This banking platform is using wearables delivering electric shocks to stop people going over their spending limit May 19, 2016 A new banking platform promises to reduce overspending among millennials, by using the "Internet of Things" to break bad spending habits. The platform – called "Interact IoT" – was devised by FinTech company Intelligent Environments and connects individuals’ bank details with smart devices such as Nest and Pavlok. Go beyond your spending limit, and your heating will automatically be turned [...]
Here’s how your brain works on the Tube (and what it can teach AI) May 19, 2016 Our brains work harder when we have to switch lines on the Underground, even if there are fewer stops than a longer journey which requires no changes, new research reveals. Scientists have identified how our brains work when we're navigating the London Underground which could help artificial intelligence learn things more efficiently. Read more: Accenture's launching an [...]
London tops smarts cities index with Bristol in second place May 19, 2016 London has come out top of the rankings for factors which make a smart city, according to new research. London scored 80.5 for its use of digital technology to improve services, helping it top Huawei's smart cities index. The capital was praised for urban innovations such as the congestion charge and its strong commitment to open data with the London Datastore. [...]
P2P lending: Why the Lending Club fiasco won’t send us all back to the dark ages May 19, 2016 You'd be forgiven for thinking, following last week’s news that Lending Club’s chief executive Renaud Laplanche was stepping down amid allegations around loan sales and misconduct, that this is the end of P2P lending as we know it. Commentators have been quick to discredit the P2P sector, with online lenders labelled “banks in disguise”, up [...]
Lending Club fiasco: This is the company helping P2P platforms grow up with integrity May 19, 2016 The resignation of US giant Lending Club’s chief executive last Monday sent a icy wave of unease through the P2P lending industry. Writing in City PM last week, AltFi’s Rupert Taylor commented: “the failures at Lending Club justified robust action because they related to a discipline that is central to what distinguishes P2P from conventional [...]
Google just launched a personal assistant that can control your home, book movies and search the internet May 18, 2016 How would you like to run your whole house by using just your voice? Google just made that possible by cashing in on the Internet of Things trend. The tech giant today launched Google Assistant, a digital Man Friday, at its annual developer conference in Mountain View, California The new device, similar to Apple's Siri, allows users [...]
Retailers lead number of cyber attack incident responses, new research has revealed May 18, 2016 The retail sector has overtaken the financial services industry in generating the most responses following a cyber security breach, fresh research has revealed. Retail now accounts for 22 per cent of all response engagements, up from 12 per cent the previous year, according to the annual Global Threat Intelligence Report. The rise has been put down to [...]
The Kindle Oasis is a masterful showcase in usability and design, but can Amazon’s e-reader justify the price tag? May 18, 2016 Like sensible shoes, boxes of staples, and that plastic bag in your kitchen that’s filled with other plastic bags, it’s really difficult to get excited about e-readers. They’re functional and mundane. Unsexy grey slates that can’t load Candy Crush. The worst ones stand in the way of your efforts to read, but the best ones [...]
199 problems and a glitch is one: NYSE is having technical problems May 18, 2016 The New York Stock Exchange suffered a technical glitch in early trading on Wednesday resulting in trades for nearly 200 ticker symbols being cancelled. The unspecified glitch first occurred at 9.27am in New York. Things were back up and running by 10.09am, however the latest update at 10.26am indicated the problem had returned. Nearly an hour [...]
Pay by Fitbit? It could soon be a reality after this acquisition of assets from fintech startup Coin May 18, 2016 Fitbit has indicated a move into payments with the acquisition of technology from a Silicon Valley firm specialising in wearable payments, meaning users might in future be able to pay for things simply by swiping their Fitbit. The tech company has snapped up the assets of Coin, a startup in the fintech and wearables space which created a [...]
