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David Whitmore

Finance & Markets Correspondent

Covers: Finance, capital markets, technology investing

55 articles

David Whitmore covers the intersection of capital and code — the funding rounds, market structures and policy moves that shape how money flows through the technology economy.

Settlement-first tokenisation in the UK
Finance UK
Settlement-first tokenisation in the UK
UK regulators are linking tokenisation to market-plumbing readiness around legal certainty, settlement finality and s...
Bank of England Turns Tokenisation Into A Settlement-Hours Problem
Finance UK
Bank of England Turns Tokenisation Into A Settlement-Hours Problem
The UK regulators are now testing whether wholesale tokenisation can fit into a 24/7-style settlement architecture an...
FCA AI Input Zone Makes Evidence The Next UK Finance Test
Finance UK
FCA AI Input Zone Makes Evidence The Next UK Finance Test
The FCA is asking for examples before writing fresh AI practice notes, while the Bank, FCA and Treasury have already ...
FCA Scale-Up Unit Turns Fintech Growth Into A Supervisory Test
Finance UK
FCA Scale-Up Unit Turns Fintech Growth Into A Supervisory Test
The FCA has opened its Scale-up Unit to solo-regulated firms, but the thresholds show the offer is aimed at mature fi...
FCA Crypto Deadline Turns Scope Into The First Authorisation Test
Finance UK
FCA Crypto Deadline Turns Scope Into The First Authorisation Test
With the perimeter-guidance consultation closing on 3 June, UK crypto firms face their first practical test before th...
UK Money-Market-Fund Reform Turns Cash Management Into A Resilience Test
Finance UK
UK Money-Market-Fund Reform Turns Cash Management Into A Resilience Test
HM Treasury and the FCA are moving MMF resilience into the UK rulebook, forcing institutions to review cash-like fund...
The FCA has stopped calling financial crime a compliance problem
Finance UK
The FCA has stopped calling financial crime a compliance problem
Nikhil Rathi's 14 May speech reframes UK fraud and money laundering as economic and national security risk. The doctr...
UK Ring-Fencing Reform Is Becoming A Shared-Services Test
Finance UK
UK Ring-Fencing Reform Is Becoming A Shared-Services Test
The PRA and Treasury are not removing the post-crisis wall around retail deposits; they are testing whether the wall ...
The UK Bill That Folds the PSR Into the FCA Is Also Recompiling SMCR and the FOS
Finance UK
The UK Bill That Folds the PSR Into the FCA Is Also Recompiling SMCR and the FOS
The Enhancing Financial Services Bill absorbs the Payment Systems Regulator into the FCA, cuts SMCR's statutory burde...
FCA AI Input Zone Closes 19 June: The Only On-Ramp Left for Firms Outside the Live Testing Cohort
Finance UK
FCA AI Input Zone Closes 19 June: The Only On-Ramp Left for Firms Outside the Live Testing Cohort
If you are not one of the eight firms inside the FCA's AI Live Testing cohort, the reopened Input Zone is your last p...
Bank of England Makes AI A Financial Stability Workstream
Finance UK
Bank of England Makes AI A Financial Stability Workstream
The FPC's 2026-2029 priorities turn financial AI from a firm-level compliance issue into a system-wide resilience and...
Bank of England Turns Tokenisation Into A Settlement-Hours Problem
Finance UK
Bank of England Turns Tokenisation Into A Settlement-Hours Problem
The UK’s latest tokenisation package is really about RTGS hours, synchronisation and whether digital securities can s...
FCA AI Live Testing: how UK firms are being pushed into auditable compliance
Finance UK
FCA AI Live Testing: how UK firms are being pushed into auditable compliance
The FCA’s latest testing and review tracks suggest a shift toward auditable AI compliance, especially where customer-...
Frontier AI Security: BoE, FCA and HM Treasury push UK firms toward tougher cyber resilience
Finance UK
Frontier AI Security: BoE, FCA and HM Treasury push UK firms toward tougher cyber resilience
A joint UK financial-authority statement and NCSC guidance have sharpened expectations for firms using frontier AI, w...
FCA AI Live Testing Is Turning UK Compliance Into Evidence Work
AI & ML UK
FCA AI Live Testing Is Turning UK Compliance Into Evidence Work
The regulator’s second AI Live Testing cohort points to a harder standard for banks and fintechs: live controls, meas...
Frontier AI Has Become A Cyber Resilience Test For UK Finance
AI & ML UK
Frontier AI Has Become A Cyber Resilience Test For UK Finance
The Bank of England, FCA and Treasury are telling regulated firms to treat frontier-model cyber risk as an operationa...
