Apple versus Google: Here’s who’s won the latest title of world’s most valuable brand June 8, 2016 Google and Apple continue to tussle for the top stop on the stock market, switching back and forth in recent months for the crown of the biggest market capitalisation of any company in the world. But it's Google which triumphs in the latest ranking. The tech firm, now know under the umbrella Alphabet, has claimed [...]
Challenger banks will take “years” to make money June 8, 2016 Ambitious digital challenger banks hoping to topple the big high street players will take "years" to make money according to one of the founders of a mobile bank with ambitions to do just that. Entrepreneur Tom Blomfield, founder and chief executive of the yet to launch digital bank Mondo which recently became the fastest ever crowdfunded business, told City [...]
Nearly half of insured businesses are not sure whether their cyber policy would cover them for this kind of attack June 7, 2016 Despite splashing out on cyber security insurance, new research out today has found an alarming number of businesses have little idea if they are covered against one particular growing threat. The study, by data security company Mimecast, discovered 45 per cent of companies with cyber insurance were not aware of whether their policy would pay out in [...]
Uber reveals London ride-sharing figures for UberPool June 7, 2016 Uber's ride-sharing service UberPool has hit a milestone in London, with more than a million people making journeys via the service in the six months since launch. The billion dollar startup which recently landed billions more in funding from Saudi Arabia's sovereign wealth fund, claims more than 700,000 driving miles have been saved by UberPool in the capital since [...]
Fintech startup GoHenry just smashed crowdfunding records (and that’s a problem) June 7, 2016 A fintech firm which teaches kids how to manage money has smashed its fundraising target, becoming the most highly funded crowdfunded business in Britain. The success of startup GoHenry, which raised just shy of £4m and surpasses the previous record of £3.5m for JustPark, has spurred crowdfunding platform Crowdcube to call for the existing limit on the value of investments to be raised. Early-stage businesses can currently raise [...]
Businesses are stockpiling bitcoin to pay hacking ransoms June 7, 2016 Businesses are preparing for the threat of a cyber attack by stocking up on digital currencies such as bitcoin to pay hackers' ransoms, new research reveals. A third of firms in the UK are stockpiling in the event of such a cyber attack and the country's largest firms are willing to pay more than £50,000 [...]
Deutsche Bank is ditching its plans for a digital bank June 6, 2016 Digital challenger banks can breath a sigh of relief – competition just got a little less crowded. Deutsche Bank was moving with the times with its plans for a new digital bank, revealed late last year in a board reshuffle. Now, it's had a change of heart and has ditched plans for the new venture, a [...]
More money for proptech: HouseSimple raises £13m from Carphone Warehouse boss June 6, 2016 More money is flowing into up and coming property technology (proptech) companies, with the founder of Carphone Warehouse leading a new multimillion pound investment in online estate agent HouseSimple. Sir Charles Dunstone lead the £13m funding in the firm which ditches the high cost of traditional agency fees, along with his business partner Roger Taylor. An institutional investor [...]
Facebook boss Mark Zuckerberg’s social media accounts were hacked this weekend June 6, 2016 Everyone knows that using the same password for all your online accounts makes it ten times easier for hackers to access your information – but even Facebook founder Mark Zuckerberg can't help taking the lazy route when it comes to internet security. The tech boss was the target of hackers over the weekend, when his [...]
An ex-Nasa chief has revealed a stealth startup that’s built “military-grade” Apple Siri voice recognition technology June 6, 2016 A startup founded by a former top boss at Nasa has emerged from so-called stealth mode with technology that claims to beat Apple, Google and Microsoft's voice recognition technology. Dan Goldin, who spent nearly all of the 1990s leading Nasa, has revealed KnuEdge, a machine learning company that already boasts Fortune 500 clients and $100m in private funding despite its under the radar nature [...]