DEBATE: In light of this week’s Access to Cash Review, is the UK ready to go cashless? March 7, 2019 In light of this week’s Access to Cash Review, is the UK ready to go cashless? Abhijit Deb, head of banking and financial services (UK&I) at Cognizant, says YES. From contactless card technology to smartphone payments, we have seen innovations draw much of the public away from cash to new methods. Convenience is obviously a big [...]
Runway East plugs £1m into 1,000-person startup hub in London Bridge March 7, 2019 London startup workspace provider Runway East has announced plans to double the size of its existing South London hub to accommodate 1,000 workers. Read more: London startup space Tech Hub grabs new Shoreditch venue in City expansion The firm told City A.M. it will spend £1m on the expansion, in response to high demand from [...]
Zuckerberg leans in to ‘privacy-focused’ future at Facebook with encrypted merger March 7, 2019 Facebook chief Mark Zuckerberg has said the social media giant will be encrypting more of its messaging services, calling it “the right thing to do”. Writing in a Facebook post late last night, Zuckerberg said Facebook users would be able to message Whatsapp users through Messenger, and vice versa. Read more: Facebook faces paying billions [...]
Amazon backs women in tech with new £130,000 grant March 7, 2019 Amazon has unveiled a plan to increase the number of women in technology and innovation by improving diversity on interview panels and encouraging women to apply. Read more: Amazon founder Jeff Bezos accuses National Enquirer of blackmail The effort, which comes in time for International Women’s Day tomorrow, will try to overcome some of the [...]
Chinese telecoms giant Huawei sues US government after federal equipment ban in wake of spying claims March 7, 2019 Chinese mobile phone giant Huawei has sued the US government, saying a law introduced in August which limits its US business is unconstitutional. The embattled telecoms maker filed a complaint in a federal court in Texas on Thursday against the National Defense Authorization Act (NDAA), part of which prevents federal agencies and their contractors from [...]
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 A.M. 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 [...]