Transferwise partners with Starling Bank ahead of digital challenger’s imminent launch March 15, 2017 Transferwise, the unicorn-valued fintech startup, is partnering with another new disruptive finance startup on the scene – Starling Bank. The money transfer service will be integrated into the app of the challenger bank set up by former Allied Irish Bank operating chief Anne Boden which is set to launch in the coming weeks. Read more: This "Paypal of renting" [...]
The augmented workforce isn’t coming – it’s already here: Are you ready? March 15, 2017 Digital technology is moving at an unprecedented speed, raising some of the most difficult social, political and ethical questions of our time. Along with disrupting the way we live our lives, it’s fundamentally rewriting the rules of work. Deloitte’s human capital trends survey reveals that despite being the top priority for nine in 10 UK [...]
“Paypal of renting” proptech startup Goodlord just landed millions more from investors Ribbit Capital, LocalGlobal and Global Founders Capital March 15, 2017 A startup aiming to be the Paypal of renting, making lettings easier for tenants, landlords and agents, has landed millions more in funding from top investors. Goodlord has landed £7.2m from Silicon Valley's Ribbit Capital and existing investors: Robin Klein's LocalGlobal and Global Founders Capital, the fund founded by Rocket Internet's Samwer brothers, following on from £2m raised in May [...]
The UK risks missing out on the benefits of driverless cars without government action March 15, 2017 The economic gains from driverless cars could bypass the UK entirely without rapid ministerial action, a House of Lords committee has warned. The UK has sought to be at the forefront of trials for autonomous vehicles, but peers have today said ministers must engage in a more cross-governmental approach. The House of Lords science and technology [...]
Google, Facebook and Twitter won’t tell MPs how many staff moderate content in a major grilling by the Home Affairs Select Committee March 14, 2017 Several of the world's biggest tech companies faced a major grilling from MPs over their efforts to tackle online abuse and hate crime as German authorities pushed further, threatening them with multimillion pound fines over failures. Top executives from Google, Facebook and Twitter faced a lashing from MPs on the Home Affairs Select Committee for failing to do enough [...]
Now fintech startup Revolut is getting into loans March 14, 2017 Fintech startup Revolut has partnered with a peer-to-peer lender to offer loans to users, its newest product in addition to a current account and money transfers. With Lending Works, it will offer loans of up to £5,000 at a rate of 9.9 per cent APR over 12 months. The credit facility is instant, if approved, with [...]
WPP chief executive Martin Sorrell urges advertisers to show faith in newspapers as spending drifts to Google and Facebook March 14, 2017 Advertising grandee Sir Martin Sorrell has urged his industry to show faith in newspapers as more and more money drifts towards online giants. Sorrell, the founder and chief executive of WPP, said that at a time when Google, Facebook and Twitter stand accused of “giving a platform to hatred and fake news” there ought to [...]
Facebook, Twitter and Google could face €50m fines for fake news and hate speech under German law proposals March 14, 2017 German lawmakers have slammed Facebook and Twitter for their failure to tackle content which breaks the law, hate speech posted on the sites, and so-called fake news that's defamatory, warning of financial penalties for companies which do not tackle the problem. Draft laws proposed today would bring in fines of up to €50m (£44m) for the companies failing [...]
Innovation never stops: What’s next for the tech startups in Bird & Bird’s Digital Innovators showcase pushing boundaries? March 14, 2017 When Bird & Bird and City A.M. sought to unearth, and then celebrate, the most innovative digital companies shaking up the worlds of finance, health, education, media and security, we knew the collective 20 companies we found were an outstanding demonstration of the UK’s leadership in cutting edge technology. Now, just four months on, the visionary founders [...]
Yahoo’s Marissa Mayer would receive a $23m golden parachute if terminated “without cause” March 13, 2017 Marissa Mayer, the boss of Yahoo, is set to receive a $23m (£18.8m) golden parachute if she loses her job after Verizon completes its $4.83bn purchase. Yahoo said in a filing Mayer will receive the severance pay if she lost her job "without cause". Verizon hasn't yet specified whether Mayer will continue to lead Yahoo after the [...]