Driverless car buyers may need new insurance covering cyber-attacks, and even ransom, a new report has warned July 10, 2016 Driverless car users may need to find cover against a raft of new dangers, including ransom payments demanded by hackers. A new paper from motor insurer Axa has warned that the rise of autonomous vehicles could lead to cars being hacked to conduct criminal activity, or even to be used a weapon. Alternatively, drivers could [...]
The government has quietly been testing blockchain technology for benefits payments July 10, 2016 The government has quietly been testing out blockchain technology to make benefit payments, it has been revealed. The department of work and pensions (DWP) has worked with Barclays, Npower, University College London and a UK-based distributed ledger platform startup called GovCoin to create an app which tracks spending. "Claimants are using an app on their phones [...]
Here’s how UK fintech’s rallying action in a post-Brexit no-man’s land July 10, 2016 London's fintech industry is rallying to action after the vote for Brexit in a bid to alleviate the fears of startups, along with their investors and supporters, over issues such as capital, market access and talent. The industry is already formulating a plan in the face of overwhelming uncertainty and a lack of clarification from political leaders on [...]
Here’s how you can watch the Wimbledon final live on Twitter July 10, 2016 Tennis fans will be able to easily watch Wimbledon online as Twitter is live streaming sports for the first time with live coverage of the British tennis tournament – a new feature that follows a digital rights deal to show NFL football games earlier this year. The social network is testing out the new video streaming feature with a page dedicated to the [...]
UK fintech startups are more attractive than ever post-Brexit, one investor claims July 10, 2016 A major tech investor has said it's likely to become more aggressive in its UK investments following the Brexit vote, while funds based outside the UK will find investing in startups based here more attractive. Anthemis, which has invested in fintech firms such as Azimo, eToro and Currency Cloud as well as challenger bank Atom, holds most of [...]
Nintendo share price jumps on release of new Pokemon game July 8, 2016 Shares in video game giant Nintendo soared in early trading this morning, after the release of its new Pokemon game. The Japanese firm's stock was up 10 per cent at one point, to their highest level in more than two months. Pokemon GO, a new smartphone game, was released on Wednesday, and shot to the [...]
Silver lining? Rising threat of cyber crime helps boost NCC Group’s profits July 7, 2016 The increasing threat of cyber crime has at least brought some good news for one company today, as NCC Group announced a substantial increase in both its revenue and profit. The figures The cyber security and risk mitigation firm reported revenue for its full year to May of £209.1m, up 56 per cent from £133.7m the year before. Meanwhile, adjusted profit [...]
Brexit fallout: How to survive ‘survival mode’ July 7, 2016 For a nation that prides itself on remaining calm, the past few months have brought a rollercoaster of emotion. Whether we voted for or against Brexit, many of us are still feeling bruised by the campaign and its immediate aftermath. And far from this unusual period being over, we now likely face two leadership contests and months or [...]
British business will reduce spending on tech because of Brexit July 7, 2016 Tech spending will take a hit from Brexit across the world as businesses continue to hold back amid the uncertainty. Hiring tech staff will likely be the first area where companies dial back in the immediate future, analysts at Gartner predict, while price increases are expected and major projects requiring investment will be put on [...]
Amazon will plough ahead with UK data centres plan despite Brexit July 7, 2016 Amazon has said it remains committed to the UK and will continue with plans to build new data centres in the country after the Brexit vote. Speaking at its annual summit in London, Amazon Web Services (AWS) UK boss Gavin Jackson reassured thousands of attendees, including executives from British clients, that the country’s decision to [...]
