage in a programme of grants which it expects to make across

The OECD has significantly upgraded its UK economic growth forecast for 2024, now predicting a 1.1% expansion. This marks the largest upward revision among G7 nations and places the UK alongside France and Canada for growth. However, the OECD also warns of persistent inflationary pressures, with cor

Cracking down on insurance fraud remains a top priority for the industry as its latest figures reveal £1.1 billion worth of fraudulent claims were detected last year, up 4% on 2022, according to the Association of British Insurers (ABI). Insurers identified 84,400 fraudulent claims in 2023, 11

An English man who won the lottery and fulfilled his dream of creating a crazy golf course in his garden is welcoming organisations supporting people with disabilities to test it out. 

From 7 October 2024, victims of authorised push payment (APP) scams will be able to claim a maximum reimbursement of £85,000 for losses incurred through Faster Payments and CHAPS, the Bank of England's Payment Systems Regulator (PSR) has confirmed. This decision by the PSR board reduces t

The Scottish Government has reaffirmed its support for the construction of 2,800 mid-market rent homes with £100 million of investment. As announced as part of the 2024-25 Programme for Government, funding will be used alongside institutional investment – such as pension funds – to

Paul Diggle, chief economist at abrdn, has highlighted the firm's expectation for the major developed market policy rates to eventually fall below 3% by the end of this cutting cycle in 2026. He said: "We maintain our call for a soft landing in the US economy, as inflation risks have moderated and r

Robert P. Slight & Sons, a Scottish company with links to the construction of Capitol Hill in 1825, has made the move to employee ownership. 

The founders of Styled by Macs are gearing up for expansion and targeting customers across the UK following the success of their Linlithgow clothing boutique in its first 18 months.

Amazon UK has paid corporation tax for the first time since 2020 after the super-deduction tax break introduced by Rishi Sunak came to an end. 

The Financial Reporting Council (FRC) has told audit firms in the UK to report any plans to sell stakes in their businesses to private equity.  Richard Moriarty, chief executive of the FRC, wrote this week to the bosses of the UK’s top accounting firms stating that the FRC was not against

New research released today by KPMG has revealed boosting their savings would be a top priority if the impact of the cost-of-living crisis was to ease. KPMG UK’s Consumer Pulse survey gauged the quarterly confidence and buying behaviour of 3000 UK consumers across regions, ages and income grou

The UK Infrastructure Bank (UKIB) has announced a £20 million investment in subsea HVDC cable manufacturer XLCC to develop a new world-leading factory in Hunterston.