AISoftwareTechnology

AI Platform Boost Enhances Offshore Safety Reporting for Bumi Armada UK Operations

An Aberdeen-based safety specialist has teamed up with Bumi Armada UK to transform safety reporting through artificial intelligence. The partnership leverages the Boost platform to address critical gaps in hazard identification and life-saving rule compliance. Early deployments show dramatic improvements in reporting quality and risk visibility across offshore operations.

Transforming Safety Reporting Through AI Partnership

An innovative collaboration between process safety specialist Empirisys and global offshore energy services provider Bumi Armada UK is reportedly revolutionizing how safety observations are processed and analyzed in the energy sector. According to reports, the partnership centers around Boost, an AI-driven platform designed to enhance safety reporting and leadership decision-making for offshore operations.

BusinessStartupsTechnology

Allica Bank Expands into Embedded Finance with Kriya Acquisition

Allica Bank has acquired Kriya in a strategic move to enter the embedded finance market. The combined entity reportedly aims to advance £1 billion in working capital financing to UK small and medium businesses within three years while maintaining Kriya’s brand and leadership.

Strategic Acquisition Expands Embedded Finance Capabilities

Allica Bank has reportedly acquired Kriya in a strategic move to enter the embedded finance market, according to recent reports. Sources indicate the combined offering will provide flexible working capital and PayLater options specifically tailored for small and medium-sized businesses (SMBs) across the United Kingdom.

BusinessEnergyGovernment

UK Energy Industry Demands Regulatory Overhaul Amid Rising Consumer Costs

Britain’s energy sector is pushing for significant regulatory reforms, with industry representatives accusing Ofgem of excessive bureaucracy that has driven up consumer costs. The trade association proposes transferring consumer protection duties to the Competition and Markets Authority as part of a broader restructuring effort.

Industry Calls for Regulatory Reform

Britain’s energy sector is demanding a fundamental restructuring of industry regulator Ofgem, with sources indicating the watchdog has overseen significant increases in domestic energy bills while hampering economic growth. According to reports from Energy UK, the trade association representing major energy companies, the regulator has expanded its bureaucracy while failing to control costs effectively.