Forget social networks – the future is community media, says the boss of Disciple Media February 18, 2019 In February last year, Matt Hancock (then culture secretary, now health secretary) launched his own smartphone app, imaginatively titled… “Matt Hancock”. Many scoffed at the idea of an MP thinking themselves so important that they needed an app. And there were jokes about how the app asked for user consent: “Matt Hancock would like to access [...]
Google and Salesforce inject $75m into London’s Gocardless February 18, 2019 City fintech firm Gocardless has raised $75m (£58.1m) in a series E funding round, led by new investors Adam Street Partners and the venture capital arms of Google and Salesforce. The company aims to fix the way businesses collect invoices and make recurring payments by building debit technology on top of the world’s existing banking systems. Chief [...]
Tech giants should be held to compulsory ‘code of ethics’, MPs say February 18, 2019 Facebook and other tech giants should face stricter regulation to tackle the spread of fake news and misuse of personal data, MPs said today. Facebook founder and chief executive Mark Zuckerberg was harshly criticised in the final report on disinformation by the Department of Culture, Media and Sport (DCMS) Select Committee, having declined several invitations to attend [...]
Business lender Iwoca rakes in £150m financing from Augmentum Fintech and NIBC February 18, 2019 Small business lending challenger Iwoca has closed a total fundraise of £150m, led by an earlier £7.5m investment from London-listed fund Augmentum Fintech. City A.M. understands the raise was made up of a £20m series D equity funding round and £130m in debt capital. Existing investor Prime Ventures also participated, alongside NIBC Bank. A person [...]
A brave new driverless future? Let’s separate fact from fiction February 18, 2019 You can’t browse the internet without seeing a sensational headlines announcing the imminent ascendency of the driverless car. “Fully driverless cars could run on UK roads by end of year”, “Britain’s driverless revolution will be a car crash as safety rules are recklessly scrapped” and “Driverless Car! It’s about to happen on UK roads” – to [...]
The Pharmacy2U boss on saving the ailing NHS and stockpiling medicine February 18, 2019 The first ever UK chemist opened its doors in 1734, says Mark Livingstone when I meet him for breakfast. But it’s not so much this 285-year history that’s remarkable – it’s the fact that the business of dispensing drugs has barely been disrupted during that time. As the former managing director of Lego says: “When [...]
Darktrace risks being dragged into US probe into billionaire Mike Lynch February 17, 2019 UK cybersecurity darling Darktrace is at risk of being pulled into the US fraud case against tech billionaire Mike Lynch and his former Autonomy colleague Sushovan Hussain. US court documents show that Federal Bureau of Investigation agents held a voluntary interview with Darktrace’s co-chief executive Nicole Eagan, as first reported by the Sunday Telegraph. Read [...]
Sir Richard Branson looking for additional investment in Virgin space ventures February 16, 2019 Sir Richard Branson has hired corporate finance firm LionTree Advisors to help raise hundreds of millions of pounds to invest in Virgin Galactic and Virgin Orbit, according to Sky News. It comes months after Branson halted a $1bn (£775m) Saudi-funded deal amid the political tension over Jamal Khashoggi's murder. Discussions are already under way with a number of potential investors, including [...]
Facebook faces paying billions of dollars in data breach penalty February 15, 2019 Facebook faces a record multi-billion dollar fine from the Federal Trade Commission (FTC) for privacy violations, according to reports. The penalty would surpass the $22.5m (£17.5m) fine the FTC issued to Google for failing to protect user data as the largest ever financial punishment imposed by the US government's privacy and security watchdog. Read more: [...]
Mobile network industry calls for security scrutiny amid Huawei spying claims February 15, 2019 Europe needs a security testing programme to oversee the rollout of 5G in order to combat distrust of providers, according to the mobile network industry. Industry body the GSMA, which represents 800 operators, has called on governments and the private sector to collaborate on setting up such a scheme. Read more: Huawei boss: US has [...]