IOS Engineer

As digital technology continues to reshape the financial landscape, banking preferences are shifting in significant ways. Traditional bank branches, once the cornerstone of personal finance, are becoming less central to people’s banking needs.To explore how preferences are changing when it comes to their banking habits, SumUp conducted a nationwide survey, gathering insights from UK consumers about banking. The findings offer valuable insights into whether people would consider switching to a fully digital, branchless bank, how often they visit their bank branches, and the changes they have noticed in services offered.Would Brits consider switching to a fully digital, branchless bank?With the rise of mobile banking technology, a growing number of digital, branchless banks are emerging across the UK, offering a seamless and convenient banking experience. As traditional bank branches become less essential for everyday banking, would people consider switching to a fully digital bank?For 18% of people in the UK, the move to a fully digital bank has already been made, and an additional 23% are open to making the switch, saying that they can see key advantages such as greater convenience and lower fees. However, a quarter (25%) expressed their interest but would require more information before committing to a digital-only bank. Whilst on the other hand, a third of people (33%) remain attached to traditional banking, preferring the security and familiarity of physical branches.Banking preferences vary across age groups

Global fintech SumUp has been appointed the official payment processor for the world’s most popular live entertainment, leisure, and retail destination, The O2.The multi-year deal, brokered by AEG Global Partnerships, covers supply of payment processing on-site (including SumUp’s point of sale solutions as well as self-service Kiosk) and sponsorship of payment processing across the arena. SumUp will dovetail with American Express, the preferred method of payment at The O2 (Amex customers receive benefits like exclusive concession offers with American Express cards and access to the American Express® Lounge).Located on the Greenwich peninsula across the river from Canary Wharf, The O2 has welcomed over 100 million visitors since opening in 2007, and hosts over 200 events a year from the biggest names in music, sport, comedy and entertainment. Looking ahead, The O2 will host a UK-exclusive residency with global superstar Usher, who will be bringing his hotly anticipated tour to the venue for 10 nights in April, as well as standout shows from Billie Eilish, Katy Perry, and more.SumUp provides its services to large event venues and organisations such as Goodwood, Aviva Stadium, and The National Theatre. For the event and entertainment industry, SumUp’s Commercial Enterprise Team provides a full turn-key solution for large hospitality partners, plus; reliability, and depth of SumUp’s product suite make the company a compelling partner. SumUp offers a range of payment processing options (card readers, Point of Sale, and other self-service options for customers, such as kiosks, and table-ordering options) and advanced back-of-house features (such as inventory, data management and powerful CRM tools) to empower venues to deliver an enhanced guest experience through SumUp’s business tools, for enterprise.Joey Oliver, Commercial Lead at SumUp: “SumUp makes business simple for merchants of all sizes and needs. We have been working with prominent event venues for several years – including The O2 – providing our best-in-class point-of-sale solutions for high-stakes, fast turnaround vendors who need consistent delivery, at scale

Recognized as one of the most dynamic and innovative ecosystems globally, the UK is home to a thriving network of startups, scale-ups, and established tech giants. With strong infrastructure, access to venture capital, and a highly skilled workforce, the UK remains a global leader in sectors like fintech, artificial intelligence, and digital health. In 2024, the UK maintained its leading position, raising €17.5 billion (23.6% of total investments) across more than 861 deals. While the country retained its position from the previous year, the total amount raised was approximately 30% lower than in 2023, when UK companies raised €24.7 billion. Nevertheless, the ecosystem faces challenges, such as a shortage of tech talent due to competition with global markets, high operating costs, and uncertainties around post-Brexit regulatory frameworks. Despite these obstacles, the UK’s tech sector remains resilient, continuing to attract significant investment and foster innovation