Britain's £24bn AI Gamble: Sovereign AI Unit, South Wales Growth Zone, and the Government's Biggest Tech Bet Yet
AI & ML UK
Britain's £24bn AI Gamble: Sovereign AI Unit, South Wales Growth Zone, and the Government's Biggest Tech Bet Yet
The Starmer government has unveiled its most ambitious AI investment package to date — £24.25 billion in private comm...
FCA Opens AI Sandbox to More Firms as Britain Bets on Principles Over Rules
Finance UK
FCA Opens AI Sandbox to More Firms as Britain Bets on Principles Over Rules
The Financial Conduct Authority has expanded its Supercharged Sandbox with NVIDIA compute while pledging no new AI re...
London's Fintech Founders Are Winning the AI Seed Race — Here's Why 2026 Is Different
Finance UK
London's Fintech Founders Are Winning the AI Seed Race — Here's Why 2026 Is Different
UK fintechs are capturing a disproportionate share of global AI seed capital as ARIA's £2.5bn R&D commitment and a 41...
Forty Per Cent of Britons Are Turning to AI Chatbots for Financial Advice — and Regulators Are Running to Catch Up
Finance UK
Forty Per Cent of Britons Are Turning to AI Chatbots for Financial Advice — and Regulators Are Running to Catch Up
Millions of UK consumers are filling the advice gap with ChatGPT and Claude. The FCA is watching — but without new ru...
Millions Turn to AI Chatbots for Financial Advice — Outside FCA Protection
Finance UK
Millions Turn to AI Chatbots for Financial Advice — Outside FCA Protection
The FCA's latest Perimeter Report warns that consumers seeking financial guidance from general-purpose AI tools have ...
Quantum Motion's $160m Round Puts UK Quantum to the Test
Tech UK
Quantum Motion's $160m Round Puts UK Quantum to the Test
London startup Quantum Motion says its $160 million Series C can push silicon quantum hardware into ordinary data-cen...
City of London Seeks Tech Partners for Digital ID Network as AI Scam Pressure Rises
Finance UK
City of London Seeks Tech Partners for Digital ID Network as AI Scam Pressure Rises
A proposed shared verification layer across banks and fintechs could deliver nearly £5bn in benefits over five years,...
Rightmove's AI Push Grows, but Buyers Still Search the Old Way
Tech UK
Rightmove's AI Push Grows, but Buyers Still Search the Old Way
Rightmove kept its 2026 outlook intact after lifting active AI projects to 43, but less than 0.5 per cent of traffic ...
Lloyds Taps Google to Build 'Envoy' AI Agent Platform as Industry Warns of PPI-Speed Scandal Risk
Tech UK
Lloyds Taps Google to Build 'Envoy' AI Agent Platform as Industry Warns of PPI-Speed Scandal Risk
Britain's largest retail bank is constructing an internal marketplace where teams can build, publish and deploy AI ag...
Revolut's $100bn Secondary Sale Sets the Stage for Europe's Defining IPO — and London's Biggest Listing Test Since Arm
Finance UK
Revolut's $100bn Secondary Sale Sets the Stage for Europe's Defining IPO — and London's Biggest Listing Test Since Arm
With a full UK banking licence in hand, record 2025 profits and a secondary share sale being readied for the second h...
Britain's Sovereign AI Unit Deploys Eight Investments in a Fortnight, Anchored by Europe's Largest Ever Seed Round
AI & ML UK
Britain's Sovereign AI Unit Deploys Eight Investments in a Fortnight, Anchored by Europe's Largest Ever Seed Round
The government's £500m venture fund has moved at a pace Whitehall rarely matches, co-investing in Ineffable Intellige...
HMRC's Making Tax Digital for Income Tax Hits Three Weeks Live: 780,000 Self-Employed Quietly Onboarded Before the August Submission Cliff
Finance UK
HMRC's Making Tax Digital for Income Tax Hits Three Weeks Live: 780,000 Self-Employed Quietly Onboarded Before the August Submission Cliff
Three weeks after Britain's biggest self-assessment overhaul went live on 6 April, HMRC has a soft-landing penalty re...
Wise's Primary Listing Switches to Nasdaq on 11 May, and London Counts What It Loses With Its Loudest Fintech Crown Jewel
Finance UK
Wise's Primary Listing Switches to Nasdaq on 11 May, and London Counts What It Loses With Its Loudest Fintech Crown Jewel
With High Court approval secured and a £1.61bn full-year income print already on the tape, Wise's transfer to a New Y...
