British fintech expanding globally, offering digital banking via app
Sir Ian Wood has died at 84, ending a career that transformed a Aberdeen-based fishing yard into a global energy services group. He founded Wood Group, chaired it until 2012, and established the Wood Foundation to tackle inequality in Scotland and Africa. Tributes praise his enterprise, philanthropy and impact on Aberdeen’s economy.
Savers have more options as banks, fintechs and platforms offer easy-access and fixed-rate accounts above 4% in August 2026. Several products include bonuses, with some rates proving short-term; readers should compare terms and ladder strategies to shield value from inflation.
A hacking group calling itself ShinyHunters has claimed it has stolen two to three terabytes of FBI-related data, including a 5,000-line sample with names, addresses, phone numbers, Social Security numbers and assignment details for thousands of current and former FBI employees. The FBI has said it is aware of the claims, has taken the jobs portal offline and has opened an active investigation.
The government has positioned itself as a partner for growth, hosting roundtables with business leaders and regional mayors to push a culture shift toward easier start-ups, reduced costs, and devolved power. Officials warn of a tough Budget environment amid rising borrowing costs and energy prices.
London’s fintech scene is facing tighter funding and pressure to demonstrate success. Firms set up over the past decade must now show results or pivot, with exit opportunities narrowing and investors recalibrating valuations.