UK and Turkey launch joint initiative to develop Islamic fintech March 7, 2019 The UK and Turkey have launched a new joint initiative to develop digital financial technology in the Islamic world. Firms hope to open financial services to the “unbanked population” through cooperation in the Islamic fintech market. Read more: Five fintech trends to watch in 2019 A report by the UK-Turkey Islamic Finance working group, which [...]
Metro Exodus review: Back in the USSR, this long-running series hits an incredible high March 6, 2019 Nobody glorifies misery quite like the Russians. Across centuries of literature, poetry and music, some of humanity’s most brilliant minds have elevated the struggles of ordinary Russian men and women to incredible symphonies of suffering. Times of unparalleled political and social upheaval – the Bolshevik revolution, the rise of Leninism, the Stalinist purges, the threat [...]
Far Cry New Dawn review: An eye-searingly colourful expansion that isn’t afraid to have some fun March 6, 2019 The statute of limitations is probably up on Far Cry 5 spoilers, especially given that this stand-alone sequel, which takes place in the primary-coloured and strangely bucolic wasteland of irradiated post-apocalypse Montana, is set 17 years after the previous game’s finale. The last game ended when deranged evangelist Joseph Seed unexpectedly dropped a nuke on [...]
British identity startup Onfido quietly closes £4m funding from Augmentum Fintech March 6, 2019 Digital identity startup Onfido has quietly closed a £4m investment from Augmentum Fintech, City PM has learned. Documents published by the London-listed fund yesterday revealed the tie-up, which appears to be a one-off injection made last month ahead of an upcoming funding round for the company. Onfido, which makes technology used to verify customer identities [...]
Dialog shares boosted as deal with Apple fails to drag on predictions March 6, 2019 Shares in Dialog Semiconductor rose 2.2 per cent today despite fourth quarter results which showed a drop in revenues and predicted of a further fall in 2019. The Anglo-German chipmaker made a stock market bounce after posting better-than-expected fourth quarter results in the midst of an ongoing $600m (£460m) technology transfer deal with its biggest customer Apple. Read [...]
Regulator warns consumers over illegal cryptocurrency scam March 6, 2019 UK consumers have been warned to avoid an illegal cryptocurrency firm posing as an authorised company. The Financial Conduct Authority (FCA) said Next Coin Market is an fraudulent organisation based in Bulgaria which is attempting to scam UK customers. Read more: JP Morgan launches its own cryptocurrency The company dupes victims by sending customers a [...]
Uber avoids criminal liability following fatal self-driving car collision March 6, 2019 Uber has been cleared of liability by a US court after one of its self-driving cars struck and killed a pedestrian in Arizona in March. A letter from the Yavapai County attorney, made public today, said there was “no basis for criminal liability” for Uber, but that the back-up driver, Rafaela Vasquez, should be referred [...]
How to use an Isa to invest in peer-to-peer loans March 6, 2019 Since peer-to-peer (P2P) lending platforms began to enter the market in 2005, savers have used the services to hand out more than £10bn to borrowers. Aside from providing a significant boost to the UK economy, P2P offers attractive interest rates to lenders by cutting the banking sector from the borrowing process. The Innovative Finance Isa [...]
Cyber security threats are a business risk, not a dark art March 6, 2019 The term “cyber threat” has always carried an illicit ambiguity. It evokes a dark and secretive world populated by precocious teens in hoodies, organised crime gangs, and malevolent nation state actors. By contrast, “operational risk” brings to mind sensible people wearing dark suits and making the world a little less unpredictable for us all. To [...]
Financial institutions beware – big tech is moving into banking March 6, 2019 Despite Brexit uncertainties and stock market collapses, British banks concluded their 2018 earnings season with improved performance. Profitability increased thanks to cost drives, while balance sheets strengthened through derisking assets. Banks’ ability to grow revenue, however, remains a perennial challenge. The quest to growth may be harder in the digital age. In a recent report [...]