Barclays Q1 2026 Preview: Venkat's £10bn Distribution Pledge Reaches Its Decisive Quarter as Investment Bank Faces Its Spring Test
Finance UK
Barclays Q1 2026 Preview: Venkat's £10bn Distribution Pledge Reaches Its Decisive Quarter as Investment Bank Faces Its Spring Test
Barclays opens its 2026 reporting cycle on Thursday in the year that was meant to deliver chief executive C.S. Venkat...
Lloyds Q1 2026 Preview: Charlie Nunn's Strategic-Plan Finale Opens With Motor Finance Cloud Still Overhead
Finance UK
Lloyds Q1 2026 Preview: Charlie Nunn's Strategic-Plan Finale Opens With Motor Finance Cloud Still Overhead
Britain's biggest mortgage and current account franchise reports on Thursday in the first quarter of the year that is...
AstraZeneca Q1 2026: Cancer Pipeline Drives Top-Line Beat as City Holds Soriot to His $80bn Revenue Vow
Finance UK
AstraZeneca Q1 2026: Cancer Pipeline Drives Top-Line Beat as City Holds Soriot to His $80bn Revenue Vow
Cambridge-headquartered FTSE 100 heavyweight posts another double-digit oncology quarter, but Isomorphic Labs collabo...
FCA's Industry-Wide Motor Finance Redress Scheme Goes Live, Putting a Number on Britain's Biggest Conduct Bill in a Decade
Finance UK
FCA's Industry-Wide Motor Finance Redress Scheme Goes Live, Putting a Number on Britain's Biggest Conduct Bill in a Decade
Lloyds, Close Brothers, Santander UK and Barclays face the first wave of automated calculations under the Financial C...
Mansion House Accord at One Year: British Pension Capital Inches Towards UK Growth, but the Numbers Tell a Cautious Story
Finance UK
Mansion House Accord at One Year: British Pension Capital Inches Towards UK Growth, but the Numbers Tell a Cautious Story
Twelve months after Rachel Reeves used her first Mansion House address to reset the City's pension reform agenda, def...
Octopus Energy Edges Closer to Kraken Spinoff as London Eyes Its Next Big Tech Float
Tech UK
Octopus Energy Edges Closer to Kraken Spinoff as London Eyes Its Next Big Tech Float
Greg Jackson's energy-platform business is being readied for separation, and the City is paying attention. April brin...
Treasury Stalls on Designating AI and Cloud Giants as Critical Third Parties, Risking Year-End Showdown With Hillier
Finance UK
Treasury Stalls on Designating AI and Cloud Giants as Critical Third Parties, Risking Year-End Showdown With Hillier
HM Treasury's 16 April response to the Treasury Select Committee declined to commit to bringing AWS, Microsoft, Googl...
UK Quantum Strategy at 2.5 Years: Where the £2.5bn Is Flowing and Whether NQCC Can Hold Britain's Lead
Tech UK
UK Quantum Strategy at 2.5 Years: Where the £2.5bn Is Flowing and Whether NQCC Can Hold Britain's Lead
The National Quantum Strategy passes the halfway point of its first phase with funded national infrastructure in plac...
HSBC Q1 2026 Preview: Elhedery's Restructuring Scorecard and AI Cost Programme Under City Spotlight
Finance UK
HSBC Q1 2026 Preview: Elhedery's Restructuring Scorecard and AI Cost Programme Under City Spotlight
Tuesday's print is the first full quarter to land entirely under Georges Elhedery's reshaped operating model. Investo...
Arm's Q4 FY26 Preview: Cambridge's AI Royalty Engine Faces Its Loudest Quarter Yet
Tech UK
Arm's Q4 FY26 Preview: Cambridge's AI Royalty Engine Faces Its Loudest Quarter Yet
Investors want proof that Compute Subsystems and Armv9 royalty uplift can outrun a softer smartphone cycle and Beijin...
One Year on From Illegal Harms Codes, Ofcom's Online Safety Enforcement Pipeline Starts Delivering Fines
Tech UK
One Year on From Illegal Harms Codes, Ofcom's Online Safety Enforcement Pipeline Starts Delivering Fines
Thirteen months after the Online Safety Act's illegal-content duties came into force, Ofcom has opened more than 20 f...
AI Growth Zones at One Year: Culham Builds, but Britain's AI Compute Push Hits the Grid Queue
Tech UK
AI Growth Zones at One Year: Culham Builds, but Britain's AI Compute Push Hits the Grid Queue
A year on from Matt Clifford's AI Opportunities Action Plan, the UK's first AI Growth Zone is taking shape on a forme...
CMA Lines Up Strategic Market Status Probe into AWS and Microsoft Cloud as DMCC Regime Reaches the City
Tech UK
CMA Lines Up Strategic Market Status Probe into AWS and Microsoft Cloud as DMCC Regime Reaches the City
Eight months after the cloud market investigation closed, City lawyers expect the Competition and Markets Authority t...
London's AIM Market at a Crossroads as Treasury Weighs Reform and Tech Listings Drought Deepens
Finance UK
London's AIM Market at a Crossroads as Treasury Weighs Reform and Tech Listings Drought Deepens
With the junior bourse's company count near three-decade lows and last autumn's tax-relief cut still biting, calls ar...
FCA Names Eight Firms for Second AI Live Testing Cohort as City Doubles Down on Agentic Finance
Finance UK
FCA Names Eight Firms for Second AI Live Testing Cohort as City Doubles Down on Agentic Finance
Barclays, Lloyds, UBS and five fintechs join the regulator's expanded sandbox programme as London races to set the gl...
Bank of England Stress-Tests AI Risk: FPC Begins Scenario Analysis on Agentic Trading and Cloud Concentration
Finance UK
Bank of England Stress-Tests AI Risk: FPC Begins Scenario Analysis on Agentic Trading and Cloud Concentration
The April 2026 Financial Policy Committee record reveals fresh BoE simulations probing herding, cyber exposure and pr...
Private Credit Crosses $2 Trillion: The Shadow Banking Boom Reshaping Corporate Finance
Finance UK
Private Credit Crosses $2 Trillion: The Shadow Banking Boom Reshaping Corporate Finance
The private credit market has surpassed $2 trillion in assets under management, overtaking traditional leveraged loan...
GPT-5 Is Here: OpenAI's Most Capable Model Yet Redefines What AI Can Reason Through
AI & ML UK
GPT-5 Is Here: OpenAI's Most Capable Model Yet Redefines What AI Can Reason Through
OpenAI's GPT-5 arrives with a one-million-token context window, native multimodality, and benchmark scores that leave...
Quantum Computing Crosses a Critical Threshold — and the Race to Production Just Got Real
Tech UK
Quantum Computing Crosses a Critical Threshold — and the Race to Production Just Got Real
A trio of competing quantum research teams have independently demonstrated error-corrected logical qubits that outper...
America's GENIUS Act Is Now Law — And the $230 Billion Stablecoin Market Will Never Be the Same
Finance UK
America's GENIUS Act Is Now Law — And the $230 Billion Stablecoin Market Will Never Be the Same
The GENIUS Act creates the first US federal framework for payment stablecoins, forcing Tether, Circle, and a wave of ...
The Digital Money Race: 134 Nations Are Now Testing CBDCs as Cash Transactions Hit Historic Lows
Finance UK
The Digital Money Race: 134 Nations Are Now Testing CBDCs as Cash Transactions Hit Historic Lows
From China's digital yuan to the European Central Bank's advancing digital euro, central bank digital currencies are ...
AI's Power Problem: Data Centres Are Now Consuming Over 5% of Global Electricity
AI & ML UK
AI's Power Problem: Data Centres Are Now Consuming Over 5% of Global Electricity
As hyperscale AI infrastructure expands at breakneck pace, the world's power grids are buckling under demand — and te...
Chips and Sovereignty: How the Great Semiconductor Decoupling Is Reshaping the Global Tech Industry
Tech UK
Chips and Sovereignty: How the Great Semiconductor Decoupling Is Reshaping the Global Tech Industry
Four years after the CHIPS Act passed with bipartisan fanfare, fabs are rising in Arizona and Ohio — but the race to ...
The Agentic Workforce: How Autonomous AI Agents Are Rewriting White-Collar Work
AI & ML UK
The Agentic Workforce: How Autonomous AI Agents Are Rewriting White-Collar Work
With Salesforce reporting 5,000+ enterprise deployments and Microsoft counting 85,000 organisations running custom AI...
The $25 Billion Developer Tools Arms Race: Inside AI Coding's Winner-Take-Most Market
AI & ML UK
The $25 Billion Developer Tools Arms Race: Inside AI Coding's Winner-Take-Most Market
With Cursor valued at nearly $10 billion and GitHub Copilot embedded across 50,000 organisations, the AI coding assis...
EU AI Act at Eight Months: GPAI Rules Expose the Gap Between Policy and Practice
AI & ML UK
EU AI Act at Eight Months: GPAI Rules Expose the Gap Between Policy and Practice
Eight months after the EU's General Purpose AI rules came into force, compliance audits are revealing a harsh truth: ...